Price fall in large-caps drives stocks down

Price fall in large-caps drives stocks down

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Stock markets finished the fourth session of the week on Wednesday with downward trends due mainly to price fall in large-cap securities.

The falling major sectors were engineering, tannery industries and bank. A total of 170 securities of the large-cap group moved down due to lower activities.

The border DSEX index of Dhaka Stock Exchange (DSE) closed the day with 63.67 points down at 6,172.91. The Shariah DSES and the blue-chip DS30 also followed the same trend with 9.28 points down at 1,366.02 and with 15.48 points down at 2,198.61.

The day’s trade value at DSE declined to Taka 1082.01 crore from Tuesday’s Taka 1,508.74 crore and the daily trade fell to 37.01 crore shares from 53.27 crore shares of the previous session.

At DSE, out of the day’s 330 securities, prices of 86 securities closed higher against 206 losing issues.

The major gaining issues were Safko Spinning, Rupali Bank, GBB Power, EXIM1STMF and Hakkani Pulp. The major losing companies were RSRM Steel, SEMLIBBLSF, Legacy Footwear, First Security Bank and Pubali Bank.

NBL topped the turnover list followed by Summit Power, IFIC, Exim Bank and Al Arafah Bank.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 217.56 points down at 19,154.58.

At CSE, 241 issues were traded. Of those, 70 closed higher and 144 closed lower when 2.09 crore shares worth Taka 51.17 crore changed hands, reports BSS.

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