Price fall in large-cap drives stocks down

Price fall in large-cap drives stocks down

Both bourses of the country – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – plunged further due to mainly price fall in large-cap securities on Monday.

DSEX, the core index of the Dhaka Stock Exchange, went down by 49.08 points or 0.76% to settle at 6,357. Two other indices also ended lower. The DSE 30 Index, comprising blue chips, fell 15.37 points to finish at 2,314 and the DSE Shariah Index (DSES) lost 9.09 points to close at 1,388.

Turnover, the crucial indicator of the market, also dropped and amounted to Tk 8.22 billion, which was 8.15% lower than the previous day’s tally of Tk 8.95 billion.

Prices of more than 85% traded issues declined as out of 382 issues traded, 325 declined, 36 advanced and 19 issues remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth Tk 835 million changing hands, followed by JMI Hospital Requisite (Tk 421 million), Anwar galvanizing (Tk 347 million), Bangladesh Shipping Corporation (Tk 343 million) and Shinepukur Ceramics (Tk 248 million).

Meghna Insurance was the top gainer, posting a 9.90% gain while Asian Tiger Sandhani Life Growth Fund was the day’s worst loser, losing 2.0%.

The Chittagong Stock Exchange (CSE) also closed lower with the CSE All Share Price Index – CASPI -shedding 139 points to settle at 18,728 and the Selective Categories Index – CSCX – losing 83 points to close at 11,229.

Of the issues traded, 225 declined, 35 advanced and 27 issues remained unchanged on the CSE.

The port city’s bourse traded 18.40 million shares and mutual fund units with a turnover value worth nearly Tk 572 million.