Large-cap price fall drives stocks further down


DHAKA, Nov 28, 2017 (BSS) – Stock markets plunged further on Tuesday with downward trends of all major indices due mainly to price fall in large-cap securities.

The falling major sectors were food and allied, bank, engineering and pharmaceuticals and chemicals. A total of 125 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 29.88 points down at 6,272.57. The Shariah DSES and the blue-chip DS30 also followed the same trend with 5.67 points down at 1,381.31 and with 12.41 points down at 2,255.22.

The day’s trade value at DSE decreased to Taka 813.20 crore from Monday’s Taka 928.91 crore and the daily trade declined to 24.12 crore shares from 26.91 crore shares of the previous session.

At DSE, out of the day’s 332 securities, prices of 133 securities closed higher against 162 losing issues.

The major gaining issues were Tosrifa, Wata Chemical, GHAIL, Style Craft and DSSL. The major losing companies were RD Food, Shahjalal Bank, Atlas Bank MBL1STMF and Imam Button.

UPGDCL topped the turnover list followed by Standard Bank, AB Bank, Ghail and CMC Kamal. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 92.10 points down at 19,415.04.

At CSE, 251 issues were traded. Of those, 85 closed higher and 140 closed lower when 1.52 crore shares worth Taka 45.28 crore changed hands.