DSEX dips below 4700 points

Stock market ended another week lower after incurring loss to majority of the traded issues as investors were mostly on the selling side to cash in short term profit, with taking relatively safer position, reports BSS.
The broader index at Dhaka Stock Exchange (DSE) closed the week below 4700 points mark at 4676.62 after losing over 40 points at the last session. The cumulative loss to the DSEX during the week, however, was 104.73 points or 2.19 per cent compared to last week’s close.
Stock faltered heavily closing the week below 4700 mark as selling frenzy continued to mar the investors’ confidence. Selling pressure on large cap stocks continued to
batter market sentiment, said Lanka Bangla Securities Limited (LBSL).
It further said that the investors were eyeing on sector specific stocks to take position as the earnings season directed the market movement. Resultantly, the blue-chip DS30 also closed the week around 50 points or 2.73 per cent down at 1766.50.
The Shariah DSES too ended the week 34.89 points or 3.03 per cent lower at 1114.84.
Slide in the market giant Grameen Phone (GP) and Lafarge Surma Cement extended to the week’s close. The market heavyweight GP faced 4.54 per cent fall to close the week at 244.5 when Lafarge Surma was 6.68 per cent down at 89.80.  The sharp fall in share prices of the two companies which together hold about 17 per cent of the total market capitalisation caused major drag to the indices, with weakening investors’ confidence, said IDLC Investment Limited.  
At the same time, over 323 per cent rise in the debutant KDS Accessories yielded sharp return and attracted fund from other securities, causing price fall across the board. The focus on the new issue also helped rise market activities in terms of trade value, which shrunk three-month low on Wednesday.  On the last day of the week, the daily turnover rose by nearly 31 percent to Tk 404.49 crore when the volume was 22.64 percent up at 11.50 crore shares.  Most of the sectors, including bank, fuel and power, cement, mutual fund, telecom and textile decreased while food and allied and pharma were up moderately.
The average weekly trade value was up by 1.22 per cent to Tk 383.57 crore when the average trade volume rose by 4.28 per cent to 590 crore shares.
 The marginal rise in the daily transaction was a result of profit-booking and repositioning of some investors, seeking better position and cashing in.  
The major gaining sectors of the week were mutual fund (0.18 per cent), bank (0.09 per cent) and food and allied (1.60 per cent) and the major losing sectors were telecommunication (-13.93 per cent), cement (-7.30 per cent) and NBFI (-5.78 per cent).
The major gaining companies were Aziz Pipes (36.2 per cent), LR Global MFI (12.5 per cent), Zahin Textile (11.0 per cent), and MHSML (9.3 per cent). The major losing companies were Emerald Oil (6.6 per cent) MBL 1stMF (-7.1 per cent) and Jamuna Bank (-7.2 per cent).
Like DSE, Chittagong Stock Exchange (CSE) closed the week lower, with major CSCX index losing over 77 points to 8711.71.
Out of the traded 228 issues, only 31 securities closed higher against 132 losing issues when the daily trade value was Tk 35.54 crore for 89.08
crore shares.

DSEX dips below 4700 points

Stock market ended another week lower after incurring loss to majority of the traded issues as investors were mostly on the selling side to cash in short term profit, with taking relatively safer position, reports BSS. The broader index at Dhaka Stock Exchange (DSE) closed the week below 4700 points mark at 4676.62 after losing over 40 points at the last session. The cumulative loss to the DSEX during the week, however, was 104.73 points or 2.19 per cent compared to last weeks close. Stock faltered heavily closing the week below 4700 mark as selling frenzy continued to mar the investors confidence. Selling pressure on large cap stocks continued to batter market sentiment, said Lanka Bangla Securities Limited (LBSL). It further said that the investors were eyeing on sector specific stocks to take position as the earnings season directed the market movement. Resultantly, the blue-chip DS30 also closed the week around 50 points or 2.73 per cent down at 1766.50. The Shariah DSES too ended the week 34.89 points or 3.03 per cent lower at 1114.84. Slide in the market giant Grameen Phone (GP) and Lafarge Surma Cement extended to the weeks close. The market heavyweight GP faced 4.54 per cent fall to close the week at 244.5 when Lafarge Surma was 6.68 per cent down at 89.80. The sharp fall in share prices of the two companies which together hold about 17 per cent of the total market capitalisation caused major drag to the indices, with weakening investors confidence, said IDLC Investment Limited. At the same time, over 323 per cent rise in the debutant KDS Accessories yielded sharp return and attracted fund from other securities, causing price fall across the board. The focus on the new issue also helped rise market activities in terms of trade value, which shrunk three-month low on Wednesday. On the last day of the week, the daily turnover rose by nearly 31 percent to Tk 404.49 crore when the volume was 22.64 percent up at 11.50 crore shares. Most of the sectors, including bank, fuel and power, cement, mutual fund, telecom and textile decreased while food and allied and pharma were up moderately. The average weekly trade value was up by 1.22 per cent to Tk 383.57 crore when the average trade volume rose by 4.28 per cent to 590 crore shares. The marginal rise in the daily transaction was a result of profit-booking and repositioning of some investors, seeking better position and cashing in. The major gaining sectors of the week were mutual fund (0.18 per cent), bank (0.09 per cent) and food and allied (1.60 per cent) and the major losing sectors were telecommunication (-13.93 per cent), cement (-7.30 per cent) and NBFI (-5.78 per cent). The major gaining companies were Aziz Pipes (36.2 per cent), LR Global MFI (12.5 per cent), Zahin Textile (11.0 per cent), and MHSML (9.3 per cent). The major losing companies were Emerald Oil (6.6 per cent) MBL 1stMF (-7.1 per cent) and Jamuna Bank (-7.2 per cent). Like DSE, Chittagong Stock Exchange (CSE) closed the week lower, with major CSCX index losing over 77 points to 8711.71. Out of the traded 228 issues, only 31 securities closed higher against 132 losing issues when the daily trade value was Tk 35.54 crore for 89.08 crore shares.