Sell pressure ceases positive wave on stock market
BSS, Dhaka :
Sell pressure halted the positive wave on Dhaka Stock Exchange (DSE) to end the week in red.
The market saw upbeat in the past two trading sessions, but ended in the negative tone due to sell pressure for profit-booking.
The DSEX index of DSE experienced remarkable ups and downs during the week before closing at 4984.46, marginally below its comfortable 5000-point position.
The blue-chip DS30 and the Shariah DSES also ended the week down at 1860.15 and 1174.54 accordingly.
The daily turnover came down to Taka 694.57 crore for 15.28 crore shares from Wednesday’s 18.06 crore shares worth Taka 846.32 crore.
Despite the lower level activities, most of the traded issues closed higher on the day when 152 gained, 112 incurred loss and 33 remained static.
Engineering, cement, pharma and telecom stocks saw the most profit booking selling at the last trading session of the week when IT, ceramic and textile sectors experienced the major sectoral move.
Jamuna Oil was the most liquid scrips at the week’s closing session with Western Marin Shipyard, Beximco, Aamra Tech and Olympic Industries among the top five turnover leaders.
The most five advancing issues were Pharma Aid, Deshbandhu Polymer, SPCL, Kohinoor Chemical and Safko Spinnings. Among the top five losers were Beacon Pharma, Saif Power, Beximco Synthetic, Jute Spinning and Western Marin Shipyard.
The week began in the negative territory and remained bearish over the week, resulted in three sessions ending down and the rest two closing up. The benchmark price index also fluctuated highly when it closed over 5000-point for one out of five trading sessions of the week.
The week saw significant movements by the investors mostly around mid and micro cap scrips when larger issues experienced volatility.
Participation of investors during week rose occasionally as many were taking the advantage of price fall in the last few trading sessions that made a large number of scrips cheaper.
Some encouraging quarterly declaration and the news about soaring number of BO accounts also influenced the market and helped restore confidence of investors, but the higher profit-booking selling finally brought the market in the negative territory.
Average daily turnover during the week was Taka 755.40 crore, up by 9 percent showing higher participation of investors compared to the previous week.
The top performing sectors of the week were IT, food and allied, travel and leisure while service and real-estate, tannery, bank and life insurance performed less.
Top gaining companies of the week were National Polymar (45.3 percent), Orion Infusion (28.5 percent) and Pharm Aid (24.6 percent). The major losing companies were Tallu Spin (-32.5 percent), Modern Dye (-14 percent) and Midas Financing (-13.9 percent).
Sell pressure halted the positive wave on Dhaka Stock Exchange (DSE) to end the week in red.
The market saw upbeat in the past two trading sessions, but ended in the negative tone due to sell pressure for profit-booking.
The DSEX index of DSE experienced remarkable ups and downs during the week before closing at 4984.46, marginally below its comfortable 5000-point position.
The blue-chip DS30 and the Shariah DSES also ended the week down at 1860.15 and 1174.54 accordingly.
The daily turnover came down to Taka 694.57 crore for 15.28 crore shares from Wednesday’s 18.06 crore shares worth Taka 846.32 crore.
Despite the lower level activities, most of the traded issues closed higher on the day when 152 gained, 112 incurred loss and 33 remained static.
Engineering, cement, pharma and telecom stocks saw the most profit booking selling at the last trading session of the week when IT, ceramic and textile sectors experienced the major sectoral move.
Jamuna Oil was the most liquid scrips at the week’s closing session with Western Marin Shipyard, Beximco, Aamra Tech and Olympic Industries among the top five turnover leaders.
The most five advancing issues were Pharma Aid, Deshbandhu Polymer, SPCL, Kohinoor Chemical and Safko Spinnings. Among the top five losers were Beacon Pharma, Saif Power, Beximco Synthetic, Jute Spinning and Western Marin Shipyard.
The week began in the negative territory and remained bearish over the week, resulted in three sessions ending down and the rest two closing up. The benchmark price index also fluctuated highly when it closed over 5000-point for one out of five trading sessions of the week.
The week saw significant movements by the investors mostly around mid and micro cap scrips when larger issues experienced volatility.
Participation of investors during week rose occasionally as many were taking the advantage of price fall in the last few trading sessions that made a large number of scrips cheaper.
Some encouraging quarterly declaration and the news about soaring number of BO accounts also influenced the market and helped restore confidence of investors, but the higher profit-booking selling finally brought the market in the negative territory.
Average daily turnover during the week was Taka 755.40 crore, up by 9 percent showing higher participation of investors compared to the previous week.
The top performing sectors of the week were IT, food and allied, travel and leisure while service and real-estate, tannery, bank and life insurance performed less.
Top gaining companies of the week were National Polymar (45.3 percent), Orion Infusion (28.5 percent) and Pharm Aid (24.6 percent). The major losing companies were Tallu Spin (-32.5 percent), Modern Dye (-14 percent) and Midas Financing (-13.9 percent).
