Economic Reporter :
Stock market performed mixed today on corporate disclosure coupled with marginal rise in some large-cap securities.
The daily transaction rose at the market that prevented price indices from sharp decline despite falling prices of the major portion of the traded securities.
There was a concern among the investors about the direction of the next monetary policy statement (MPS). Bangladesh Bank (BB) is set to announce the MPS for the first half of the current 2016-17 financial year (FY17) today.
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day flat in red at 4549.18, with the blue-chip DS30 following it to close at 1778.14. The Shariah DSES, however, ended marginally up at 1114.90.
Chittagong Stock Exchange (CSE) closed the second day of the week with upward trend with its major CASPI 0.76 points up at 13,994.49.
Premier Cement announced that it would double its production capacity with a fresh investment of around Taka 400 crore to meet the growing demand of the local market. The announcement encouraged many to increase their investment in sector specific stocks, helping the turnover rise and indices sustain at their current resistance level.
The daily turnover in volume at DSE rose by 12.34 percent to 8.72 crore shares when the daily trade value was up by 16.67 percent to Taka 395.32 crore.
The sell pressure, however, caused fall in the majority of traded issues when 151 securities suffered loss against 114 advancing securities on DSE among the day’s 327 issues traded. At CSE, 83 issues closed up and 110 down among the day’s 251 traded issues.
The daily trade value and volume at CSE also fell to Taka 19.80 crore and 62 lakh shares accordingly.
The top five gaining companies in DSE were Exim First Mutual Fund, Renwick Ja, ECables, Ambee Pharmaceuticals Limited and Al-Haj Tex.
Stock market performed mixed today on corporate disclosure coupled with marginal rise in some large-cap securities.
The daily transaction rose at the market that prevented price indices from sharp decline despite falling prices of the major portion of the traded securities.
There was a concern among the investors about the direction of the next monetary policy statement (MPS). Bangladesh Bank (BB) is set to announce the MPS for the first half of the current 2016-17 financial year (FY17) today.
The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day flat in red at 4549.18, with the blue-chip DS30 following it to close at 1778.14. The Shariah DSES, however, ended marginally up at 1114.90.
Chittagong Stock Exchange (CSE) closed the second day of the week with upward trend with its major CASPI 0.76 points up at 13,994.49.
Premier Cement announced that it would double its production capacity with a fresh investment of around Taka 400 crore to meet the growing demand of the local market. The announcement encouraged many to increase their investment in sector specific stocks, helping the turnover rise and indices sustain at their current resistance level.
The daily turnover in volume at DSE rose by 12.34 percent to 8.72 crore shares when the daily trade value was up by 16.67 percent to Taka 395.32 crore.
The sell pressure, however, caused fall in the majority of traded issues when 151 securities suffered loss against 114 advancing securities on DSE among the day’s 327 issues traded. At CSE, 83 issues closed up and 110 down among the day’s 251 traded issues.
The daily trade value and volume at CSE also fell to Taka 19.80 crore and 62 lakh shares accordingly.
The top five gaining companies in DSE were Exim First Mutual Fund, Renwick Ja, ECables, Ambee Pharmaceuticals Limited and Al-Haj Tex.
