Price fall in large-caps drives stocks further down

Wed, November 21, 2018
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Price fall in large-caps drives stocks further down
Published : 05 Nov 2018, 17:12:39
Price fall in large-caps drives stocks further down
bbarta desk
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Stock markets closed on Monday of the week with downward trend mainly due to price fall in large-cap securities.
 
The major falling sectors were textile, fuel and power, pharmaceuticals, chemicals and insurance. A total of 126 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 14.05 points down at 5,224.94. The Shariah DSES and the blue-chip DS30 also
followed the same trend with 6.67 points down at 1,204.72 and with 4.40 points down at 1,848.26.
 
The daily trade declined to 14.32 crore shares from Sunday’s 14.34 crore shares and the day’s trade value at DSE fell to Taka 538.21 crore from Taka 539.33 crore of the previous session.
 
At DSE, out of the day’s 339 securities, prices of 125 securities closed higher against 153 losing issues.
 
The major gaining issues were BSC, SALAMCRST, Wata Chemical, Legacy Foot and Saiham Textile. The major losing companies were Style Craft, KPCL, MJLBD,
IBP and Mercantile Insurance.
 
KPCL topped the turnover list followed by Saiham Textile, Nurani, Intech and DSSL.
 
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 57.72 points down at 16,031.50.
 
At CSE, 339 issues were traded. Of those, 125 closed higher and 153 closed lower when 71.90 lakh shares worth Taka 20.78 crore changed hands.-BSS
 
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