Alexa Price fall in large-caps drives stocks down

Dhaka, Tuesday   25 February 2020


Price fall in large-caps drives stocks down

 Economy Desk

 Published: 06:27 PM, 26 February 2019  

File Photo

File Photo

Stock markets closed on Tuesday with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were food and allied, textile, jute and tannery industry. A total of 149 securities of the large-cap group moved down due to lower activities.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 17.15 points down at 5,738.64. The Shariah DSES and the blue-chip DS30 also followed the same trend with 0.23 point down at 1,319.73 and with 2.33 points down at 2,014.41.

The daily trade increased to 13.24 crore shares from Monday’s 13.20 crore shares. But the day’s trade value at DSE fell to Taka 679.46 crore from Taka 718.25 crore of the previous session.

At DSE, out of the day’s 346 securities, prices of 113 securities closed higher against 194 losing issues.

The major gaining issues were Takaful Insurance, Provati Insurance, Asian Insurance, Rahim Textile and Sonar Bangla Insurance. The major losing companies were Emerald Oil, Tallu Spinning, Jute Spinning, Legacy Foot and Shyampur Sugar.

Square Pharma topped the turnover list followed by UPGDCL, Fortune, Monno Ceramics and Sonar Bangla Insurance. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 58.68 points down at 17,534.60.

At CSE, 269 issues were traded. Of those, 75 closed higher and 164 closed lower when 60.44 lakh shares worth Taka 20.35 crore changed hands.