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POST TIME: 11 September, 2018 00:00 00 AM
Price fall in large-caps drives stocks down
BSS

Price fall in large-caps drives stocks down

Stock markets closed yesterday of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions, reports BSS.

The falling major sectors were financial institution, travel and leisure, insurance, textile and paper and printing. A total of 145 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 9.67 points down at 5,540.11. The Shariah DSES and the blue-chip DS30 also followed the same trend with 3.92 points down at 1,272.16 and with 6.31 points down at 1,941.08 respectively.

The daily trade increased to 22.42 crore shares from Sunday’s 20.94 crore and the day’s trade value at DSE increased to Tk 965.36 crore from Tk 900.94 crore of the previous session.

At the DSE, prices of 106 securities out of the day’s 329 closed higher against 177 losing issues.

The major gaining issues were National Life Insurance, Shasha Denims, Standard Insurance, Titas Gas and GHAIL. The major losing companies were NHFIL, Peninsula, Prime Insurance, Mithun Knitting and Hakkani Pulp.

Active Fine topped the turnover list followed by KPCL, BBS Cables, Shasha Denims and Summit Power.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 20.82 points down at 17,096.81.

At the CSE, 237 issues were traded. Of those, 79 closed higher and 134 closed lower when 1.13 crore shares worth Tk 42.94 crore changed hands.