Stock markets open week flat

Stock markets opened week flat yesterday when all the price indices were down due to price fall in major securities. The daily turnover, however, remained at satisfactory level as some investors were buying for better positioning, reports BSS.
Dhaka Stock Exchange (DSE) closed the first week of 2016 flat after showing a short-lived bullish trend in consecutive two trading sessions.
The negative trend extended to this week, taking the broader DSEX marginally down at 4674.83 and the blue-chip DS30 to 1764.43 and the Shariah DSES to 1124.86.
Lanka Bangla Securities Limited said that the slowdown could be considered as an onset of consolidation. But, the total turnover of the market crossed Tk 600 crore, which could be considered satisfactory.
The daily turnover in value at DSE, however, fell by 5.50 per cent while the trade volume rose by nearly 5.0 per cent to 16.72 crore shares because of profit-booking selling. The sell pressure resulted in price fall in 135 issues though major portion of the traded securities closed higher.
A total of 145 scrips advanced moderately on the day, with Shurwid Industries, Zaheen Spinning, Peninsula, Tunghai and Kohinoor being the top five gaining companies. The major advancing sectors were bank, fuel and power, food and allied and telecom and textile.
Cement, NBFI and pharmaceutical were the major lagging sectors when the five most losing securities were Exim1st MF, Agrani Insurance, NTC, SA Port and IBN Sina.
UPGDCL topped the turnover list followed by ITC, Emerald Oil, KPCL, Beximco, BD Thai, Summit Power and SA Port.
Chittagong Stock Exchange (CSE) also opened the week in red, with its major CSCX index closing marginally down at 8680.50. Out of the 238 issues traded, 105 gained when 98 suffered moderate losses and 35 remained static.
The trade value, however, rose to Tk 41.84 crore from Thursday's Tk 39 crore when the trade volume increased to 1.31 crore shares from 1.22 crore of the previous session

Stock markets open week flat

Stock markets opened week flat yesterday when all the price indices were down due to price fall in major securities. The daily turnover, however, remained at satisfactory level as some investors were buying for better positioning, reports BSS. Dhaka Stock Exchange (DSE) closed the first week of 2016 flat after showing a short-lived bullish trend in consecutive two trading sessions. The negative trend extended to this week, taking the broader DSEX marginally down at 4674.83 and the blue-chip DS30 to 1764.43 and the Shariah DSES to 1124.86. Lanka Bangla Securities Limited said that the slowdown could be considered as an onset of consolidation. But, the total turnover of the market crossed Tk 600 crore, which could be considered satisfactory. The daily turnover in value at DSE, however, fell by 5.50 per cent while the trade volume rose by nearly 5.0 per cent to 16.72 crore shares because of profit-booking selling. The sell pressure resulted in price fall in 135 issues though major portion of the traded securities closed higher. A total of 145 scrips advanced moderately on the day, with Shurwid Industries, Zaheen Spinning, Peninsula, Tunghai and Kohinoor being the top five gaining companies. The major advancing sectors were bank, fuel and power, food and allied and telecom and textile. Cement, NBFI and pharmaceutical were the major lagging sectors when the five most losing securities were Exim1st MF, Agrani Insurance, NTC, SA Port and IBN Sina. UPGDCL topped the turnover list followed by ITC, Emerald Oil, KPCL, Beximco, BD Thai, Summit Power and SA Port. Chittagong Stock Exchange (CSE) also opened the week in red, with its major CSCX index closing marginally down at 8680.50. Out of the 238 issues traded, 105 gained when 98 suffered moderate losses and 35 remained static. The trade value, however, rose to Tk 41.84 crore from Thursdays Tk 39 crore when the trade volume increased to 1.31 crore shares from 1.22 crore of the previous session