Price fall in large-cap drives stocks down

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – today plunged due to mainly price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 8.66 points or 0.14 percent to 6,290.99. Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 5.09 points to finish at 2,138.55 and the DSE Shariah Index (DSES) lost 1.76 point to close at 1,371.41.

Turnover, a crucial indicator of the market, decreased to Taka 3,915.38 million, which was Taka 5,400.93 million at the previous session of the week.

Out of 320 issues traded, 127 declined, 33 advanced and 160 remained unchanged on the DSE trading floor.

FUWANGFOOD topped the turnover chart, followed by EMERALDOIL, INTRACO, Rupali Life and GEMINISEA.

SKTRIMS was the day’s top gainer, posting 6.94 percent gain while SHYAMPSUG was the worst loser, losing 4.34 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index – CASPI -losing 23.24 points to settle at 18,605.74 and the Selective Categories Index – CSCX shedding 14.03 points to close at 11,122.48.

Of the issues traded, 64 declined, 20 advanced and 76 issues remained unchanged on the CSE.

The port city’s bourse traded 17.60 lakh shares and mutual fund units with turnover value worth about Taka 6.94 crore. (BSS)