Price fall in large-caps drives stocks down

Price fall in large-caps drives stocks down

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Stock markets closed the second session of the week on Monday with downward trends due mainly to price fall in large-cap securities.

The falling major sectors were food and allied, engineering and textile. A total of 177 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 59.25 points down at 5,981.95. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.43 points down at 1,324.85 and with 14.75 points down at 2,174.52.

The day’s trade value at DSE declined to Taka 523.26 crore from Sunday’s Taka 543.68 crore. However, the daily trade increased to 13.34 crore shares from 13.04 crore shares of the previous session.

At DSE, out of the day’s 332 securities, prices of 68 securities closed higher against 223 losing issues.

The major gaining issues were Safko Spinning, Shasha Denims, BD Auto Cars, Style Craft and RECKITBEN. The major losing companies were Zeal Bangla, Shyampur Sugar, Modern Dying, Rahim Textile and Meghna Condense Milk.

BBS Cables topped the turnover list followed by Aamra Net, Lanka Bangla, GP and IFAD Autos.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 178.01 points down at 18,552.76.

At CSE, 233 issues were traded. Of those, 52 closed higher and 158 closed lower when 2.35 crore shares worth Taka 55.96 crore changed hands, reports BSS.

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