Price fall in large-caps drives stocks down

Stock markets Sunday finished the first session of the week with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were insurance and tannery industries. A total of 166 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 27.98 points down at 5,238.20. The Shariah DSES and the blue-chip DS30 also followed the same trend with 5.63 points down at 1,209.25 and with 8.02 points down at 1,855.92.

The daily trade fell to 9.18 crore shares from Thursday’s 11.02 crore shares and the day’s trade value at DSE decreased to Taka 344.26 crore from Taka 382.97 crore of the previous session.

At DSE, out of the day’s 344 securities, prices of 95 securities closed higher against 208 losing issues.

The major gaining issues were GENEXIL, Apex Foods, Standard Ceramics, IBP and KARNAPHULI. The major losing companies were Agrani Insurance, Sonar Bangla Insurance, Bata Shoe, Provati Insurance and Asian Insurance.

National Polymer topped the turnover list followed by Fortune, Monno Ceramics, National Tubes and BSCCL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 93.84 points down at 16,052.65.

At CSE, 235 issues were traded. Of those, 84 closed higher and 129 closed lower when 49.72 lakh shares worth Taka 14.37 crore changed hands.