Price fall in large caps drives stocks down

10 July, 2018 12:00 AM printer

Stocks witnessed downward trend on Monday due mainly to price fall in large-cap securities despite higher transactions.

The falling major sectors were insurance, pharmaceutical and chemical, food and allied and engineering. A total of 140 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 24.74 points down at 5,341.27. The blue-chip DS30 also followed the same trend with 18.35 points down at 1,910.77. But, the Shariah DSES closed the day with 1.03 points up 1,268.26.

The day’s trade value increased to Taka 901.26 crore from Sunday’s 892.49 crore shares and the daily trade at DSE rose to 23.24 crore shares from 21.97 crore shares.

At DSE, out of the day’s 341 securities, prices of 141 securities closed higher against 164 losing issues.

The major gaining issues were Legacy Foot, BBS Cables, Peninsula, PDL and DSSL. The major losing companies were GQ Ball pen, Asia Pacific Insurance, Libra Infusion, AMCL (PRAN) and RSRM Steel.

BBS Cables topped the turnover list followed by BPML, Legacy Foot, SINGERBD and RSRM Steel.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 55.51 points down at 16,461.63. At CSE, 246 issues were traded. Of those, 102 closed higher and 121 closed lower when 1.27 crore shares worth Taka 44.12 crore changed hands.