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Big-cap price fall drives stocks further down

WT24 Desk

Stock markets today plunged further with downward trends of all major indices due mainly to price fall in large-cap securities, Agencies report.

The falling major sectors were pharmaceuticals and chemicals, financial
institutions, bank, ceramics and food and allied. A total of 199 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
60.55 points down at 5,248.92. The Shariah DSES and the blue-chip DS30 also followed the same trend with 16.43 points down at 1,212.37 and with 24.54 points down at 1,876.81.

The day’s trade value at DSE decreased to Taka 269.91 crore from
Monday’s Taka 296.02 crore. But, the daily trade rose to 6.57 crore shares
from 5.91 crore shares of the previous session.

At DSE, out of the day’s 344 securities, prices of 59 securities closed
higher against 253 losing issues.

The major gaining issues were Standard Ceramics, Premier Cement,
NAHEEACP, Padma Oil and Sino Bangla. The major losing companies were
RECKITTBEN, GSP Finance, Bank Asia, Monno Ceramics and Emerald Oil.

Monno Ceramics topped the turnover list followed by Fortune, BSCCL,
RCKITTBEN and Square Pharma.

The Chittagong Stock Exchange (CSE) closed the day of the week with
downward trend with its major CASPI 187.98 points down at 16,100.83.

At CSE, 218 issues were traded. Of those, 39 closed higher and 149
closed lower when 48.63 lakh shares worth Taka 11.56 crore changed hands.

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