Stocks open week flat

Stock market opened week flat yesterday when daily transaction declined on lower demand, reports BSS.
The boarder DSEX index of Dhaka Stock Exchange (DSE) finished the first day of the week only 2 points down at 4,338.24, with the blue-chip DS30 and the Shariah DSES followed it to close at 1,663.52 and 1,057.48 respectively.
Chittagong Stock Exchange (CSE) also opened the week down, with its major CSCX index closing nearly 27 points down at 8102.70.
The daily turnover in volume at DSE fell by 15.87 per cent to 8.46 crore shares when the daily trade value decline by 26.24 per cent to Tk 307.51 crore.
Among the traded 317 issues at DSE, 143 closed lower against 132 gaining issues. At CSE, 104 issues lost when 80 finished the day higher.
The major gaining sectors were bank and textile when cement, engineering and telecom were the most losing sectors.
The top five gaining companies were Aziz Pipe, Zaheen Spinning, CMC Kamal, Sonargaon and Dacca Dying. The major losers included Central PHL, Beach Hatch, Zeal Bangla and GQ Ball Pen.
MJLBD topped the turnover list followed UPGDCL, IBN Sian, Doreen Power and Lafarge Surma.
Stock market closed last week down on Thursday on selling spree by profit-takers and the investors who were repositioning from large-cap to mid and small cap groups for minimising risk.
The boarder DSEX index of Dhaka Stock Exchange (DSE) was down by over 68 points or 1.55 per cent to finish the week at 4340.34.
The blue-chip DS30 also lost 17.20 points or 1.2 per cent to end at 1666.15.
The Shariah DSES followed the two indices, but with marginal fall as it closed only 8.06 points down at 1057.03.
Chittagong Stock Exchange (CSE) ended the week down, with its major CSCX index closing nearly 32 points down at 8130.54.
The daily average turnover in volume at DSE rose by 16.28 per cent to 9.83 crore shares, but the daily average trade value decline by 11.50 per cent to Tk 386.60 crore because of falling share prices across the board.
Analysts observed that the market saw higher sell pressure for profit-booking coupled with repositioning of a good number of investors.
It was seen during most of the trading sessions that large-cap shares were in the top turnover lists when mid and small cap group showed strength on higher demand.

Stocks open week flat

Stock market opened week flat yesterday when daily transaction declined on lower demand, reports BSS. The boarder DSEX index of Dhaka Stock Exchange (DSE) finished the first day of the week only 2 points down at 4,338.24, with the blue-chip DS30 and the Shariah DSES followed it to close at 1,663.52 and 1,057.48 respectively. Chittagong Stock Exchange (CSE) also opened the week down, with its major CSCX index closing nearly 27 points down at 8102.70. The daily turnover in volume at DSE fell by 15.87 per cent to 8.46 crore shares when the daily trade value decline by 26.24 per cent to Tk 307.51 crore. Among the traded 317 issues at DSE, 143 closed lower against 132 gaining issues. At CSE, 104 issues lost when 80 finished the day higher. The major gaining sectors were bank and textile when cement, engineering and telecom were the most losing sectors. The top five gaining companies were Aziz Pipe, Zaheen Spinning, CMC Kamal, Sonargaon and Dacca Dying. The major losers included Central PHL, Beach Hatch, Zeal Bangla and GQ Ball Pen. MJLBD topped the turnover list followed UPGDCL, IBN Sian, Doreen Power and Lafarge Surma. Stock market closed last week down on Thursday on selling spree by profit-takers and the investors who were repositioning from large-cap to mid and small cap groups for minimising risk. The boarder DSEX index of Dhaka Stock Exchange (DSE) was down by over 68 points or 1.55 per cent to finish the week at 4340.34. The blue-chip DS30 also lost 17.20 points or 1.2 per cent to end at 1666.15. The Shariah DSES followed the two indices, but with marginal fall as it closed only 8.06 points down at 1057.03. Chittagong Stock Exchange (CSE) ended the week down, with its major CSCX index closing nearly 32 points down at 8130.54. The daily average turnover in volume at DSE rose by 16.28 per cent to 9.83 crore shares, but the daily average trade value decline by 11.50 per cent to Tk 386.60 crore because of falling share prices across the board. Analysts observed that the market saw higher sell pressure for profit-booking coupled with repositioning of a good number of investors. It was seen during most of the trading sessions that large-cap shares were in the top turnover lists when mid and small cap group showed strength on higher demand.