Falling large cap prices push stocks down
Stocks have trended downward today mainly due to falling prices of large cap stocks.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), lost 64.38 points or 0.92% to close at 6,920.
Two other indices also ended lower. The DSE 30 index, made up of blue chips, lost 28.10 points to end at 2,604 and the DSE Shariah Index (DSES) lost 8.05 points to close at 1,467.
Turnover, a crucial indicator of the market, stood at Tk 11.48 billion, 10 percent above the previous day’s tally of Tk 10.43 billion.
The losers took a solid lead over the winners, as out of 376 issues traded, 242 fell, 99 advanced and 35 remained unchanged on the DSE trading floor.
ONE Bank, which lost 9.83 percent, was the most traded stock with shares valued at Tk 884 million changing hands, followed by Beximco, Saif Powertec, Sonali Papers and Fortune Shoes.
The Chittagong Stock Exchange (CSE) also ended sharply lower the CSE All-Share Price Index – CASPI – losing 196 points to settle at 20,265 and the selective categories index – CSCX, losing 118 points to close. to 12 176.
Of the issues traded, 199 declined, 84 advanced and 14 remained unchanged on the CSE. The Port City Stock Exchange traded 14.56 million shares and mutual fund units with a turnover of Tk 430 million.