Stocks close week down on selling spree
Economic Reporter :
Stock market closed week down on Thursday on selling spree by profit-takers and the investors who were repositioning from large-cap to mid and small cap groups for minimising risk.
The boarder DSEX index of Dhaka Stock Exchange (DSE) was down by over 68 points or 1.55 percent to finish the week at 4340.34.
The blue-chip DS30 also lost 17.20 points or 1.2 percent to end at 1666.15. The Shariah DSES followed the two indices, but with marginal fall as it closed only 8.06 points down at 1057.03. Chittagong Stock Exchange (CSE) ended the week down, with its major CSCX index closing nearly 32 points down at 8130.54.
The daily average turnover in volume at DSE rose by 16.28 percent to 9.83 crore shares, but the daily average trade value decline by 11.50 percent to Taka 386.60 crore because of falling share prices across the board.
Analysts observed that the market saw higher sell pressure for profit-booking coupled with repositioning of a good number of investors. It was seen during most of the trading sessions that large-cap shares were in the top turnover lists when mid and small cap group showed strength on higher demand.
The major gaining sectors were fuel and power, food and allied and NBFI increased when the losing sectors were IT and textile.
The top five gaining companies by closing price were Monno Stafflers (29.77 percent), Far East Knitting (27.88 percent), Eastern Lubricant (24.44 percent), Libra Infusion (23.87 percent) and Berger Paint (17.75 percent).
Stock market closed week down on Thursday on selling spree by profit-takers and the investors who were repositioning from large-cap to mid and small cap groups for minimising risk.
The boarder DSEX index of Dhaka Stock Exchange (DSE) was down by over 68 points or 1.55 percent to finish the week at 4340.34.
The blue-chip DS30 also lost 17.20 points or 1.2 percent to end at 1666.15. The Shariah DSES followed the two indices, but with marginal fall as it closed only 8.06 points down at 1057.03. Chittagong Stock Exchange (CSE) ended the week down, with its major CSCX index closing nearly 32 points down at 8130.54.
The daily average turnover in volume at DSE rose by 16.28 percent to 9.83 crore shares, but the daily average trade value decline by 11.50 percent to Taka 386.60 crore because of falling share prices across the board.
Analysts observed that the market saw higher sell pressure for profit-booking coupled with repositioning of a good number of investors. It was seen during most of the trading sessions that large-cap shares were in the top turnover lists when mid and small cap group showed strength on higher demand.
The major gaining sectors were fuel and power, food and allied and NBFI increased when the losing sectors were IT and textile.
The top five gaining companies by closing price were Monno Stafflers (29.77 percent), Far East Knitting (27.88 percent), Eastern Lubricant (24.44 percent), Libra Infusion (23.87 percent) and Berger Paint (17.75 percent).
