BSS, Dhaka :
Stock market on Tuesday crawled up to a comfort zone, with the broader price index crossing marginally 4800 points mark.
The DSEX lost over 72 points in the two previous trading sessions to fall below the 4800-points level as the premier Dhaka Stock Exchange (DSE) was under high sell pressure since the beginning of the week.
The investors’ morale battered by the ongoing political uncertainty, but some of them were holding deep breath in an effort to keep their portfolio vibrant with changing position in stocks from across the board.
The investors, however, were more active in profit taking on large-cap scrips from the beginning of the week, sending the share prices down and two consecutive trading sessions in the red zone.
The third session of the week, which began down beat and saw big jolt on Monday, crawling up to finish in black only to put a mere leucoplast on the wound, which requires long term healing process with political stability. However, Tuesday’s little rise, unsupported by the sliding daily turnover, drove majority of the traded issues to close high.
The previous session saw 210 issues closing lower, but Tuesday was a positive turn in favour of the sellers as 178 securities was advancing when 83 were on the lagging side.
The benchmark index finished the day 30.93 points up at 4800.40 on the sellers’ market, with two selective indices following the trend. The blue-chip DS30 and the Shariah DSES ended higher at 1786.72 and 1136.51 respectively.
The daily trade value and volume rose on Monday, but slid to Taka 248 crore and 7.81 crore shares on Tuesday on cautious and cap-focused transaction. Most of the investors were booking large-cap shares, making 167 scrips from A-category dearer, which was a hard contrast scenario from the previous session when the large number of losing scrips was from the same category.
Junk shares kept attracted some investors when 19 scrips out of traded 32 finished higher. The mutual funds lost more steam on Tuesday when 15 of the funds closing lower.
Like previous trading sessions, the large-cap concentration made Aamra Tech, Beximco, GP, Ifad Autos and SA Port the day’s top five turnover leaders when Exim1stMF, Intech, Saiham Cotton, ILFSL and Miracle Industries were the top five advancing issues.
Imam Button was the major loser followed by Eastern Ins, Reliance Ins, AIBL1stIMF and NTC Dhaka stock rallied for straight eight sessions till the finish of last week on Thursday.
Stock market on Tuesday crawled up to a comfort zone, with the broader price index crossing marginally 4800 points mark.
The DSEX lost over 72 points in the two previous trading sessions to fall below the 4800-points level as the premier Dhaka Stock Exchange (DSE) was under high sell pressure since the beginning of the week.
The investors’ morale battered by the ongoing political uncertainty, but some of them were holding deep breath in an effort to keep their portfolio vibrant with changing position in stocks from across the board.
The investors, however, were more active in profit taking on large-cap scrips from the beginning of the week, sending the share prices down and two consecutive trading sessions in the red zone.
The third session of the week, which began down beat and saw big jolt on Monday, crawling up to finish in black only to put a mere leucoplast on the wound, which requires long term healing process with political stability. However, Tuesday’s little rise, unsupported by the sliding daily turnover, drove majority of the traded issues to close high.
The previous session saw 210 issues closing lower, but Tuesday was a positive turn in favour of the sellers as 178 securities was advancing when 83 were on the lagging side.
The benchmark index finished the day 30.93 points up at 4800.40 on the sellers’ market, with two selective indices following the trend. The blue-chip DS30 and the Shariah DSES ended higher at 1786.72 and 1136.51 respectively.
The daily trade value and volume rose on Monday, but slid to Taka 248 crore and 7.81 crore shares on Tuesday on cautious and cap-focused transaction. Most of the investors were booking large-cap shares, making 167 scrips from A-category dearer, which was a hard contrast scenario from the previous session when the large number of losing scrips was from the same category.
Junk shares kept attracted some investors when 19 scrips out of traded 32 finished higher. The mutual funds lost more steam on Tuesday when 15 of the funds closing lower.
Like previous trading sessions, the large-cap concentration made Aamra Tech, Beximco, GP, Ifad Autos and SA Port the day’s top five turnover leaders when Exim1stMF, Intech, Saiham Cotton, ILFSL and Miracle Industries were the top five advancing issues.
Imam Button was the major loser followed by Eastern Ins, Reliance Ins, AIBL1stIMF and NTC Dhaka stock rallied for straight eight sessions till the finish of last week on Thursday.
