Price fall in large-cap drives stocks further down

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DHAKA, April 10, 2019 (BSS) – Stock markets closed on Wednesday of the week with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were cement, financial institutions, textile and food and allied. A total of 186 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 57.15 points down at 5,261.60. The Shariah DSES and the blue-chip DS30 also followed the same trend with 15.13 points down at 1,217.86 and with 22.61 points down at 1,877.92.

The daily trade fell to 6.40 crore shares from Tuesday’s 7.65 crore shares and the day’s trade value at DSE decreased to Taka 274.84 crore from Taka 365.92 crore of the previous session.

At DSE, out of the day’s 348 securities, prices of 64 securities closed higher against 231 losing issues.

The major gaining issues were Rupali Life, Monno Ceramics, Fine Foods, Islamic Insurance and Standard Ceramics. The major losing companies were HEIDELBCEM, NHFIL, Savar EFR, RN spinning and Zeal Bangla.

GP topped the turnover list followed by Monno Ceramics, Fortune, RECKITTBEN and UPGDCL. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 165.22 points down at 16,148.67.

At CSE, 230 issues were traded. Of those, 55 closed higher and 141 closed lower when 37.21 lakh shares worth Taka 12.11 crore changed hands.