Dhaka, Bangladesh
Bourses again open week downward

Bourses again open week downward

News Report After finishing the last week with a positive note, bourses opened the new week again in a dismal mood as most of the stocks at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) ended the day with downward trend mainly due to price fall in large-cap securities. The falling major sectors were pharmaceuticals and chemicals, cement, textile, tannery industry and fuel and power. A total of 144 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 29.71 points down at 5,276.24. The Shariah DSES and the blue-chip DS30 also followed the same trend with 6.50 points down at 1,221.06 and with 13.52 points down at 1,855.45. The daily trade fell to 12.47 crore shares from Thursday’s 12.89 crore shares. But the day’s trade value at DSE increased to Taka 569.46 crore from Taka 552.65 crore of the previous session. At DSE, out of the day’s 325 securities, prices of 110 securities closed higher against 184 losing issues. The major gaining issues were ITC, Saiham Cotton, Sonali Ansh, SPCL and Ambee Pharma. The major losing companies were Kohinoor Chemicals, Confidence Cement, MLDYEING, Fortune and KPCL. BATBC topped the turnover list followed by RECKITTBEN, Monno Stafflers, Eastern Lubricant and Berger PBL. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 98.84 points down at 16,185.86. At CSE, 226 issues were traded. Of those, 58 closed higher and 142 closed lower when 86.05 lakh shares worth Taka 25.78 crore changed hands. On the last day of the previous week on Thursday stocks closed upward with rising trend of all the indices at Dhaka and Chittagong stock exchanges on higher activities of some large-cap securities. The broader DSEX of the DSE finished the week with 61.32 points up at 5,305.95. The blue-chip DS30 and the Shariah DSES closed the week with 12.85 points up at 1,868.97 and with 19.44 points up at 1,227.55 respectively. Out of the 349 issues traded at the DSE, 163 issues gained against 154 losing issues. During the week, the daily average trade value increased by 18.88 percent to Taka 657.35 crore. But, the average trade volume fell by 7.20 percent to 15.22 crore shares. The top five gainers of the week were Kattali Textile Limited, Al-Haj Textile Mills, National Tea Company, Reckitt Benckiser (Bd) and Ambee Pharma. The major losing issues of the week were Monno Jute Stafflers, Jute Spinners, Savar Refractories, Monno Ceramic Industries and BBS Cables. The top five turnover leaders were United Power Generation and Distribution Company, Khulna Power Company, Intech Limited, Saiham Textile Mills and BRAC Bank. The Chittagong Stock Exchange (CSE) also closed the week up with its major CASPI index ending 42.23 points higher at 16,284.69. Stocks keep gaining momentum for the second day of the week Monday as major indices of both Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) were found finishing upward trend with higher transactions. The day’s trade value at the DSE increased to Taka 803.06 crore from Sunday’s Taka 556.54 crore and the daily trade rose to 17.62 crore shares from 13.57 crore shares of the previous session. The broader DSEX index of the Dhaka Stock Exchange closed the day with 1.04 points up at 5,257.11. The Shariah DSES and the blue-Chip DS30 also followed the same trend with 2.02 points up at 1,214.51 and 0.04 point up at 1,853.08 respectively. At the DSE, prices of 126 securities out of the day’s 335 closed higher against 157 losing issues. The major gaining issues were ITC, Apex Foods, IBP, KTL and VFSTDL. The major losing issues were BBS Cables, Imam Button, SIMTEX, BD Welding an ALIF. Saiham Textile topped the turnover list followed by Intech, UPGDCL, KTL and Saiham Cotton. The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 8.29 points up at 16,137.62. At the CSE, 241 issues were traded while 96 closed higher against 118 closed lower when 1.01 crore shares worth Taka 31.98 crore changed hands. Earlier on Sunday, stocks opened week up with all the indices at Dhaka and Chittagong stock exchanges finishing upwards on higher activities of large-cap securities sending a positive vibe to calm the jitters of the investors. The rising major sectors were food and allied, pharmaceuticals and chemicals and jute. A total of 117 securities moved up due to higher activities. The broader DSEX of Dhaka Stock Exchange (DSE) finished the day with 11.44 points up at 5,256.07. The Shariah DSES also followed the same trend with 4.37 points up at 1,212.49. But, the blue chip DS30 closed the day with 3.07 points down at 1,853.05. Out of the 315 issues traded on the DSE, 144 gained against 128 losing issues. The trade value at the DSE increased to Taka 556.54 crore from the previous session’s Taka 555.75 crore and the trade volume also rose to 13.57 crore from 13.08 crore shares of Thursday trading. The five major gaining companies were RD Food, Salvo Chemicals, Sonali Ansh, Kohinoor and Silva PHL. The five major losing companies were Monno Stafflers, Monno Ceramics, National Polymer, RENATA and AFCAGRO. The top five turnover leaders were UPGDCL, KPCL, SKTRIMS, Saiham Cotton and Ifad Autos. The Chittagong Stock Exchange (CSE) also closed the day up, with its major CASPI index ending 73.82 points higher at 16,129.33. At the CSE, 220 issues were traded. Of those, 111 issues closed higher while 89 issues lower. Earlier, the upcoming national election forced the investors to take any investment decision more cautiously than ever that reflected through a volatile business on the floor throught the week. Market insiders said shaky investors are closely eyeing the political situation as election nears while lower-than-expected quarterly earning disclosures by a number of companies’ prompted the selling. (Inputs taken from agencies)

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