Price fall as large-cap drives stocks down
Poriborton Correspondent 9:25 pm, August 16, 2017
Stock markets saw the day downward as major sectors closed the session with falling trend at both the Dhaka and Chittagong stock exchanges on Wednesday despite higher transactions. The falling major sectors were insurance, food and allied, pharmaceutical and chemical, ceramics and textile. A total of 194 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 38.35 points down at 5,883.24. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.48 points down at 1,303.91 and with 13.71 points down at 2112.33.
The day's trade value at DSE increased to Taka 836.38 crore from Sunday's Taka 777.91 crore and the daily trade rose to 25.84 crore shares from 25.81 crore shares of the previous session.
At DSE, out of the day's 331 securities, prices of 68 securities closed higher against 237 losing issues.
The major gaining issues were BBS Cables, Pubali Bank, Uttara Bank, Phoenix Finance and DBH. The major losing issues were Sunlife Insurance, Beach Hatchery, Imam Button, SP Ceramics and Dulamia Cotton.
BBS Cables topped the turnover list followed by Uttara Bank, IFIC, Ifad Autos and Pubali Bank.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 120.22 points down at 18,262.28.
At CSE, 252 issues were traded. Of those, 55 closed higher and 183 closed lower when 1.56 crore shares worth Taka 41.51 crore changed hands.
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