Stocks witness flat as major sectors plunge
Economic Reporter :
Stock markets on Wednesday witnessed flat due to lower activities of large-cap securities.
The falling major sectors were insurance, food and allied and textile. A total of 130 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 11.17 points down at 5,411.40. The blue-chip DS30 and the Shariah DSES also followed the same trend with 2.71 points down at 1,897.81 and with 2.79 points down at 1,235.08 respectively.
At the DSE, out of the day's 351 securities, prices of 124 securities closed higher against 174 losing issues.
The major gaining issues were Rupali Life Insurance, Sun Life Insurance, Eastern Insurance, Prime Life Insurance and East Land Insurance. The major losing issues were Northern Insurance, Global Insurance, Beach Hatchery, Nitol Insurance and Prime Textile.
UPGDCL topped the turnover list followed by Eastern Insurance, JMISMDL, NURANI and Sonar Bangla Insurance.