Price fall in large-caps drives stocks down

502

DHAKA, July 2, 2019 (BSS) – Stock markets today closed of the week with downward trend due mainly to price fall in large-cap securities despite higher transactions.

The falling major sectors were insurance, financial institutions and banks. A total of 132 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 36.70 points down at 5,384.93. The Shariah DSES and the blue-chip DS30 also followed the same trend with 9.53 points down at 1,235.16 and with 16.51 points down at 1,912.58.

The daily trade rose to 14.62 crore shares from Sunday’s 12.93 crore shares and the day’s trade value at DSE decreased to Taka 482.71 crore from Taka 469.75 crore of the previous session.

At DSE, out of the day’s 353 securities, prices of 143 securities closed higher against 174 losing issues.

The major gaining issues were Runner Auto, 1STPRIMFMF, BPML, MIRACLEIND and CAPMIBBLMF while the major losing companies were SEMLFBSLGF, Global Insurance, ILFSL, Peoples Insurance and Prime Bank.

Runner Auto topped the turnover list followed by National Polymer, UPGDCL, BPML and ESQUIRENIT.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 122.21 points down at 16,512.

At CSE, 264 issues were traded. Of those, 115 closed higher and 126 closed lower when 1.29 crore shares worth Taka 54.17 crore changed hands.