Price fall in large-caps drives stocks down

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DHAKA, Feb 10, 2019 (BSS) – 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.