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Price fall in large-cap drives stocks down

Published : Monday, 30 November, 2020 at 9:53 PM  Count : 213

Price fall in large-cap drives stocks down

Price fall in large-cap drives stocks down

Stocks on Monday closed the day with downward trend due mainly to price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 14.98 points or 0.31 percent to settle at 4,866.84. Two other indices also ended lower. The DS30 index, comprising blue chips, lost 11.40 points to finish at 1,687.40 and the DSE Shariah Index shed 6.94 points to close at 1,113.98.

Turnover, a crucial indicator of the market, crossed the Taka 8 billion-mark, amounting to Taka 8.98 billion, which was higher than the previous day’s turnover of Taka 7.66 billion.

Losers took a strong lead over the gainers as out of 349 issues traded, 144 ended lower, 95 closed higher and 110 issues remained unchanged on the DSE trading floor.

Beximco Pharma continued to dominate the turnover chart, followed by Rupali Insurance, Beximco, SANDHANI Insurance and Pragati Insurance.

Kohinoor was the day’s best performer while Jute Spinning was the worst loser.

The Chittagong Stock Exchange (CSE) also ended lower with its All Shares Price Index (CASPI)-losing 46.70 points to close at 13,991.43 while the Selective Categories Index – CSCX shedding 26.14 points to close at 8,427.06.

Of the issues traded, 74 advanced, 115 declined and 56 remained unchanged on the CSE.

The port city bourse traded 9.52 million shares and mutual fund units with turnover value of Taka 24.66 crore.


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