Dhaka, Bangladesh
Price fall in large-caps drives stocks down

Price fall in large-caps drives stocks down

Business Desk Stock markets witnessed downward trend on Wednesday due to mainly price fall in large-cap securities despite higher transactions. The falling major sectors were financial institutions, insurance, food and allied. A total of 148 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 14.12 points down at 5,529.82. The blue-chip DS30 also followed the same trend with 6.43 points down at 1,932.01. But, the Shariah DSES closed the day with 4.32 points up at 1,275.92. The daily trade rose to 18.85 crore shares from Tuesday’s 16.47 crore shares and the day’s trade value at the DSE increased to Tk 861.08 crore from Tk 714.09 crore of the previous session. At the DSE, prices of 185 securities out of the day’s 333 closed higher against 185 losing issues. The major gaining issues were Intech, National Life Insurance, Apex Foods, KPCL and Oimex. The major losing companies were NHFIL, Standard Insurance, ICBSONALI1, Shyampur Sugar and Midas Finance. KPCL topped the turnover list followed by Active Fine, BBS Cables, UPGDCL and NAHEEACP. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 35.91 points down at 17,059.11. At the CSE, 245 issues were traded. Of those, 91 closed higher and 134 closed lower when 1.08 crore shares worth Tk 42.46 crore changed hands. On Tuesday, lower demand drags down daily transactions forcing premier bourses ending flat. The day’s trade value at Dhaka Stock Exchange (DSE) declined to Taka 714.09 crore from Monday’s Taka 965.36 crore and the daily trade fell to 16.46 crore shares from 22.42 crore shares of the previous session. The broader DSEX index of Dhaka Stock Exchange closed the day with 3.82 points up at 5,543.94. But, the blue-chip DS30 and Shariah DSES closed the day with 2.63 points down at 1,938.45 and with 0.56 points down at 1,271.60. At DSE, out of the day’s 335 securities, prices of 131 securities closed higher against 152 losing issues. The major gaining issues were National Life Insurance, Takaful Insurance, Monno Ceramics, Fu Wang Ceramics and Intech. The major losing issues were IFILISLMF1, PRIME1ICBA, VFSTDL, ICBEPMF1S1 and ICBAGRANI1. KPCL topped the turnover list followed by Active Fine, BBS Cables, Ifad Autos and Confidence Cement. The Chittagong Stock Exchange (CSE) closed the day with downward trend with its major CASPI 1.79 points down at 17,095.03. At CSE, a total of 240 issues were traded while 82 closed higher and 128 closed lower when 99.19 lakh shares worth Taka 44.82 crore changed hands. (Inputs taken from BSS)

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