Stocks continue to slump

Bangla Tribune Desk
Published : 17:10, Jul 22, 2019 | Updated : 17:28, Jul 22, 2019

FILE PHOTO/Mehedi HasanStocks o Monday witnessed another bearish session as all indices on Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) maintained downward trend due to lower activities of large-cap securities despite higher transactions, reports BSS.
The falling major sectors were food and allied, textile, jute and pharmaceuticals and chemicals. A total of 205 securities of large-cap group moved down due to lower activities.
DSEX, the broad index of the DSE, shed 67.31 points to close at 4,966.44. Two other indices followed the same trend as DS30 index, comprising blue chips, closed the day with 23.27 points down at 1,776.15 and the Shariah DSES closed the day with 18.34 points down at 1,139.15.
Out of 353 traded issues, 60 closed higher, 277 closed lower and 16 issues remained unchanged on the DSE trading floor.
The volume of shares rose to 166 million from Sunday’s 148.6 million shares and the daily turnover in value at DSE increased to Tk 4.64 billion from Sunday’s Tk 3.67 billion.
Five top gainers on DSE were Al-Haj Textile, SEMLFBSLGF, SEMLIBBLSF, PF1STMF and Union Capital. Emerald Oil, Meghna Condense Milk, CNA Textile, Jute Spinning and Imam Button were the top five losers.
Fortune shoes topped the turnover list followed by Square Pharma, UPGDCL, Federal Insurance and SEAPEARL. In the port city, CSE also maintained a downward as the CSE All Share Price Index – CASPI – closed the day with 200.18 points down at 15,215.28.
The losers dominated the day’s trading as 48 issues closed higher, 216 lower and 22 remained unchanged on the CSE trading floor.
CSE traded 8.83 million shares and mutual fund units worth more than Tk 211.7 million in turnover.