Stocks close down for second straight day

Stock markets closed yesterday down for the second session in a row after breaking the 4-day gaining streak on Sunday due to lower participation, reports BSS.
The market was upbeat in the recent days, taking the broader index at the prime bourse up at close of every trading session since October 2. 
The high tide, however, ended Sunday when the broader index fell below 4700-point mark.
DSEX, the broader index of Dhaka Stock Exchange (DSE), was 9.31 points down yesterday's close of 4689.31. The blue-chip DS30 and Shariah DSES also follow the suit to end at 1759.95 and 1121.75 accordingly.
The market became a buyers' one as majority of the issues traded closed lower. Out of the 321 traded securities, only 95 managed some gains while 177 issues incurred loss.
The major losing issues on the market were the large-cap group as market saw sell pressure around this category. Such sell pressure made the bigger issues like Summit Power, Singer Bangladesh, Power Grid and BSC the most liquid securities.
Mutual funds also experienced slide in prices when 15 of the fund closed lower among trade 33. 
Only six funds ended up when 15 changed hands at their previous prices.
Despite the sell pressure, market activities remained low as investors were cautious in making fresh commitments.
The daily trade volume dropped to 15.58 crore shares from Sunday's 18.21 crore. Similarly, the trade value declined to Tk 448.61 crore from Tk 559.29 crore of the previous session.
The day's most advancing issues were Summit Power, Rahima Text, NHFIL, Desh Garment and Style Craft. The major losers included Monno Ceramic, Standard Ceramic, Shympur Sugra, Delta Spinning and Sonargaon.
Chittagong Stock Exchange (CSE) also closed the day down, with its major CASPI ending 31.53 points lower at 14411.45. CSE saw majority of the issues incurring loss on the market. Out of the traded 241 issues, 70 gained and 138 declined.
The daily trade value at CSE was Tk 26.97 crore when over 1 crore shares changed hands.

 

Stocks close down for second straight day

Stock markets closed yesterday downfor the second session in a row after breaking the 4-day gaining streak on Sunday due to lower participation, reports BSS. The market was upbeat in the recent days, taking the broader index at the prime bourse up at close of every trading session since October 2. The high tide, however, ended Sunday when the broader index fell below4700-point mark. DSEX, the broader index of Dhaka Stock Exchange (DSE), was 9.31 points down yesterdays close of 4689.31. The blue-chip DS30 and Shariah DSES also follow the suit to end at 1759.95 and 1121.75 accordingly. The market became a buyers one as majority of the issues traded closed lower. Out of the 321 traded securities, only 95 managed some gains while 177 issues incurred loss. The major losing issues on the market were the large-cap group as market saw sell pressure around this category. Such sell pressure made the bigger issues like Summit Power, Singer Bangladesh, Power Grid and BSC the most liquid securities. Mutual funds also experienced slide in prices when 15 of the fund closed lower among trade 33. Only six funds ended up when15 changed hands at their previous prices. Despite the sell pressure, market activities remained low as investors were cautious in making fresh commitments. The daily trade volume dropped to 15.58 crore shares from Sundays 18.21 crore. Similarly, the trade value declined to Tk 448.61 crore from Tk 559.29 crore of the previous session. The days most advancing issues were Summit Power, Rahima Text, NHFIL, Desh Garment and Style Craft. The major losers included Monno Ceramic, Standard Ceramic, Shympur Sugra, Delta Spinning and Sonargaon. Chittagong Stock Exchange (CSE) also closed the day down, with its major CASPI ending 31.53 points lower at 14411.45. CSE saw majority of the issues incurring loss on the market. Out of the traded 241 issues, 70 gained and 138 declined. The daily trade value at CSE wasTk 26.97 crore when over 1 crore shares changed hands.