Stocks ease up amid consolidation

Stock market eased up yesterday amid consolidation when investors showed moderate activities at the later part of the day, increasing the daily transaction at the country’s twin bourses, reports BSS.
The broader index at Dhaka Stock Exchange (DSE) inched up to 4585.04, but it ended in red at Chittagong Stock Exchange (CSE) while closing over 11 points down at 8588.05.
The two selective indices of DSE - the blue-chip DS30 and Shariah DSES - also closed flat in green at 1761.47 and 1761.47 respectively.
Like Sunday, the losers heavily outnumbered the gainers at the two stock exchanges, with 102 up, 184 down and 37 unchanged at DSE; and 75 up, 145 down and 32 static in CSE. However, the number of gaining securities increased at the two stock exchanges on little increase in transactions.
Market revived its stance last week after experiencing a three week losing spell, reaching the green zone.
But the rebounding trend did not get enough strength to sustain at the week’s opening due to lack of buying support when sell pressure was high.
On Monday benchmark index crept up into positive territory to close the market flat amid consolidation, said Lanka Bangla Securities Limited, noting that growth stocks were on the top list of the buyers’ interest.
On DSE, the daily trade value rose by 4.24 per cent to Tk 445.75 crore when the trade volume was up by nearly 10.0 per cent to 10.13 crore shares.
At CSE, the trade value rose to Tk 27.54 crore from Sunday’s Tk 26.37 crore when the trade volume increased to 89 lakh shares from 76 lakh shares of the previous day.
Mainly food and allied, engineering, pharma and financial stocks drove the market when Prime Life, Gemini Sea Food, BD Finance and Libra Infusion were the top five advancing securities.
Fuel and power, NBFI and textile were the major lagging sectors, with Savar Ref, Reliance Insurance, Sonar Bangla Insurance, Dulamia Cotton and All Tex losing most.
BSRM Limited topped the turnover list followed by Beximco Pharma, Squire Pharma, UPGDCL, BSRM Steel, Singer BD, Aman Feed, Olympic and Ifad Autos.

 

Stocks ease up amid consolidation

Stock market eased up yesterday amid consolidation when investors showed moderate activities at the later part of the day, increasing the daily transaction at the countrys twin bourses, reports BSS. The broader index at Dhaka Stock Exchange (DSE) inched up to 4585.04, but it ended in red at Chittagong Stock Exchange (CSE) while closing over 11 points down at 8588.05. The two selective indices of DSE - the blue-chip DS30 and Shariah DSES - also closed flat in green at 1761.47 and 1761.47 respectively. Like Sunday, the losers heavily outnumbered the gainers at the two stock exchanges, with 102 up, 184 down and 37 unchanged at DSE; and 75 up, 145 down and 32 static in CSE. However, the number of gaining securities increased at the two stock exchanges on little increase in transactions. Market revived its stance last week after experiencing a three week losing spell, reaching the green zone. But the rebounding trend did not get enough strength to sustain at the weeks opening due to lack of buying support when sell pressure was high. On Monday benchmark index crept up into positive territory to close the market flat amid consolidation, said Lanka Bangla Securities Limited, noting that growth stocks were on the top list of the buyers interest. On DSE, the daily trade value rose by 4.24 per cent to Tk 445.75 crore when the trade volume was up by nearly 10.0 per cent to 10.13 crore shares. At CSE, the trade value rose to Tk 27.54 crore from Sundays Tk 26.37 crore when the trade volume increased to 89 lakh shares from 76 lakh shares of the previous day. Mainly food and allied, engineering, pharma and financial stocks drove the market when Prime Life, Gemini Sea Food, BD Finance and Libra Infusion were the top five advancing securities. Fuel and power, NBFI and textile were the major lagging sectors, with Savar Ref, Reliance Insurance, Sonar Bangla Insurance, Dulamia Cotton and All Tex losing most. BSRM Limited topped the turnover list followed by Beximco Pharma, Squire Pharma, UPGDCL, BSRM Steel, Singer BD, Aman Feed, Olympic and Ifad Autos.