Stocks see downward trend

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Bangla Tribune Desk
Published : 18:38, Feb 26, 2019 | Updated : 18:39, Feb 26, 2019

File photo shows a general view of the Dhaka Stock Exchange building.Stock markets closed on Tuesday (Feb 26) with downward trend due mainly to price fall in large-cap securities.

The falling major sectors were food and allied, textile, jute and tannery industry. A total of 149 securities of the large-cap group moved down due to lower activities, reports BSS.

The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 17.15 points down at 5,738.64. The Shariah DSES and the blue-chip DS30 also followed the same trend with 0.23 point down at 1,319.73 and with 2.33 points down at 2,014.41.

The daily trade increased to 132.4 million shares from Monday’s 132 million shares. But the day’s trade value at DSE fell to Taka 6.79 billion from Taka 7.18 billion of the previous session.

At DSE, out of the day’s 346 securities, prices of 113 securities closed higher against 194 losing issues.

The major gaining issues were Takaful Insurance, Provati Insurance, Asian Insurance, Rahim Textile and Sonar Bangla Insurance. The major losing companies were Emerald Oil, Tallu Spinning, Jute Spinning, Legacy Foot and Shyampur Sugar.

Square Pharma topped the turnover list followed by UPGDCL, Fortune, Monno Ceramics and Sonar Bangla Insurance. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 58.68 points down at 17,534.60.

At CSE, 269 issues were traded. Of those, 75 closed higher and 164 closed lower when over 6 million shares worth Taka 203.5 million changed hands.

/hm/
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