Business Report :
Share price indices at the country’s two stock exchanges maintained upward trend on Monday as market saw improved participation when share trading resumed after five days break for Eid-ul-Azha.
The market ended pre-Eid trading on Tuesday marginally up when the daily transaction at the country’s premier bourse fell nearly one month low on lackluster trading. Activities, however, rose by 8.40 percent to Taka 395.33 crore at the post-Eid trading session at Dhaka Stock Exchange (DSE), keeping the DSEX upward by 13.46 points to 4866.75.
The two selective indices – DS30 and DSES – also followed the broader indicator to finish the session at 1863.72 and 1192.82 respectively.
“Coming back from the week long festive mood, the early trading made significant move as investors renewed buying interest to focus on growth expectation”, said Lanka Bangla Securities Limited (LBSL).
The LBSL also attributed the development to the economic outlook by the United World’s Bangladesh Report, which gave positive vibe the market. The independent global media communication agency is upbeat about Bangladesh’s prospect of becoming a middle-income country by 2021.
IDLC Investment said the market also reacted positively to the economic update of the Asian Development Bank (ADB) as it elevated Bangladesh’s GDP growth forecast to 6.7 percent for the current 2015-16 financial year.
The daily trade volume declined 2.45 percent to 8.54 crore shares as traders were observant about the market’s direction in the coming days. The vigilance of the investors weakened demand side, causing price fall of majority of the issues traded. Out the day’s 316 issues traded, 137 ended lower, with Shyampur Sugar, Northern Jute, 2nd ICB, Aziz Pipes and 1st ICB losing most.
A total of 133 securities ended the session up when Prime Cement, AIBL1stMF, United Insurance, Asia Insurance and Saif Power were the top five advancing issues.
GP suffered a big loss on Sunday in market capitalisation, which was 24.7 percent down on year-on-year basis. “Merger talks between Robi and Airtel and mobile number portability significantly threatened the competitive advantage of telecom giant GP,” said IDLC Investment limited.
Among the major sectors, food and allied, NBFI and pharmaceuticals increased while fuel and power, textile and telecom were down.
Lafarge Surma Cement topped the turnover list followed by Saif Power, Beximco Pharma, IDLC and BSRM Steel.
Chittagong Stock Exchange (CSE) maintained upward trend on Sunday, with its major CSCX index closing 23.27 points up at 9070.97.
Out of the traded 225 issues, 95 ended higher and 108 lower when 69.78 lakh shares worth Taka 24.29 crore changed hands.
Share price indices at the country’s two stock exchanges maintained upward trend on Monday as market saw improved participation when share trading resumed after five days break for Eid-ul-Azha.
The market ended pre-Eid trading on Tuesday marginally up when the daily transaction at the country’s premier bourse fell nearly one month low on lackluster trading. Activities, however, rose by 8.40 percent to Taka 395.33 crore at the post-Eid trading session at Dhaka Stock Exchange (DSE), keeping the DSEX upward by 13.46 points to 4866.75.
The two selective indices – DS30 and DSES – also followed the broader indicator to finish the session at 1863.72 and 1192.82 respectively.
“Coming back from the week long festive mood, the early trading made significant move as investors renewed buying interest to focus on growth expectation”, said Lanka Bangla Securities Limited (LBSL).
The LBSL also attributed the development to the economic outlook by the United World’s Bangladesh Report, which gave positive vibe the market. The independent global media communication agency is upbeat about Bangladesh’s prospect of becoming a middle-income country by 2021.
IDLC Investment said the market also reacted positively to the economic update of the Asian Development Bank (ADB) as it elevated Bangladesh’s GDP growth forecast to 6.7 percent for the current 2015-16 financial year.
The daily trade volume declined 2.45 percent to 8.54 crore shares as traders were observant about the market’s direction in the coming days. The vigilance of the investors weakened demand side, causing price fall of majority of the issues traded. Out the day’s 316 issues traded, 137 ended lower, with Shyampur Sugar, Northern Jute, 2nd ICB, Aziz Pipes and 1st ICB losing most.
A total of 133 securities ended the session up when Prime Cement, AIBL1stMF, United Insurance, Asia Insurance and Saif Power were the top five advancing issues.
GP suffered a big loss on Sunday in market capitalisation, which was 24.7 percent down on year-on-year basis. “Merger talks between Robi and Airtel and mobile number portability significantly threatened the competitive advantage of telecom giant GP,” said IDLC Investment limited.
Among the major sectors, food and allied, NBFI and pharmaceuticals increased while fuel and power, textile and telecom were down.
Lafarge Surma Cement topped the turnover list followed by Saif Power, Beximco Pharma, IDLC and BSRM Steel.
Chittagong Stock Exchange (CSE) maintained upward trend on Sunday, with its major CSCX index closing 23.27 points up at 9070.97.
Out of the traded 225 issues, 95 ended higher and 108 lower when 69.78 lakh shares worth Taka 24.29 crore changed hands.
