DSEX hits 3-month low to close week

The broader price index of Dhaka Stock Exchange (DSE) hit over three months low to close the week yesterday due to mainly price fall in large-cap securities, reports BSS.
DSEX finished the week just over 4500-point mark at 4502.16, which was the lowest after 4503.98 on June 22, 2015. The cumulated loss to the index in the five trading sessions of the week ended day was 62.33 or 1.41 per cent.
The loss to the two selective indices, however, was lower than the general index. Compared to last week’s close, the blue-chip DS30 lost 14.61 points to end at 1711.36 when the Shariah DSES fell by 7.83 points to 1084.48.
The daily average turnover in value fell by 14.36 per cent to Tk 300 crore when the average volume declined by 21.85 per cent to 8.05 crore shares.
DSE showed recovery trend for two days on Monday and Tuesday, bringing in a short-sustained positive vibe amid continuing slide in share prices. Market analysts said the modest positive trend was a result of news about possible extension of time limit for banking sector for adjustment of over exposure to the capital market.
The extension of deadline for pharmaceutical sectors on compliance issues on the global market was also encouraging for investors.
Another major economic update was the new peak of the foreign exchange reserve that crossed $27 billion to reach at $27.05 billion.
The negative spell returned to the market on Wednesday when a daylong dull trend caused price fall across the board. Most of the issues traded also incurred loss on Thursday, the last trading day of the week.
“The weakness on market was due to heavy sell pressure on large cap stocks”, said Lanka Bangla Securities Limited (LSBD).
Among the heavyweights, Titas Gas lost 9.8 per cent this week, which had an impact on the broad market. Engineering, fuel and power and pharmaceuticals were the sector movers this week.
The major gaining sectors of the week included engineering gained 2.17 per cent followed by telecommunication 1.18 per cent, cement 1.09 per cent and NBFI 0.31 per cent.
The major losing sectors were fuel and power -3.86 per cent, textile -3.52 per cent and bank -1.77 per cent.
The major gaining companies were 3RD ICB (22.6 per cent), Aziz Pipes (20.6 per cent), Ifad Autos (13.3 per cent), and Midas Finance 12.8 per cent. The major losing companies were Zeal Bangla -25.8 per cent, BD Autocars -24.6 per cent and Samata Leather -21.3 per cent.
On the last day of the week, Ifad Autos topped the turnover list followed by Titas Gas, Apollo Ispat, BSRM Limited and Squire Pharma.
Chittagong Stock Exchange (CSE) closed week lower yesterday, with its major CSCX losing over 27.84 points to finish at 8367.86.
Out of the day’s 239 issues traded, only 63 gained and 138 incurred losses when over 64 lakh shares changed hands for Tk 22.33 crore.

DSEX hits 3-month low to close week

The broader price index of Dhaka Stock Exchange (DSE) hit over three months low to close the week yesterday due to mainly price fall in large-cap securities, reports BSS. DSEX finished the week just over 4500-point mark at 4502.16, which was the lowest after 4503.98 on June 22, 2015. The cumulated loss to the index in the five trading sessions of the week ended day was 62.33 or 1.41 per cent. The loss to the two selective indices, however, was lower than the general index. Compared to last weeks close, the blue-chip DS30 lost 14.61 points to end at 1711.36 when the Shariah DSES fell by 7.83 points to 1084.48. The daily average turnover in value fell by 14.36 per cent to Tk 300 crore when the average volume declined by 21.85 per cent to 8.05 crore shares. DSE showed recovery trend for two days on Monday and Tuesday, bringing in a short-sustained positive vibe amid continuing slide in share prices. Market analysts said the modest positive trend was a result of news about possible extension of time limit for banking sector for adjustment of over exposure to the capital market. The extension of deadline for pharmaceutical sectors on compliance issues on the global market was also encouraging for investors. Another major economic update was the new peak of the foreign exchange reserve that crossed $27 billion to reach at $27.05 billion. The negative spell returned to the market on Wednesday when a daylong dull trend caused price fall across the board. Most of the issues traded also incurred loss on Thursday, the last trading day of the week. The weakness on market was due to heavy sell pressure on large cap stocks, said Lanka Bangla Securities Limited (LSBD). Among the heavyweights, Titas Gas lost 9.8 per cent this week, which had an impact on the broad market. Engineering, fuel and power and pharmaceuticals were the sector movers this week. The major gaining sectors of the week included engineering gained 2.17 per cent followed by telecommunication 1.18 per cent, cement 1.09 per cent and NBFI 0.31 per cent. The major losing sectors were fuel and power -3.86 per cent, textile -3.52 per cent and bank -1.77 per cent. The major gaining companies were 3RD ICB (22.6 per cent), Aziz Pipes (20.6 per cent), Ifad Autos (13.3 per cent), and Midas Finance 12.8 per cent. The major losing companies were Zeal Bangla -25.8 per cent, BD Autocars -24.6 per cent and Samata Leather -21.3 per cent. On the last day of the week, Ifad Autos topped the turnover list followed by Titas Gas, Apollo Ispat, BSRM Limited and Squire Pharma. Chittagong Stock Exchange (CSE) closed week lower yesterday, with its major CSCX losing over 27.84 points to finish at 8367.86. Out of the days 239 issues traded, only 63 gained and 138 incurred losses when over 64 lakh shares changed hands for Tk 22.33 crore.