Dhaka, Monday, April 24, 2017

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Stocks maintain downtrend as major sectors dip

DHAKA, April 19, 2017 (BSS) - Both the stock markets were down further on Wednesday with all indices sliding down as most of the major sectors closed lower.

Among the falling major sectors included banks, insurance and financial institutions. A total of 120 securities of the large-cap group incurred losses due to lower activities.

The broader index DSEX of Dhaka Stock Exchange (DSE) closed the session with 16.42 points down at 5,555.10. The blue-chip DS30 and Shariah DSES also followed the same trend with 1.01 points down at 2055.17 and with 2.83 points down at 1279.71 respectively.

At DSE, out of the day's 327 securities, prices of 144 securities closed higher against 146 losing issues.

The day's trade value at DSE declined to Taka 684.18 from Tuesday's Taka 705.71. But the daily trade increased to 22.18 crore shares from 20.70 crore shares of the previous session.

The major gaining issues were Islamic Finance, BDCOM, Northern Jute, Hakkani Pul and Phenix Insurance. The major losing companies were Al-Arafah Islami Bank, Dhaka Insurance, First Finance, BD Auto Cars and Shyampur Sugar.

SPCL topped the turnover leaders followed by Lanka Bangla Finance, SAIF Power, BDCOM and City Bank.

Chittagong Stock Exchange (CSE) also finished Monday's session in red, with major CASPI index closing 31.52 points down at 17,223.95.

Out of the traded 233 issues, 102 advanced, 108 incurred losses and 23 remained static when 2.02 crore shares worth Taka 53.38 crore changed hands.