Dhaka, Saturday, January 20, 2018

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Stocks extend losing streak due to large-cap dip

DHAKA, Jan 8, 2017 (BSS) - Stocks witnessed yet a sluggish session on Monday as most indices on the country's both bourses-- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)-- witnessed a fall on lower activities of large-cap securities.

The major falling sectors were food and allied, textile, engineering and bank. A total of 170 securities of the large-cap group incurred loss due to lower activities.

The broader index DSEX of DSE finished the first session of the week with 57.92 points down at 6,210.50. The Shariah DSES and the blue-chip DS30 also followed the same trend with 8.23 points down at 1,394.64 and with 21.77 points down at 2,261.45.

The daily turnover in value at DSE declined to Taka 477.56 crore from Sunday's Taka 485 crore. But the volume of shares increased to 12.88 crore from 12.48 crore shares of the previous session.

At DSE, out of the day's 334 securities, prices of 67 securities closed higher against 213 losing issues.

The top five gaining companies were DSSL, PTL, SAPORTL, ACI Formula and BD Lamps while the major losers were Shyampur Sugar, ALIF, Dulamia Cotton, NAHEEACP and City Bank.

PTL topped the turnover list followed by City Bank, Ifad Autos, BRAC Bank and National Tubes.

Chittagong Stock Exchange (CSE) also closed the day of the week with downward trends with its major CASPI 165.15 points down at 19,228.75.

At CSE, 232 issues were traded. Of those, 53 closed higher and 141 closed lower when 1.21 crore shares worth Taka 40.12 crore changed hands.