Price fall in large-cap drives stocks further down

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

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 71.71 points or 1.23 percent to 5,762.68, reports BSS.

Two other indices also ended sharply lower with the DSE 30 Index, comprising blue chips, plunged 12.85 points to finish at 2,012.07 and the DSE Shariah Index (DSES) lost 14.82 points to close at 1,252.35.

Turnover, a crucial indicator of the market, increased to Taka 5,387.99 million, which was Taka 4,455.37 million at the previous session of the week.

Out of 396 issues traded, 321 declined, 38 advanced and 37 remained unchanged on the DSE trading floor.

CENTRALPHL topped the turnover chart, followed by ASIATICLAB, AIL, FUWANGCER and BESTHLDNG.

CENTRALPHL was the day's top gainer, posting 6.14 percent gain while IPDC was the worst loser, losing 9.27 per cent.

The Chittagong Stock Exchange (CSE) also ended sharply lower with the CSE All Share Price Index - CASPI -losing 124.29 points to settle at 16,579.84 and the Selective Categories Index - CSCX shedding 72.18 points to close at 9,956.21.

Of the issues traded, 167 declined, 40 advanced and 19 issues remained unchanged on the CSE.

The port city's bourse traded 24.19 lakh shares and mutual fund units with turnover value worth about Taka 10 crore.