BSS, Dhaka :
Dhaka stocks extended fall for the second consecutive session on Wednesday to end a short week before the Christmas break on Thursday, There will be no trading at the Dhaka Stock Exchange (DSE) until Sunday as the bourse goes on a three-day break for Christmas and the weekends.
The market was dull on Wednesday, which became the last session of the week because of the statutory holiday for Christmas on Thursday.
The daily trade value came below Taka 200-croe to Taka 191.70 crore with a declined volume of 4.86 crore shares. The slim transaction eventually extended the falling trend of all three market barometers.
The fall in the indices, however, were marginal as the broader DSEX lost only 15.06 points to close near flat at 4823.57 when the blue-chip DS30 and Shariah DSES also finished flat at 1786.87 and 1138.69 respectively as both of the indices lost little over 4.0 points.
The large-cap shares were among the day’s major turnover leaders as some investors were booking the scrips at their relatively cheaper prices. Squire Pharma topped the turnover list followed by GP, Saif Power, Lafarge Surma and Beximco Pharma.
The major gainers of the day were ICBAMCL 2nd MF, Style Craft, IFIL Islamic MF1, Reliance Insurance and ABB 1st MF. The major losers at the week’s last session were Zeal Bangla, Shympur Sugar, Northern Jute, Jute Spinning and Popular Life.
Out of 309 issues traded, only 81 gained when 187 incurred losses across the board and 30 remained static. Among the losers, 150 scrips were from the A-category. All the newly listed issues also suffered correction at the week’s closing session. Mutual funds performed relatively well with 14 out of 39 funds were advancing.
The week began in downward trend, but showed little recovery at the second session on Monday before it returned to the red zone at the following session. The downtrend prevailed on the market till the close on Wednesday, turning three out of four trading sessions of the week red.
After passing correction in stocks for few days, market was about to find a way out on Monday. However, continued profit-taking faded out the little gain.
During the week, many of the investors continued consolidating when their participation became lackluster because of year ending cautious fund management. Besides, some investors were still skeptical about the market direction in the near term that was evident in the trifling turnover level.
Dhaka stocks extended fall for the second consecutive session on Wednesday to end a short week before the Christmas break on Thursday, There will be no trading at the Dhaka Stock Exchange (DSE) until Sunday as the bourse goes on a three-day break for Christmas and the weekends.
The market was dull on Wednesday, which became the last session of the week because of the statutory holiday for Christmas on Thursday.
The daily trade value came below Taka 200-croe to Taka 191.70 crore with a declined volume of 4.86 crore shares. The slim transaction eventually extended the falling trend of all three market barometers.
The fall in the indices, however, were marginal as the broader DSEX lost only 15.06 points to close near flat at 4823.57 when the blue-chip DS30 and Shariah DSES also finished flat at 1786.87 and 1138.69 respectively as both of the indices lost little over 4.0 points.
The large-cap shares were among the day’s major turnover leaders as some investors were booking the scrips at their relatively cheaper prices. Squire Pharma topped the turnover list followed by GP, Saif Power, Lafarge Surma and Beximco Pharma.
The major gainers of the day were ICBAMCL 2nd MF, Style Craft, IFIL Islamic MF1, Reliance Insurance and ABB 1st MF. The major losers at the week’s last session were Zeal Bangla, Shympur Sugar, Northern Jute, Jute Spinning and Popular Life.
Out of 309 issues traded, only 81 gained when 187 incurred losses across the board and 30 remained static. Among the losers, 150 scrips were from the A-category. All the newly listed issues also suffered correction at the week’s closing session. Mutual funds performed relatively well with 14 out of 39 funds were advancing.
The week began in downward trend, but showed little recovery at the second session on Monday before it returned to the red zone at the following session. The downtrend prevailed on the market till the close on Wednesday, turning three out of four trading sessions of the week red.
After passing correction in stocks for few days, market was about to find a way out on Monday. However, continued profit-taking faded out the little gain.
During the week, many of the investors continued consolidating when their participation became lackluster because of year ending cautious fund management. Besides, some investors were still skeptical about the market direction in the near term that was evident in the trifling turnover level.
