Stocks maintain downtrend as major sector dip
04:23 AM 2017-03-01 658
Both the stock markets were down further on Tuesday with all indices sliding down as most of the major sectors closed lower.
Among the falling major sectors were financial institution, engineering and textile when 117 securities of the large-cap group incurred losses due to lower activities.
Pharmaceuticals and Chemical and insurance sectors advanced at the day's closing marginally.
The major DSEX index of Dhaka Stock Exchange (DSE) decreased 7.55 points to close at 5,612.70, when the blue-chip DS30 and Shariah DSES finished the day 3.85 points down to 2025.83 and 1.83 points down to 1,305.64 respectively. Out of 329 traded issues, 136 incurred loss when only 139 closed with some gains. Most of the losing issues were from large-cap securities.
The day's trade value at DSE increased to Taka 1,152.44 crore from Monday's Taka 1,020.29 crore on selling of large-cap securities and the daily trade also rose to 31.22 crore shares from 27.34 crore shares of the previous session.
Salvo Chemical, Active Fine, Central Insurance, ICB AMCL 2nd and Premier Leasing were the day's top gainers while the major losers were IPDC, Atlas Bangladesh, Hwa Oil, Central PHL and IFAD Autos. Active Fine topped the turnover list followed by Beximco Limited, Lanka Bangla Finance, Islami Bank and Central Pharma.
Like on Monday, Chittagong Stock Exchange (CSE) also finished Tuesday's session in red, with major CASPI index closing 14.35 points down at 17,375.73. Out of the traded 257 issues, 109 advanced, 115 incurred loss and 33 remained static when 3.39 crore shares worth Taka 93.29 crore changed hands.