Stocks break 2-day gaining streak

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After showing upward trends in the previous two sessions, stock markets returned to red zone on Tuesday as issues across both Dhaka and Chittagong stock exchanges suffered downtrend.
The markets were upbeat in the last two days, taking the broader index at the prime bourse up at the close of every trading session since August 6.
The broader index of DSEX of the Dhaka Stock Exchange (DSE) closed the session of the week with 15.92 points down at 5,897.68. The blue-chip DS30 also followed the same trend with 5.42 point down at 2119.65. But the Shariah DSES closed the day with 0.24 point up at 1309.36.
The day’s trade value at DSE decreased to Taka 944.75 crore from Monday’s Taka 1,187.35 crore and the daily trade also fell to 34.20 crore share from 43.81 crore shares of the previous session.
At DSE, out of the day’s 330 securities, prices of 121 securities closed higher against 164 gaining issues.
The major gaining issues were BD Lamps, Standard Insurance, GEMINESEA, RENWICKJA and Ambee Pharma. The major losing issues were Dulamia Cotton, Sun Life Insurance, Rahima Food, 1JANATAMF and Sino Bangla.
CAN Text topped the turnover followed by BBS Cables, City Bank, IFIC and Ifad Autos. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 45.28 points down at 18,302.61.
At CSE, 261 issues were traded. Of those, 102 closed higher and 129 closed lower while 2.16 crore shares worth Taka 55.24 crore changed hands.

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