Saturday, 28 January, 2023

Stocks plunge further

Stock markets plunged further on Monday due to mainly price fall in large-cap securities.

All the indices at Dhaka and Chittagong stock exchanges closed in red though at a lower rate than the previous sessions, reports BSS.

The falling major sectors were insurance, ceramics and engineering. A total of 147 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 10.52 points down at 5,940.24. The Shariah DSES and the blue-chip DS30 also followed the same trend with 4.77 points down at 1,389.88 and with 4.61 points down at 2,188.93.

The day's trade value at DSE declined to Taka 377.17 crore from Sunday's Taka 440.24 crore and the daily trade fell to 10.46 crore shares from 13.29 crore shares of the previous session.

At DSE, out of the day's 332 securities, prices of 109 securities closed higher against 176 losing issues.

The major gaining issues were Apex Spinning, CVOPRL, Central Insurance, Miracle Industry and Sonali Ansh. The major losing companies were Republic Insurance, Fu-Wang Ceramics, ANWARGALV, Phenix Insurance and Savar EFR.

CVOPRL topped the turnover list followed by Unique Hotel, BRAC Bank, Keya Cosmetic and Monno Ceramics.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 56.67 points down at 18,367.14.

At CSE, 223 issues were traded. Of those, 65 closed higher and 136 closed lower when 75.94 lakh shares worth Taka 2.49 crore changed hands.