Stocks break 7-day gaining streak

Tue, February 21, 2017
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Stocks break 7-day gaining streak
Published : 15 Feb 2017, 16:38:34
Stocks break 7-day gaining streak
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Stock markets closed on Wednesday down after breaking a rally that continued at both Dhaka and Chittagong stock exchanges in the past seven sessions in a row. 
 
The markets were upbeat in the last seven-day, taking the broader index at the prime bourse up at close of every trading session since February 6. 
 
The broader index of DSEX of Dhaka Stock Exchange (DSE) finished the session 18.08 points down at 5,580.64, with the DSES and the DS30 closing in red at 1304.10 and at 2025.53 respectively. 
 
The daily trade value declined to Taka 1053.61 crore from the previous day's Taka 1173.69 crore and the volume witnessed a fall of 29.09 crore shares from 32.57 crore shares.
 
Out of the 330 issues traded on DSE, 96 gained against 188 losing issues.
 
Mutual funds, ceramics and insurance were the major lading sectors while the major advancing sectors included Textile, miscellaneous, food and allied, and fuel and power. 
 
The top five gaining securities at DSE were Malek Spinning, BSC, Golden Harvest, Regent Textile and Baraka Power. The top five losing issues were SEMLIBBLSF, RAK Ceramic, SAVAREFR, Progressive Life and Hwa Well Textile.
 
Lanka Bangla Finance topped the turnover leaders followed by Baraka Power, ACI Formula, Beximco and Apollo Isphat. 
 
Chittagong Stock Exchange (CSE) also closed the week up, with its major CASPI index ending 38.27 points lower at 17,288.37.
 
At CSE, 259 issues traded while 141 issued lower against 83 issued higher. The daily trade value was Taka 61.65 crore for 2.16 crore shares.-BSS
 
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