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13th-Sep-2018

Price fall in large-caps drives stocks down

By

Economic Reporter :
Stock markets closed on Wednesday of the week with downward trend due to mainly price fall in large-cap securities despite higher transactions.
The falling major sectors were financial institutions, insurance, food and allied. A total of 148 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 14.12 points down at 5,529.82. The blue-chip DS30 also followed the same trend with 6.43 points down at 1,932.01. But, the Shariah DSES closed the day with 4.32 points up at 1,275.92.
The daily trade rose to 18.85 crore shares from Tuesday's 16.47 crore shares and the day's trade value at the DSE increased to Tk 861.08 crore from Tk 714.09 crore of the previous session.
At the DSE, prices of 185 securities out of the day's 333 closed higher against 185 losing issues.
The major gaining issues were Intech, National Life Insurance, Apex Foods, KPCL and Oimex. The major losing companies were NHFIL, Standard Insurance, ICBSONALI1, Shyampur Sugar and Midas Finance.  KPCL topped the turnover list followed by Active Fine, BBS Cables, UPGDCL and NAHEEACP.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 35.91 points down at 17,059.11.  At the CSE, 245 issues were traded. Of those, 91 closed higher and 134 closed lower when 1.08 crore shares worth Tk 42.46 crore changed hands.