DSEX hits new high despite cautionary signal

The broader price index of Dhaka Stock Exchange (DSE) crossed 5600-point mark to end the week’s opening session yesterday despite a cautionary signal raised by market analysts about sustainability of the recent bullish trend, reports BSS.
DSEX, the general index of the premier bourse, finished the session with hitting a new record at 5602.84 when the selective blue-chip DS30 and the Shariah DSES also reached a new high at 2011.72 and 1286.41 respectively.
Market analysts cautioned investors about the sustainability of the bullish trend that had been continued in the country’s stock market for weeks, taking the indices and transactions to record high.
Amid the cautionary sign, investors continued active trading though they started showing careful move from the last week’s close on Thursday when stocks finished flat.
The investors, however, became more active as market opened yesterday that resultantly drove the share prices, indices and daily transactions up again.  Sunday’s session at DSE closed with 224 securities gaining against 78 declining issues.
The daily trade value and the volume at the stock exchange also rose to Tk 1668.38 crore and 50.15 crore shares respectively from Thursday’s Tk 1408.74 crore and 42.24 crore shares.
Major sectors, however, showed mixed performance as investors were repositioning and trying to book as much profit as they could book from the trade. Travel and leisure, bank and services and real-estate advanced most when NBFI, paper, printing and general insurance incurred major loss.
The most gaining issues were MHSML, MTB, PTL, Union Capital and Islamic Finance. 
The lagging issues included Zeal Bangla, RAK Ceramic, BD Autocars, Meghna Condense Milk and Rahima Food.
Baraka Power topped the turnover list followed by Lanka Bangla Finance, Beximco, RAK Ceramic and Ifad Autos.
Like DSE, Chittagong Stock Exchange (CSE) also opened the week upward, with its major CASPI index surging by 350.40 points to 17352.39.
Out of the 268 issues traded, 193 gained and 55 incurred loss when 3.36 crore shares changed hands for over Taka 100 crore.

 

DSEX hits new high despite cautionary signal

The broader price index of Dhaka Stock Exchange (DSE) crossed 5600-point mark to end the weeks opening session yesterday despite a cautionary signal raised by market analysts about sustainability of the recent bullish trend, reports BSS. DSEX, the general index of the premier bourse, finished the session with hitting a new record at 5602.84 when the selective blue-chip DS30 and the Shariah DSES also reached a new high at 2011.72 and 1286.41 respectively. Market analysts cautioned investors aboutthe sustainability of the bullish trend thathad been continued in the countrys stock market for weeks, taking the indices and transactions to record high. Amid the cautionary sign, investors continued active trading though they started showing careful move from the last weeks close on Thursday when stocks finished flat. The investors, however, became more active as market opened yesterday that resultantly drove the share prices, indices and daily transactions up again. Sundays session at DSE closed with 224 securities gaining against 78 declining issues. The daily trade value and the volume at the stock exchange also rose to Tk 1668.38 crore and 50.15 crore shares respectively from Thursdays Tk 1408.74 crore and 42.24 crore shares. Major sectors, however, showed mixed performance as investors were repositioning and trying to book as much profit as they could book fromthe trade. Travel and leisure, bank and services and real-estate advanced most when NBFI,paper, printing and general insurance incurred major loss. The most gaining issues were MHSML, MTB, PTL, Union Capital and Islamic Finance. The lagging issues included Zeal Bangla, RAK Ceramic, BD Autocars, Meghna Condense Milk and Rahima Food. Baraka Power topped the turnover list followed by Lanka Bangla Finance, Beximco, RAK Ceramic and Ifad Autos. Like DSE, Chittagong Stock Exchange (CSE) also opened the week upward, with its major CASPI index surging by 350.40 points to 17352.39. Out of the 268 issues traded, 193 gained and 55 incurred loss when 3.36 crore shares changed hands for over Taka 100 crore.