DSE extends loss amid choppy trading

Dhaka Stock Exchange (DSE) extended loss yesterday due to volatile trading that caused fall in majority of issues traded, reports BSS.
The broader DSEX index of DSE lost 7.48 points to 4503.98 when the blue-chip DS30 and the Shariah DSES ended flat at 1733.00 and 1099.57 respectively.
“Market has not shown any sign of reversal yet. Investors haven’t exhibit much exuberance yesterday as market direction remained unclear”, said Lanka Bangla Securities Limited.
The securities company also said that continual choppy trading sessions in DSE made investors cautious and prompted to cash in on stock. As a result, daily transaction rose, but majority of the securities closed lower due to selling pressure.
The trade value increased by 23.43 per cent to Tk 380.51 crore when the volume rose by 19.12 per cent to 10.47 crore shares against Sunday’s 8.79 crore shares worth Tk 308 crore.
“Investors kept their focus on scrip wise strategies,  trying to locate undervalued investment opportunities throughout the market”, said IDLC Investment Limited.
The focused transaction made some sectors gainers amid choppy trading. The sectors included food and allied,
NBFI and fuel and power. The major advancing securities were Hakkani Pulp, FBFIF, Dacca Dye, ICB 1stNRB and Shurwid Industries.
The total number of gaining securities was 114 when 154 incurred losses and 43 remained unchanged at close among 311 issues traded. Modern Dying,
Jute Spinning, Anwar Galvanising, Miracle Industries and Bank Asia were the day’s major losers when cement, bank and telecom were the most lagging sectors.
Titas Gas topped the turnover list followed by United Air, Beximco Pharma, Beximco, KPCL and Square Pharma.
Chittagong Stock Exchange (CSE) closed higher yesterday, with CSCX finishing 20.70 points up at 8476.50. Out of traded 234 issues, 90 closed higher when 116 suffered loss and 28 remained unchanged.
The daily trade value was Tk 26.72 crore for 1.02 crore shares.

 

DSE extends loss amid choppy trading

Dhaka Stock Exchange (DSE) extended loss yesterday due to volatile trading that caused fall in majority of issues traded, reports BSS. The broader DSEX index of DSE lost 7.48 points to 4503.98 when the blue-chip DS30 and the Shariah DSES ended flat at 1733.00 and 1099.57 respectively. Market has not shown any sign of reversal yet. Investors havent exhibit much exuberance yesterday as market direction remained unclear, said Lanka Bangla Securities Limited. The securities company also said that continual choppy trading sessions in DSE made investors cautious and prompted to cash in on stock. As a result, daily transaction rose, but majority of the securities closed lower due to selling pressure. The trade value increased by 23.43 per cent to Tk 380.51 crore when the volume rose by 19.12 per cent to 10.47 crore shares against Sundays 8.79 crore shares worth Tk 308 crore. Investors kept their focus on scrip wise strategies, trying to locate undervalued investment opportunities throughout the market, said IDLC Investment Limited. The focused transaction made some sectors gainers amid choppy trading. The sectors included food and allied, NBFI and fuel and power. The major advancing securities were Hakkani Pulp, FBFIF, Dacca Dye, ICB 1stNRB and Shurwid Industries. The total number of gaining securities was 114 when 154 incurred losses and 43 remained unchanged at close among 311 issues traded. Modern Dying, Jute Spinning, Anwar Galvanising, Miracle Industries and Bank Asia were the days major losers when cement, bank and telecom were the most lagging sectors. Titas Gas topped the turnover list followed by United Air, Beximco Pharma, Beximco, KPCL and Square Pharma. Chittagong Stock Exchange (CSE) closed higher yesterday, with CSCX finishing 20.70 points up at 8476.50. Out of traded 234 issues, 90 closed higher when 116 suffered loss and 28 remained unchanged. The daily trade value was Tk 26.72 crore for 1.02 crore shares.