Stocks dip again amid low investor confidence

Stock markets Monday closed with downward trend due mainly to price fall in large-cap securities aimed lack of investors’ confidence to the ongoing capital market.

The falling major sectors were textile, bank, engineering and financial institutions. A total of 217 securities of the large-cap group moved down due to lower activities, BSS reports.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 62.73 points down at 5,175.47. The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.43 points down at 1,198.82 and with 20.17 points down at 1,835.75.

The daily trade fell to 8.01 crore shares from Sunday’s 9.18 crore shares and the day’s trade value at DSE decreased to Taka 298.61 crore from Taka 344.26 crore of the previous session.

At DSE, out of the day’s 347 securities, prices of 86 securities closed higher against 217 losing issues.

The major gaining issues were Eastern Insurance, Sonar Bangla Insurance, United Insurance, OAL and Rahim Textile.

The major losing companies were Malek Spinning, Dulamia Cotton, Prime Bank, BDLAMPS and 

BIFC. Fortune topped the turnover list followed by GENEXIL, 

Monno Ceramics, BSCCL and BRAC Bank.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 183.10 points down at 15,869.55.

At CSE, 233 issues were traded. Of those, 47 closed higher and 157 

closed lower when 43.38 lakh 

shares worth Taka 11.58 crore changed hands.