Economic Reporter :
Stock market eased up on Wednesday when investors were taking safer position on post budget trade. Despite the cautious trade, majority of the issues traded closing moderately higher.
Out of the day’s 316 issues traded at Dhaka Stock Exchange (DSE), 136 gained against 127 losing securities. The higher number of advancing issues helped the broader index of DSE recover, though marginally.
The DSEX closed 2.40 points up at 4421.79 when the blue-chip DS30 followed it to finish in green at 1746.11. The Shariah DSES, however, closed flat in red at 1091.54.
Chittagong Stock Exchange (CSE) was mixed, with its major CASPI finishing 5.75 points down at 13617.31. A total of 96 issues gained and 105 incurred loss out of the day’s 233 traded issues at CSE.
The day’s trade value at DSE declined by 16.0 percent to Taka 358 crore when the trade volume rose to 12.41 crore shares as investors were consolidating in large and mid cap securities. Similarly, the trade value fell to Taka 25 crore, but the volume rose to 1.22 crore shares at CSE.
“Market turnover value dropped as investors became vigilant about the government’s decision on corporate tax”, said Lanka Bangla Securities Limited.
The day’s major gaining sectors were food and allied and telecom and textile when cement, fuel and power and NBFI sectors lost marginally.
The top five advancing companies were Tosrifa, PTL, Intech, United Air and Gerent Textile. The major losing issues were Progressive Life, Fareast Finance, Azia Pipe, GP Isphat and Shurwid.
Titas Gas was the top turnover leader followed by Lafarge Surma, Doreen Power, UPGDCL and United Air
Stock market eased up on Wednesday when investors were taking safer position on post budget trade. Despite the cautious trade, majority of the issues traded closing moderately higher.
Out of the day’s 316 issues traded at Dhaka Stock Exchange (DSE), 136 gained against 127 losing securities. The higher number of advancing issues helped the broader index of DSE recover, though marginally.
The DSEX closed 2.40 points up at 4421.79 when the blue-chip DS30 followed it to finish in green at 1746.11. The Shariah DSES, however, closed flat in red at 1091.54.
Chittagong Stock Exchange (CSE) was mixed, with its major CASPI finishing 5.75 points down at 13617.31. A total of 96 issues gained and 105 incurred loss out of the day’s 233 traded issues at CSE.
The day’s trade value at DSE declined by 16.0 percent to Taka 358 crore when the trade volume rose to 12.41 crore shares as investors were consolidating in large and mid cap securities. Similarly, the trade value fell to Taka 25 crore, but the volume rose to 1.22 crore shares at CSE.
“Market turnover value dropped as investors became vigilant about the government’s decision on corporate tax”, said Lanka Bangla Securities Limited.
The day’s major gaining sectors were food and allied and telecom and textile when cement, fuel and power and NBFI sectors lost marginally.
The top five advancing companies were Tosrifa, PTL, Intech, United Air and Gerent Textile. The major losing issues were Progressive Life, Fareast Finance, Azia Pipe, GP Isphat and Shurwid.
Titas Gas was the top turnover leader followed by Lafarge Surma, Doreen Power, UPGDCL and United Air
