Wednesday, September 18, 2019

Price fall in large-caps drives stocks down

Economic Reporter :
Stock markets on Tuesday finished the session of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.
The falling major sectors were ceramics, textile, pharmaceuticals and chemicals and engineering. A total of 179 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 30.75 points down at 4,928.98. The Shariah DSES and the blue-chip DS30 also followed the same trend with 8.64 points down at 1,146.97 and with 3.93 points down at 1,751.82.
The daily trade rose to 10.44 crore shares from Monday's 9.05 crore shares and the day's trade value at DSE increased to Taka 435.56 crore from Taka 388.81 crore of the previous session.
At DSE, out of the day's 353 securities, prices of 71 securities closed higher against 236 losing issues. The major gaining issues were National Tubes, MLD Dyeing, QUASEMIND, GREENDELT and Salvo Chemical.
The major losing companies were Monno Ceramics, Al-Haj Textile, JMISMDL, Shurwid and Style Craft. National Tubes topped the turnover list followed by Monno Stafflers, Legacy Foot, BAT BC and Square Pharma.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 112.38 points down at 14,950.28.
At CSE, 249 issues were traded. Of those, 57 closed higher and 166 closed lower when 46.54 lakh shares worth Taka 39.39 crore changed hands.