Stocks maintain downtrend as major sectors dip

Dhaka, Tuesday, 12 December 2017

Stocks maintain downtrend as major sectors dip

Poriborton Correspondent 9:12 pm, August 09, 2017

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Stocks maintain downtrend as major sectors dip

Both the stock markets were down further on Wednesday as most of the major sectors closed lower with the falling trend of all indices. The major falling sectors were insurance, paper and printing and fuel and power. A total of 153 securities of the large-cap group incurred losses due to lower activities. 

The broader index DSEX of Dhaka Stock Exchange (DSE) closed the session with 7.55 points down at 5,890.13. The blue-chip DS30 and Shariah DSES also followed the same trend with 1.56 points down at 2121.22 and with 1.89 points down at 1311.25 respectively.

At DSE, out of the day's 329 securities, prices of 115 securities closed higher against 186 losing issues.

The day's trade value at DSE declined to Taka 866.10 from Tuesday's Taka 944.75 and the daily trade fell to 29.84 crore shares from 34.20 crore shares of the previous session.

The major gaining issues were BD Auto Cars, Peninsula Chittagong, National Tubes, BBS Cables and PTL. The major losing companies were National Life Insurance, SEMLLECMF, DBH1STMF and KPPL. Generation Next topped the turnover leaders followed by CAN Tex, Ifad Autos, BBS Cables and Confidence Cement.

Chittagong Stock Exchange (CSE) also finished Wednesday session in red, with major CASPI index closing 35.25 points down at 18,267.36. 

At CSE, 264 issues were traded. Of those, 89 closed higher and 151 closed lower while 2.06 crore shares worth Taka 52.75 crore changed hands.

/MR/

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