Price fall in large-cap drives stocks down

The country's both the bourses -- Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE)—on Wednesday plunged due to mainly price fall in large-cap securities.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down more than 23 points to settle at 6,371, reports BSS.

DSES, which represents Shariah-based companies, also saw a fractional loss of 0.20 points to 1,391. However, DS30, which consists of blue-chip companies, managed to gain 0.82 points to 2,172.

Turnover, a crucial indicator of the market, decreased to Taka 11,735.87 million which was Taka 16,464.19 million in the previous session of the week.

Losers took a strong lead over the gainers, as out of 395 issues traded, 278 saw price erosion, 79 closed higher, and 38 remained unchanged on the DSE trading floor.

The newly listed Best Holdings became the most traded share, with shares worth Taka 1.21 billion changing hands, followed by Lavello Ice-Cream, Fortune Shoes, Fu-Wang Ceramics, and Orion Infusion.

Central Pharma was the day's top gainer, posting a 10 percent rise, while Monno Fabrics was the worst loser, losing 8.01 percent.

The Chittagong Stock Exchange also ended lower with its All Shares Price Index (CASPI), losing 102 points to close at 18,398; and the CSE Selective Categories Index (CSCX) shed 63 points to close at 11,014.

Of the issues traded, 192 declined, 56 advanced, and 21 remained unchanged on the CSE.

The port city bourse traded 8.73 million shares and mutual fund units with a turnover value of Taka 442 million.