Price fall in large-cap drives stocks down

Stocks plunged further on Tuesday mainly due to price fall in large-cap securities despite higher transactions. The falling major sectors were financial institutions, insurance, textile, engineering and ceramics. A total of 181 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 38.57 points down at 5,280.05. The Shariah DSES and the blue-chip DS30 also followed the same trend with 8.75 points down at 1,207.49 and with 10.64 points down at 1,875.52. The day’s trade value at DSE increased to Taka 512.91 crore from Monday’s Taka 424.66 crore and the daily trade rose to 19.91 crore shares from 14.69 crore shares of the previous session. At DSE, out of the day’s 352 securities, prices of 86 securities closed higher against 242 losing issues. The major gaining issues were EXIM1STMF, RELIANCE1, CAPMIBBLMF, SEMLFBSLGF and SEMLIBBLSF. The major losing companies were PLFSL, Global Insurance, RN Spinning, Runner Auto and Monno Ceramics. Runner Auto topped the turnover list followed by ATCSLGF, National Life Insurance, JMISMDL and UPGDCL. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 90.26 points down at 16,200.28. At CSE, a total of 276 issues were traded. Of those, 74 closed higher and 181 closed lower when 78.18 lakh shares worth Taka 19.51 crore changed hands.