Price fall in large-caps drives stocks down

Price fall in large-caps drives stocks down
Published : 10 Oct 2018, 16:39:49
Price fall in large-caps drives stocks down
bbarta desk
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Stocks witnessed downward trend on Wednesday due mainly to price fall in large-cap securities despite higher transactions.
 
The falling major sectors were textile, jute, insurance and cement. A total of 184 securities of the large-cap group moved down due to lower activities.
 
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 19.66 points down at 5,436.15. The blue-chip DS30 and Shariah DSES also
followed the same trend with 6.54 points down at 1,922.40 and with 3.57 points down at 1,274.46 respectively.
 
The day’s trade value increased to Taka 801.95 crore from Tuesday’s 801.22 crore shares and the daily trade at the DSE rose to 16.78 crore shares from 16.03 crore shares of previous session.
 
At the DSE, prices of 58 securities out of the day’s 339 closed higher against 229 losing issues.
 
The major gaining issues were Meghna Cement, BD Auto Cars, HWAWELLTEX, VFSTDL and Delta Life. The major losing companies were Style Craft, United
Insurance, Jute Spinning, ICBAGRANI1 and ARAMITCEM.
 
KPCL topped the turnover list followed by Summit Power, UPGDCL, Active Fine and Olympic. The Chittagong Stock Exchange (CSE) closed the day of the
week with downward trend with its major CASPI 60.71 points down at 16,780.69.
 
At the CSE, 240 issues were traded. Of those, 56 closed higher and 160 closed lower when 1.08 crore shares worth Taka 35.62 crore changed hands.-BSS
 
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