Stocks end week red amid correction

Stocks continued correction phase in the last trading week with a fall of 47.23 points as market participants remained watchful ahead of year-end corporate declaration, reports UNB.

Week-on-week basis, the total turnover at Dhaka Stock Exchange was Tk 2,138.48 crore, a decrease by 1.80 compared to the previous week.

The daily average turnover declined by 1.80 per cent to Tk 427.69 crore from Tk 435.51 crore in the previous week.

Meanwhile, the average trade volume increased by 1.3 per cent and the total number of trades saw a 7.3 per cent decrease.

Three out of five trading days this week closed red.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), lost 47.23 points or 0.76 per cent to finish the week at 6,182.79 points.

The two other indices also edged lower. The DSE Shariah Index also shed over by 10.02 points or 0.73 per cent to close at 1,366.56points.

The DS30 index, comprising blue chips, went down by 15.99 points or 0.71 per cent to settle at 2,231.19 points.

Among the large cap sectors, only Food & Allied registered positive movement with 0.11 per cent gain.

LankaBangla Securities, analysing last week’s market situation, said, “Index continued its correction phase this week with lower market participation.”

A total of 607,301,371 shares were traded last week against 599,322,282 shares in the previous week, a rise by 1.33 percent.

At the end of the week, market capitalisation decreased by 0.61 per cent to Tk 418,007.51 crore. The losers dominated gainers throughout the week with 93 issues advancing, 218 declining and 26 remaining unchanged.

EBL Securities Ltd, a stockbroker, said liquidity crisis in the market was apparent which drove the market turnover to plummet more.

The week ended in sluggish stance extending its bearish streak further as investors remained cautious throughout the week, it added.

Top gaining stocks of the week were Rupali Life (+17.22 per cent), Emerald Oil (+16.94 percent), Republic Insurance (+15.85 per cent), BRAC Bank (+11.78 per cent) and aamra networks limited (+11.61 per cent).

Conversely, top losing stocks were Dulamia Cotton (-14.29 per cent), Jute Spinners (-11.18 per cent) and Tung Hai (-10.74 per cent) and Samata Leather (10.35 per cent).

 

Stocks end week red amid correction

Stocks continued correction phase in the last trading week with a fall of 47.23 points as market participants remained watchful ahead of year-end corporate declaration, reports UNB. Week-on-week basis, the total turnover at Dhaka Stock Exchange was Tk 2,138.48 crore, a decrease by 1.80 compared to the previous week. The daily average turnover declined by 1.80 per cent to Tk 427.69 crore from Tk 435.51 crore in the previous week. Meanwhile, the average trade volume increased by 1.3 per cent and the total number of trades saw a 7.3 per cent decrease. Three out of five trading days this week closed red. DSEX, the prime index of the Dhaka Stock Exchange (DSE), lost 47.23 points or 0.76 per cent to finish the week at 6,182.79 points. The two other indices also edged lower. The DSE Shariah Index also shed over by 10.02 points or 0.73 per cent to close at 1,366.56points. The DS30 index, comprising blue chips, went down by 15.99 points or 0.71 per cent to settle at 2,231.19 points. Among the large cap sectors, only Food Allied registered positive movement with 0.11 per cent gain. LankaBangla Securities, analysing last weeks market situation, said, Index continued its correction phase this week with lower market participation. A total of 607,301,371 shares were traded last week against 599,322,282 shares in the previous week, a rise by 1.33 percent. At the end of the week, market capitalisation decreased by 0.61 per cent to Tk 418,007.51 crore. The losers dominated gainers throughout the week with 93 issues advancing, 218 declining and 26 remaining unchanged. EBL Securities Ltd, a stockbroker, said liquidity crisis in the market was apparent which drove the market turnover to plummet more. The week ended in sluggish stance extending its bearish streak further as investors remained cautious throughout the week, it added. Top gaining stocks of the week were Rupali Life (+17.22 per cent), Emerald Oil (+16.94 percent), Republic Insurance (+15.85 per cent), BRAC Bank (+11.78 per cent) and aamra networks limited (+11.61 per cent). Conversely, top losing stocks were Dulamia Cotton (-14.29 per cent), Jute Spinners (-11.18 per cent) and Tung Hai (-10.74 per cent) and Samata Leather (10.35 per cent).