Dhaka, Saturday, January 20, 2018

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Stocks fall for 5th straight day

DHAKA, Jan 10, 2018 (BSS) - Stocks fell for the 5th consecutive session on Wednesday 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 bank, textile, tannery industry and cement. A total of 162 securities of the large-cap group incurred loss due to lower activities.

The broader index DSEX of DSE finished the session of the week with 26.09 points down at 6,172.45. The Shariah DSES and the blue-chip DS30 also followed the same trend with 3.44 points down at 1,387.97 and with 9.28 points down at 2,253.50.

The daily turnover in value at DSE declined to Taka 439.31 crore from Tuesday's Taka 448.13 crore and the volume of shares decreased to 11.48 crore from 12.40 crore shares of the previous session.

At DSE, out of the day's 335 securities, prices of 104 securities closed higher against 189 losing issues.

The top five gaining companies were BD Auto Cars, ICBSONALI1, HFL, Aziz Pipes and SEMLIBBLSF. The major losers were ALIF, Lafarge Surma Cement, Legacy Foot, Berger PBL and UCB.

Ifad Autos topped the turnover list followed by ALIF, PTL, National Tubes and Lafarge Surma Cement. Chittagong Stock Exchange (CSE) also closed the day of the week with downward trends with its major CASPI 77.25 points down at 19,098.90. At CSE, 236 issues were traded. Of those, 57 closed higher and 143 closed lower when 80.16 lakh shares worth Taka 31.47 crore changed hands.