Economic Reporter :
Stock market closed Monday down for the second session in a row after breaking the 4-day gaining streak on Sunday due to lower participation.
The market was upbeat in the recent days, taking the broader index at the prime bourse up at close of every trading session since October 2. The high tide, however, ended Sunday when the broader index fell below 4700-point mark.
DSEX, the broader index of Dhaka Stock Exchange (DSE), was 9.31 points down on Monday’s close of 4689.31. The blue-chip DS30 and Shariah DSES also follow the suit to end at 1759.95 and 1121.75 accordingly.
The market became a buyers’ one as majority of the issues traded closed lower. Out of the 321 traded securities, only 95 managed some gains while 177 issues incurred loss.
The major losing issues on the market were the large-cap group as market saw sell pressure around this category. Such sell pressure made the bigger issues like Summit Power, Singer Bangladesh, Power Grid and BSC the most liquid securities.
Mutual funds also experienced slide in prices when 15 of the fund closed lower among trade 33. Only six funds ended up when 15 changed hands at their previous prices.
Despite the sell pressure, market activities remained low as investors were cautious in making fresh commitments.
Stock market closed Monday down for the second session in a row after breaking the 4-day gaining streak on Sunday due to lower participation.
The market was upbeat in the recent days, taking the broader index at the prime bourse up at close of every trading session since October 2. The high tide, however, ended Sunday when the broader index fell below 4700-point mark.
DSEX, the broader index of Dhaka Stock Exchange (DSE), was 9.31 points down on Monday’s close of 4689.31. The blue-chip DS30 and Shariah DSES also follow the suit to end at 1759.95 and 1121.75 accordingly.
The market became a buyers’ one as majority of the issues traded closed lower. Out of the 321 traded securities, only 95 managed some gains while 177 issues incurred loss.
The major losing issues on the market were the large-cap group as market saw sell pressure around this category. Such sell pressure made the bigger issues like Summit Power, Singer Bangladesh, Power Grid and BSC the most liquid securities.
Mutual funds also experienced slide in prices when 15 of the fund closed lower among trade 33. Only six funds ended up when 15 changed hands at their previous prices.
Despite the sell pressure, market activities remained low as investors were cautious in making fresh commitments.
