Stocks close flat on strong banking share

Stock market closed flat yesterday despite persisting sale pressure as banking shares were firm to support the broader index at the prime Dhaka Stock Exchange (DSE), reports BSS.
DSEX increased 2.15 points to close at 4873.96 when the blue- chip DS30 and the Shariah DSES were down 15 and 5.01 points to finish at 1889.75 and 1202.90 respectively.
“Market came under pressure on profit booking in morning trade in continuation of selling pressure seen in closing period of previous trading. Price of construction material, pharma and telecom stocks skidded today when financial stocks supported the market to close with slight rebound,” said Lanka Bangla Securities Limited.
The trade value, however, fell by 2.79 per cent to Tk 902.37 crore and the volume by 10.96 per cent to 23.60 crore shares as investors became more cautious in changing their portfolio.
The cautious stand also made more issues losing across the board when gains to the advancing securities were moderate. Out of the day’s 321 issues traded, 137 gained against 155 lagging and 29 static issues.
The major advancing issues were Anwar Galvanizing, Rangpur Foundry, IFIC, Al-Haj Tex and Renwick Jajneswar. The major gaining sectors were bank, miscellaneous, NBFI and tannery.
The major losing securities were Daffodil Computer, United Air, Shasha Denim, PF1stMF and Navana CNG when cement and textile sectors lost most.
UPGDCL topped the turnover list followed by Islami Bank, Squire Pharma, Lafarge Surma, ACI and United Air.
Like on Tuesday, Chittagong Stock Exchange (CSE) closed mixed yesterday as its major CSCX and selective CSE30 indices ended up when the other selective CSE50 was down. The CSCX crossed 9100 points mark at close.
The market, however, was for buyers as 134 issues incurred loss against 98 gaining securities when the 2.23 crore shares worth Tk 7.68 crore were traded.

Stocks close flat on strong banking share

Stock market closed flat yesterday despite persisting sale pressure as banking shares were firm to support the broader index at the prime Dhaka Stock Exchange (DSE), reports BSS. DSEX increased 2.15 points to close at 4873.96 when the blue- chip DS30 and the Shariah DSES were down 15 and 5.01 points to finish at 1889.75 and 1202.90 respectively. Market came under pressure on profit booking in morning trade in continuation of selling pressure seen in closing period of previous trading. Price of construction material, pharma and telecom stocks skidded today when financial stocks supported the market to close with slight rebound, said Lanka Bangla Securities Limited. The trade value, however, fell by 2.79 per cent to Tk 902.37 crore and the volume by 10.96 per cent to 23.60 crore shares as investors became more cautious in changing their portfolio. The cautious stand also made more issues losing across the board when gains to the advancing securities were moderate. Out of the days 321 issues traded, 137 gained against 155 lagging and 29 static issues. The major advancing issues were Anwar Galvanizing, Rangpur Foundry, IFIC, Al-Haj Tex and Renwick Jajneswar. The major gaining sectors were bank, miscellaneous, NBFI and tannery. The major losing securities were Daffodil Computer, United Air, Shasha Denim, PF1stMF and Navana CNG when cement and textile sectors lost most. UPGDCL topped the turnover list followed by Islami Bank, Squire Pharma, Lafarge Surma, ACI and United Air. Like on Tuesday, Chittagong Stock Exchange (CSE) closed mixed yesterday as its major CSCX and selective CSE30 indices ended up when the other selective CSE50 was down. The CSCX crossed 9100 points mark at close. The market, however, was for buyers as 134 issues incurred loss against 98 gaining securities when the 2.23 crore shares worth Tk 7.68 crore were traded.