Price fall in large-caps drives stocks down

Wed, November 21, 2018
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Price fall in large-caps drives stocks down
Published : 31 Oct 2018, 21:30:32
Price fall in large-caps drives stocks down
bbarta desk
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Stock markets closed on Wednesday of the week with downward trend due mainly to price fall in large-cap securities.
 
The falling major sectors were financial institutions, textile, fuel and power and insurance. A total of 189 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 14.95 points down at 5,284.13. The Shariah DSES and the blue-chip DS30 also
followed the same trend with 3.95 points down at 1,222.89 and with 1.33 points down at 1,878.04 respectively.
 
The daily trade fell to 14.84 crore shares from Tuesday’s 14.85 crore shares and the day’s trade value at the DSE decreased to Taka 514.71 crore from Taka 552.49 crore of the previous session.
 
At the DSE, prices of 111 securities out of the day’s 337 closed higher against 189 losing issues. The major gaining issues were National Life Insurance, MLDYING, union Capital, Family Textile and EBL1STMF. The major losing companies were Bay Leasing, Generation Next, VAMLRBBF, KPCL and City General Insurance.
 
KPCL topped the turnover list followed by Square Pharma, Summit Power, Nurani and VFSTDL.
 
The Chittagong Stock Exchange (CSE) closed the day with downward trend with its major CASPI 35.92 points down at 16,191.65.
 
At the CSE, 239 issues were traded. Of those, 82 closed higher and 133 closed lower when 87.11 lakh shares worth Taka 20.42 crore changed hands.-BSS
 
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