Stocks plunge further

13 March, 2018 12:00 AM printer

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

The falling major sectors were textile, ceramics and food and allied. A total of 222 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 67.79 points down at 5,705.57. The Shariah DSES and the blue-chip DS30 also followed the same trend with 13.03 points down at 1,350.76 and with 18.73 points down at 2,107.44.

The day's trade value at DSE increased to Taka 298.25 crore from Sunday's Taka 236.74 crore and the daily trade rose to 8.16 crore shares from 6.45 crore shares of the previous session.

At DSE, out of the day's 333 securities, prices of 30 securities closed higher against 273 losing issues.

The major gaining issues were ICBAMCL2ND, Apex Foods, Standard Insurance, Fareast Life Insurance and Eastland Insurance. The major losing companies were Sonargaon, Monno Ceramics, Meghna Pet, Shyampur Sugar and Dulamia Cotton.

Monno Ceramics topped the turnover list followed by DSSL, GP, Square Pharma and Apex Foods.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 228.43 points down at 17, 647.46.

At CSE, 218 issues were traded. Of those, 191 closed higher and 13 closed lower when 55.22 lakh shares worth Taka 47.35 crore changed hands.