Price fall in large-caps drives stocks down

Price fall in large-caps drives stocks down
Published : 17 Oct 2018, 18:38:29
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 despite higher transactions.
 
The falling major sectors were food and allied, pharmaceuticals and chemicals, textile and engineering. A total of 154 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 19.10 points down at 5,380.78. The Shariah DSES and the blue-chip DS30 also
followed the same trend with 5.75 points down at 1,248.44 and with 5.29 points down at 1,897.88 respectively.
 
The daily trade rose to 13.07 crore shares from Tuesday’s 11.85 crore shares and the day’s trade value at the DSE increased to Taka 511.44 crore from Taka 492.53 crore of the previous session.
 
At the DSE, prices of 96 securities out of the day’s 336 closed higher against 183 losing issues.
 
The major gaining issues were BD Finance, Republic, Reliance Insurance, Uttara Bank and Tosrifa. The major losing companies were Fine Foods,  SILVAPHL, Prime Textile, Shurwid and MHSML.
 
UPGDCL topped the turnover list followed by KPCL, DSSL, Summit Power and Ifad Autos.
 
The Chittagong Stock Exchange (CSE) closed the day with downward trend with its major CASPI 68.71 points down at 16,539.13.
 
At the CSE, 232 issues were traded. Of those, 61 closed higher and 137 closed lower when 70.52 lakh shares worth Taka 18.87 crore changed hands.-BSS
 
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