Stock market closed yesterday flat on lower demand when investors were largely selling mood for profit-booking from offloading the shares they booked earlier at cheaper prices, reports BSS.Stock closes week flat on lower demand
BSS
Stock market closed yesterday flat on lower demand when investors were largely selling mood for profit-booking from offloading the shares they booked earlier at cheaper prices, reports BSS.
The daily average transaction, however, increased compared to last week, but was not enough to make the market vibrant.
The week at the Dhaka Stock Exchange (DSE) began upward, but ended flat in red, with the DSEX closing at 4553.7843, the DS30 at 1779.28 and the DSES at 1114.25. Compared to last weeks close, DSEX and DS30 ended flat in green while the DSES was marginally down.
The CASPI at the Chittagong Stock Exchange (CSE) closed flat, but it was green at 14011.30.
The daily average trade value at DSE rose by 16.42 per cent to Tk 398.89 crore and the volume by 23.46 per cent to 11 crore shares.
According to analysts, investors during the week were mostly large-cap focused that resulted in price rise in these cap group. Banking, NBFI, cement, fuel and power, pharmaceuticals and engineering shares were also on relatively higher demand.
The top five gaining companies of the week included Renwick Jaj (30.72 per cent), Northern Jute (17.34 per cent), BFIC (14.91 per cent), Eastern Cables (12.37 per cent) and BSRM Limited (11.57 per cent).
The worst five losing securities were National Feed (-12.24 per cent), SEML (-12.17 per cent), Relience One (-11.63 per cent), Western Marine (-9.23 per cent) and Khan Brother Paper (-9.19 per cent). The top five turnover leaders were BSRM Limited, Acme Lab, Islami Bank, Delta-Brac Housing ad SPCL.
