Stocks break 3-day gaining streak on correction

After showing upward trends in the previous three sessions, stock markets returned to red zone yesterday as issues across both Dhaka and Chittagong stock exchanges suffered correction, reports BSS.

The markets were upbeat in the last three days, taking the broader index at the prime bourse up at the close of every trading session since July 9.

The broader index of DSEX of the Dhaka Stock Exchange (DSE) closed the session of the week with 39.99 points down at 5,790.79. The blue-chip DS30 and the Shariah DSES also followed the same trend with 10.28 points down at 2,116.32 and with 5.16 points down at 1316.69 respectively.

The day's trade value at DSE decreased to Tk 914.29 crore from Tuesday's Tk 1320.69 crore and the daily trade also fell to 34.54 crore share from 48.03 crore shares of the previous session.

At DSE, out of the day's 330 securities, prices of 232 securities closed lower against 65 gaining issues. The major gaining issues were Generation Next, Fine Foods, Tung Hai, Asia Insurance and BD Auto Cares. The major losing issues were Progressive Life, BD Welding, Zeal Bangla, Beach Hatchery and Fu Wang Foods.

Keya Cosmetic topped the turnover followed by Generation Next, Ifad Autos, Fu Wang Foods and Beximco.

The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 166.95 points down at 17,947.22.

At CSE, 281 issues were traded. Of those, 54 closed higher and 212 closed lower while 2.47 crore shares worth Taka 56.99 crore changed hands.

Stocks break 3-day gaining streak on correction

After showing upward trends in the previous three sessions, stock markets returned to red zone yesterday as issues across both Dhaka and Chittagong stock exchanges suffered correction, reports BSS. The markets were upbeat in the last three days, taking the broader index at the prime bourse up at the close of every trading session since July 9. The broader index of DSEX of the Dhaka Stock Exchange (DSE) closed the session of the week with 39.99 points down at 5,790.79. The blue-chip DS30 and the Shariah DSES also followed the same trend with 10.28 points down at 2,116.32 and with 5.16 points down at 1316.69 respectively. The days trade value at DSE decreased to Tk 914.29 crore from Tuesdays Tk 1320.69 crore and the daily trade also fell to 34.54 crore share from 48.03 crore shares of the previous session. At DSE, out of the days 330 securities, prices of 232 securities closed lower against 65 gaining issues. The major gaining issues were Generation Next, Fine Foods, Tung Hai, Asia Insurance and BD Auto Cares. The major losing issues were Progressive Life, BD Welding, Zeal Bangla, Beach Hatchery and Fu Wang Foods. Keya Cosmetic topped the turnover followed by Generation Next, Ifad Autos, Fu Wang Foods and Beximco. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 166.95 points down at 17,947.22. At CSE, 281 issues were traded. Of those, 54 closed higher and 212 closed lower while 2.47 crore shares worth Taka 56.99 crore changed hands.