Stocks break 2-day gaining streak on lower transactions

Stocks break 2-day gaining streak on lower transactions
Published : 17 Jul 2017, 17:08:04
Stocks break 2-day gaining streak on lower transactions
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After showing upward trends in the previous two sessions, stock markets returned to red zone on Monday as issues across both Dhaka and Chittagong stock exchanges were found finishing downward trend with lower transactions of large cap securities.
 
The markets were upbeat in the last two days, taking the broader index at the prime bourse up at the close of every trading session since July 13. 
 
The broader index of DSEX of the Dhaka Stock Exchange (DSE) closed the session of the week with 20.29 points down at 5824.43. The blue-chip DS30 and the Shariah DSES also followed the same trend with 0.33 points down at 2,133.04 and with 3.28 points down at 1324.13 respectively. 
 
The day's trade value at DSE decreased to Taka 1,147.61 crore from Sunday's Taka 1263.47 crore and the daily trade also fell to 31.99 crore shares from 38.89 crore shares of the previous session.
 
At DSE, out of the day's 329 securities, prices of 214 securities closed lower against 82 gaining issues.
 
The major gaining issues were BD Auto Cars, UNIQUEHRL, IPDC, Apex Spinning and ICB AMCL 2nd . The major losing issues were United Insurance, Meghna Pet, MEGCONMILK, Kay & Que and Fu Wang Food. 
 
Confidence Cement topped the turnover followed by Ifad Autos, Keya Cosmetic, MJL BD and SIMTEX. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 75.99 points down at 18050.48.
 
At CSE, 269 issues were traded. Of those, 79 closed higher and 166 closed lower while 2.16 crore shares worth Taka 63.61 crore changed hands.-BSS
 
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