Price fall in large-cap drives stocks down

Stocks on Sunday closed the first session of the week with a downward trend due to price fall mainly in large-cap securities.

The falling major sectors were financial institutions, insurance and engineering. A total of 84 securities of the large-cap group moved down due to lower activities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), also slumped 11.59 points or 0.21 per cent to settle at 5,404.80. Two other indices also ended lower. The DSE 30 Index comprising blue chips, lost 8.96 points to finish at 2,056.83 and the DSE Shariah Index (DSES) shed 3.03 points to close at 1,222.84.

Turnover, a crucial indicator of the market, stood at 6,606.427 million taka which was 7,460.298 million taka in the previous session.

Beximco was the most traded stock followed by Robi, BATBC, Summit Power and LankaBangla Finance.

ANWARGLAV was the day’s best performer, posting a gain of 9.99 per cent while Prime Finance First Mutual Fund was the worst loser, losing 6.09 per cent.

A total number of 103,794 trades were executed in the day’s trading session with a trading volume of 115.29 million shares and mutual fund units.

The Chittagong Stock Exchange (CSE) also kept losing with the CSE All Share Price Index, CASPI, shedding 46.80 points to settle at 15,603.80 and the Selective Categories Index, CSCX, losing 30.41 points to close at 9,410.74.

Of the issues traded, 80 declined, 74 advanced and 75 remained unchanged on the CSE.

The port city’s bourse traded 7.47 million shares and mutual fund units with a turnover value of 24.42 crore taka.

(BSS)