Stocks close week up on recovery

Stock market closed week up through maintaining steady recovery for the third consecutive session yesterday, with gradual improvement in transactions in terms of both value and volume, reports BSS.
DSEX of Dhaka Stock Exchange (DSE) finished the week at 4357.53, which was 22.24 points up over the previous session, but was lower from last week’s close at 4370.49.
The broader index of the premier bourse began the week downward and sunk further on the following day before showing recovery trend at the third session that continued for the rest of the week.
Similarly, the blue-chip DS30 and the Shariah DSES finished the week up at 1648.95 and 1052.13 respectively after witnessing fall in the first two sessions of the week.
Chittagong Stock Exchange (CSE) also closed the week up, with showing strong recovery in its broader CSCX index that finished at 8140.85, advancing by 30 points over the last session.
The trade value at DSE was only Tk 278.81 crore on Sunday, the opening day of the week, but it rose significantly to Taka 412.96 crore on Thursday.
The daily trade volume was down in the first three trading sessions, but improved in the last two sessions, with increasing to 12.62 crore shares.
Accordingly, total daily turnover in volume on CSE rose to 1.02 crore shares yesterday from 81.59 lakh shares of the previous session when the trade value increased to Tk 35.17 crore from Tk 23 crore of the last session.
Majority of the issues traded at the two bourses closed higher on improved participation, with 158 securities on DSE and 115 issues on CSE gaining at close of the week. A total of 110 issues incurred loss on DSE at the last day of the week while 84 securities closed lower on CSE.
Market analysts attributed the gains to some positive news and movements of the market operators and regulatory authorities to give investors a clear direction.
“There were a couple of noteworthy economic releases, which grabbed the eyes of market players. Specifically, the government’s decision to reduce the price of furnace oil relating to global price level”, said Lanka Bangla Securities Limited.
Investors were mostly active around the large-cap securities during the week when all the major sectors gained. Bank, fuel & power, cement and pharmaceuticals were the market movers when textile and telecom sectors declined marginally.

Stocks close week up on recovery

Stock market closed week up through maintaining steady recovery for the third consecutive session yesterday, with gradual improvement in transactions in terms of both value and volume, reports BSS. DSEX of Dhaka Stock Exchange (DSE) finished the week at 4357.53, which was 22.24 points up over the previous session, but was lower from last weeks close at 4370.49. The broader index of the premier bourse began the week downward and sunk further on the following day before showing recovery trend at the third session that continued for the rest of the week. Similarly, the blue-chip DS30 and the Shariah DSES finished the week up at 1648.95 and 1052.13 respectively after witnessing fall in the first two sessions of the week. Chittagong Stock Exchange (CSE) also closed the week up, with showing strong recovery in its broader CSCX index that finished at 8140.85, advancing by 30 points over the last session. The trade value at DSE was only Tk 278.81 crore on Sunday, the opening day of the week, but it rose significantly to Taka 412.96 crore on Thursday. The daily trade volume was down in the first three trading sessions, but improved in the last two sessions, with increasing to 12.62 crore shares. Accordingly, total daily turnover in volume on CSE rose to 1.02 crore shares yesterday from 81.59 lakh shares of the previous session when the trade value increased to Tk 35.17 crore from Tk 23 crore of the last session. Majority of the issues traded at the two bourses closed higher on improved participation, with 158 securities on DSE and 115 issues on CSE gaining at close of the week. A total of 110 issues incurred loss on DSE at the last day of the week while 84 securities closed lower on CSE. Market analysts attributed the gains to some positive news and movements of the market operators and regulatory authorities to give investors a clear direction. There were a couple of noteworthy economic releases, which grabbed the eyes of market players. Specifically, the governments decision to reduce the price of furnace oil relating to global price level, said Lanka Bangla Securities Limited. Investors were mostly active around the large-cap securities during the week when all the major sectors gained. Bank, fuel power, cement and pharmaceuticals were the market movers when textile and telecom sectors declined marginally.