Price fall in large-caps drives stocks down

Stock markets today opened the week with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were insurance, financial institutions, food and allied and textile. A total of 170 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 11.73 points down at 5,383.90. The Shariah DSES also followed the same trend with 1.85 points down at 1,231.43. But, the blue-chip DS30 closed the day with 2.33 points up at 1,896.72.

The daily trade fell to 10.05 crore shares from Thursday’s 13.38 crore shares and the day’s trade value at DSE decreased to Taka 338.20 crore from Taka 445.67 crore of the previous session.

At DSE, out of the day’s 349 securities, prices of 88 securities closed higher against 221 losing issues.

The major gaining issues were Central Insurance, 1STPRIMFMF, Global Insurance, RN Spinning and Sonali Ansh while the major losing companies were Popular Life, Midas Finance, BANGAS, ILFSL and New Line.

UPGDCL topped the turnover list followed by Eastern Insurance, Global Insurance, Fortune and Square Pharma.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 13.74 points down at 16,509.20.

At CSE, 251 issues were traded. Of those, 62 closed higher and 149 closed lower when 3.78 crore shares worth Taka 113.14 crore changed hands.