Medical &Health

Price fall in large-cap drives stocks further down

DHAKA, April 12, 2017 (BSS) -Stock markets plunged further on Wednesday due to mainly price fall in large-cap securities. All the indices at Dhaka and Chittagong stock exchanges closed in red though at lower rate than the previous sessions.

The falling major sectors included bank and financial institutions. A total of 146 securities of the large-cap group moved down due to lower activities.

The border DSEX index of Dhaka Stock Exchange (DSE) closed the day with 37.08 points down at 5646.37. The Shariah DSES and the blue-chip DS30 also followed the same trend with 1.85 points down at 1298.54 and with 14.09 points down at 2093.60.

The day's trade value at DSE declined to Taka 714.84 crore from Tuesday's Taka 782.62 crore and the daily trade fell to 22.86 crore shares from 24.06 crore shares of the previous session.

At DSE, out of the day's 327 securities, prices of 120 securities closed higher against 170 losing issues.

The major gaining issues were Rahim Textile, Peoples Insurance, Eastern Cables, Regent Textile and Daffodil Computer. The major losing companies were EBL, IFIC, Union Capital, Premier Leasing and EBL NRB Mutual Fund.

Lanka Bangla Finance topped the turnover list followed by ETL, IFIC, Brac Bank and Beximco Pharma.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 105.61 points down at 17,494.83.

At CSE, 237 issues were traded. Of those, 87 closed higher and 115 closed lower when 2.03 crore shares worth Taka 47.25 crore changed hands.

Source: Bangladesh Sangbad Sangstha (BSS)