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Friday, 18 October, 2024

Price fall in large-cap drives stocks further down

Express Report
  17 Oct 2024, 03:51

Stock prices both on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) plunged further on Wednesday due mainly to price falls in large-cap securities driven by profit-taking attitudes, brokers said.

The prime index of the DSE decreased by 49.75 points, settling at 5,316.21. The blue-chip index, DS30, a group of 30 prominent companies, saw a decrease of 15.75 points to 1,948, while the DSES Index, which represents Shariah-based companies, fell by 12.48 points to 1,182.88 by the end of the day.

Turnover, a crucial indicator of market activity, stood at Tk 2.96 billion, down 6.83 per cent from the previous trading day.

The majority of stocks experienced price declines, with 395 issues traded: 53 closed higher, 300 ended lower, and 42 remained unchanged on the DSE trading floor.

LOVELLO Ice Cream was the most-traded stocks, followed by Agni Systems, Techno Drugs Ltd., NRB Bank and Grameenphone.

The Chittagong Stock Exchange (CSE) also closed lower, with its All Share Price Index (CASPI) losing 75.32 points to settle at 14,972, while the Selective Categories Index (CSCX) dropped by 43.5 points to 9,100.

The port city bourse traded 6.71 million shares and mutual fund units, with a turnover volume of Taka 79.6 million.

Comments

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Price fall in large-cap drives stocks further down

Express Report
  17 Oct 2024, 03:51

Stock prices both on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) plunged further on Wednesday due mainly to price falls in large-cap securities driven by profit-taking attitudes, brokers said.

The prime index of the DSE decreased by 49.75 points, settling at 5,316.21. The blue-chip index, DS30, a group of 30 prominent companies, saw a decrease of 15.75 points to 1,948, while the DSES Index, which represents Shariah-based companies, fell by 12.48 points to 1,182.88 by the end of the day.

Turnover, a crucial indicator of market activity, stood at Tk 2.96 billion, down 6.83 per cent from the previous trading day.

The majority of stocks experienced price declines, with 395 issues traded: 53 closed higher, 300 ended lower, and 42 remained unchanged on the DSE trading floor.

LOVELLO Ice Cream was the most-traded stocks, followed by Agni Systems, Techno Drugs Ltd., NRB Bank and Grameenphone.

The Chittagong Stock Exchange (CSE) also closed lower, with its All Share Price Index (CASPI) losing 75.32 points to settle at 14,972, while the Selective Categories Index (CSCX) dropped by 43.5 points to 9,100.

The port city bourse traded 6.71 million shares and mutual fund units, with a turnover volume of Taka 79.6 million.

Comments

DCCI for streamlining supply chain ecosystem to contain food inflation
Govt waives VAT on production, trading of cooking oil
Egg Supply Resumes, but Traders Report Significant Losses
Food Prices Drive India's Retail Inflation to Nine-Month High
Chief Adviser seeks more US investment in Bangladesh