Largecap price fall drives stocks further down

DHAKA, Stock markets today plunged further with downward trends of all major indices due mainly to price fall in largecap securities.

The falling major sectors were banks, financial institutions and textile. A total of 182 securities of the largecap group moved down due to lower activities.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 55.54 points down at 5,375.29. The Shariah DSES and the bluechip DS30 also followed the same trend with 11.41 points down at 1,223.99 and with 15.70 points down at 1,889.39.

The day's trade value at DSE increased to Taka 535.28 crore from Sunday's Taka 534.31 crore and the daily trade rose to 16.11 crore shares from 15.13 crore shares of the previous session.

At DSE, out of the day's 353 securities, prices of 77 securities closed higher against 235 losing issues.

The major gaining issues were Eastern Insurance, Republic, Prime Insurance, Northern Insurance and Central Insurance. The major losing companies were One Bank, NBL, FAS Finance, RN Spinning and Zahin Textile.

UPGDCL topped the turnover list followed by Monno Ceramics, New Line, DSSL and SILCOPHL.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 135.62 points down at 16,488.82.

At CSE, 270 issues were traded. Of those, 69 closed higher and 180 closed lower when 85.69 lakh shares worth Taka 33.94 crore changed hands.

Source: Bangladesh Sangbad Sangstha (BSS)