Stocks open week in positive mode

Stocks extended the gaining streak yesterday to open week in positive mode when all the market indicators closed the session in green.
The stock market also finished last week on Thursday upward, reports BSS.
The DSEX index of Dhaka Stock Exchange (DSE) maintained uptrend on the opening day of the week, with 13.70 points gains to finish at 4654.74 when the blue-chip DS30 closed the day at 1777.51 and the Shariah DSES ended at 1125.48. “The recent strength on DSE partly reflects bargain hunting on the heels of the recent weakness, which came amid concerns about the economic outlook,” said Lanka Bangla Securities Limited.
Market activities were higher before mid-day that pushed the prices of the majority of the traded issues up. Out of the day’s 319 issues traded, 171 gained, 96 incurred loss and 52 remained static. Cement, NBFI and textile sectors advanced considerably when the major gaining securities were Hakkani Pulp, Apex Spinning, Global Ins, Federal Ins and Republic Insurance.
The major lagging sectors included bank, fuel and power and telecom while the most losing scrips were Quasem Drycell, Gemini Sea Food, Libra Infusion, Aramit and Orion Infusion.
The daily transactions, however, declined as the early hours’ upward move was partly offset by the mild pull back seen during the last hour of the session. The daily trade value was nearly 8.0 per cent down to Tk 557.63 crore and the volume was 6.42 per cent lower to 13.44 crore shares.
Quasem Drycell topped the turnover list followed by BSRM Steel, Square Pharma, MI Cement, Delta Life, SAIF POWER and Beximco Pharma.
Chittagong Stock Exchange (CSE) also opened the week upwards yesterday, with its major CSCX finishing the 12.36 points higher at 8664.09.
Most of the issues traded, however, closed lower on the last trading day of the week as the sellers were active for profit-booking. Out of the day’s 247 issues traded, 140 finished higher against 70 advancing and 37 static issues.
The daily trade value rose to Tk 39.10 crore and the volume marginally increased to 1.07 crore shares.

Stocks open week in positive mode

Stocks extended the gaining streak yesterday to open week in positive mode when all the market indicators closed the session in green. The stock market also finished last week on Thursday upward, reports BSS. The DSEX index of Dhaka Stock Exchange (DSE) maintained uptrend on the opening day of the week, with 13.70 points gains to finish at 4654.74 when the blue-chip DS30 closed the day at 1777.51 and the Shariah DSES ended at 1125.48. The recent strength on DSE partly reflects bargain hunting on the heels of the recent weakness, which came amid concerns about the economic outlook, said Lanka Bangla Securities Limited. Market activities were higher before mid-day that pushed the prices of the majority of the traded issues up. Out of the days 319 issues traded, 171 gained, 96 incurred loss and 52 remained static. Cement, NBFI and textile sectors advanced considerably when the major gaining securities were Hakkani Pulp, Apex Spinning, Global Ins, Federal Ins and Republic Insurance. The major lagging sectors included bank, fuel and power and telecom while the most losing scrips were Quasem Drycell, Gemini Sea Food, Libra Infusion, Aramit and Orion Infusion. The daily transactions, however, declined as the early hours upward move was partly offset by the mild pull back seen during the last hour of the session. The daily trade value was nearly 8.0 per cent down to Tk 557.63 crore and the volume was 6.42 per cent lower to 13.44 crore shares. Quasem Drycell topped the turnover list followed by BSRM Steel, Square Pharma, MI Cement, Delta Life, SAIF POWER and Beximco Pharma. Chittagong Stock Exchange (CSE) also opened the week upwards yesterday, with its major CSCX finishing the 12.36 points higher at 8664.09. Most of the issues traded, however, closed lower on the last trading day of the week as the sellers were active for profit-booking. Out of the days 247 issues traded, 140 finished higher against 70 advancing and 37 static issues. The daily trade value rose to Tk 39.10 crore and the volume marginally increased to 1.07 crore shares.