Dhaka stocks down 23.64 points in Aug

The broader price index of Dhaka Stock Exchange (DSE) was 23.64 points down in August when market saw volatility amid mixed economic data, reports BSS.
The DSEX closed the last trading session of August at 4768.66 yesterday when the blue-chip and Shariah indices also finished lower at 1883.91 and 1826.97 respectively. The DS30 lost 56.94 points and the DSES 13.38 points in August.
Trading activities on DSE was highly unstable throughout the month because investors were changing portfolio due to lack of clear direction. Some of the economic data that came to the market were positive while some were less expected.
The authorities last week adjusted upward the gas and power prices, which drew mixed public reaction. The investors in the country's stock market, however, reacted positively, making power sector's issues the turnover leaders and advancing most of the energy securities at close.
Shares from textile, insurance, food and allied sectors suffered losses as well as the demand side was weak when a large number of investors became watchful ahead of third quarter financial results due next month. Some of them were also selling shares for cash to invest in the forthcoming IPOs.
Market analysts said the mixed economic data made investors largely shaky in making fresh investment decision, bringing the transaction as well as price indices down.
On Monday, the trade value at DSE was marginally up at Tk 351.17 crore while the trade volume was 4.72 per cent down at 8.16 crore shares. Out of the traded 316 securities, only 60 ended higher against 215 losing issues and 41 remained static.
Northern Jute, Reliance Insurance, 7th ICB Mutual Fund, HR Textile and Rahima Textile were the top five advancing issues when NBL, Tosrifa, GP Isphat, Meghna Condense Milk and ICBEPMF1S1 were the most five losing issues.
Squire Pharma topped the turnover list followed by Islami Bank, Lafarge Surma, Titas Gas and FAR Chemical.
Chittagong Stock Exchange (CSE) also closed August down when its major CSCX index losing over 50 points to finish the last trading session of August at 8881.66.
The marker was in favour of buyers as most of the trading sessions saw majority of the issues closing lower.
On Monday only 37 securities advanced when 170 declined and 35 remained unchanged.
The transaction was also limited as investors remained cautious. A total of 72.22 lakh shares worth Taka 23.63 crore changed hands on the day.

Dhaka stocks down 23.64 points in Aug

The broader price index of Dhaka Stock Exchange (DSE) was 23.64 points down in August when market saw volatility amid mixed economic data, reports BSS. The DSEX closed the last trading session of August at 4768.66 yesterday when the blue-chip and Shariah indices also finished lower at 1883.91 and 1826.97 respectively. The DS30 lost 56.94 points and the DSES 13.38 points in August. Trading activities on DSE was highly unstable throughout the month because investors were changing portfolio due to lack of clear direction. Some of the economic data that came to the market were positive while some were less expected. The authorities last week adjusted upward the gas and power prices, which drew mixed public reaction. The investors in the countrys stock market, however, reacted positively, making power sectors issues the turnover leaders and advancing most of the energy securities at close. Shares from textile, insurance, food and allied sectors suffered losses as well as the demand side was weak when a large number of investors became watchful ahead of third quarter financial results due next month. Some of them were also selling shares for cash to invest in the forthcoming IPOs. Market analysts said the mixed economic data made investors largely shaky in making fresh investment decision, bringing the transaction as well as price indices down. On Monday, the trade value at DSE was marginally up at Tk 351.17 crore while the trade volume was 4.72 per cent down at 8.16 crore shares. Out of the traded 316 securities, only 60 ended higher against 215 losing issues and 41 remained static. Northern Jute, Reliance Insurance, 7th ICB Mutual Fund, HR Textile and Rahima Textile were the top five advancing issues when NBL, Tosrifa, GP Isphat, Meghna Condense Milk and ICBEPMF1S1 were the most five losing issues. Squire Pharma topped the turnover list followed by Islami Bank, Lafarge Surma, Titas Gas and FAR Chemical. Chittagong Stock Exchange (CSE) also closed August down when its major CSCX index losing over 50 points to finish the last trading session of August at 8881.66. The marker was in favour of buyers as most of the trading sessions saw majority of the issues closing lower. On Monday only 37 securities advanced when 170 declined and 35 remained unchanged. The transaction was also limited as investors remained cautious. A total of 72.22 lakh shares worth Taka 23.63 crore changed hands on the day.