Price fall in large-cap drives stocks down

Published : 12 Jun 2019 08:44 PM | Updated : 03 Sep 2020 04:15 AM

Stocks on Wednesday finished the session of the week with downward trend due mainly to price fall in large-cap securities. The falling major sectors were food and allied and IT. A total of 143 securities of the large-cap group moved down due to lower activities, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 6.35 points down at 5,469.63. The Shariah DSES and the blue-chip DS30 also followed the same trend with 2.89 points down at 1,241.65 and with 4.47 points down at 1,917.36.

The daily trade fell to 13.68 crore shares from Tuesday’s 14.85 crore shares and the day’s trade value at DSE decreased to Taka 522.64 crore from Taka 578.68 crore of the previous session. At DSE, out of the day’s 349 securities, prices of 116 securities closed higher against 195 losing issues.

The major gaining issues were Peoples Insurance, BGIC, Global Insurance, City General Insurance and Janata Insurance. The major losing companies were Meghna Condense Milk, Meghna Petroleum, Daffodil Computer, CAPMBDBLMF and AIBL1STMF. BBS Cables topped the turnover list followed by UPGDCL, BSC, JMISMDL and EHL. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 37.91 points down at 16,735.53. At CSE, 256 issues were traded. Of those, 81 closed higher and 137 closed lower when 76 lakh shares worth Taka 22.14 crore changed hands.