Monday, February 11, 2019

Price fall in large-caps drives stocks down

Economic Reporter :
Stock markets opened the week on Sunday with downward trend due mainly to price fall in large-cap securities despite higher transactions.
The falling major sectors were insurance and IT. A total of 197 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 48.19 points down at 5,763.73. The Shariah DSES and the blue-chip DS30 also followed the same trend with 3.12 points down at 1,320.28 and with 1.41 points down at 2,024.68.
The daily trade rose to 16.47 crore shares from Thursday's 16.18 crore shares and the day's trade value at DSE increased to Taka 812.77 crore from Taka 772.98 crore of the previous session.
At DSE, out of the day's 348 securities, prices of 72 securities closed higher against 247 losing issues. The major gaining issues were Fortune, JIMSMDL, Style Craft, Marico and Aramit. The major losing companies were BNICL, Central Insurance, Federal Insurance, Global Insurance and Agrani Insurance.
UPGDCL topped the turnover list followed by Monno Ceramics, Fortune, BSCCL and Legacy Foot.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 184.99 points down at 17,596.25.  At CSE, 277 issues were traded. Of those, 66 closed higher and 188 closed lower when 84.36 crore shares worth Taka 27.01 crore changed hands.