Stocks break losing streak

Stocks break losing streak
Published : 07 Nov 2018, 17:59:16
Stocks break losing streak
bbarta desk
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Stock markets returned to a green zone on Wednesday after showing downward trend in the previous five sessions as the issues across both Dhaka and Chittagong stock exchanges were found finishing with an upward trend with higher activities of large-cap securities.
The markets were downbeat in the last five sessions, taking the broader index at the prime bourse down at the close of every trading session since October 31.
The broader index of DSEX closed the session of the week with 37.86 points up at 5,242.22. The Shariah DSES and the blue-chip DS30 also followed the same trend with 7.09 points up at 1,207.52 and with 10.79 points up at 1,853.73.
The day’s trade value at DSE increased to Taka 484.49 crore from Tuesday’s Taka 440.03 crore and the daily trade also rose to 12.84 crore shares from 10.51 crore shares of the previous session.
At the DSE, out of the day’s 335 securities, prices of 206 securities closed higher against 80 losing issues.
The major gaining issues were MLDYEING, ACFL, Standard Insurance, Saiham Cotton and Al Haj Textile. The major losing companies were PLFSL, Asian Insurance, AMBEEPHA, ICBSONALI1 and Peoples Insurance.
SKREIMS topped the turnover list followed by Saiham Cotton, VFSTDL, BBS Cables and INTRACO.
The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 87.28 points up at 16,067.28.
At the CSE, 224 issues were traded. Of those, 135 closed higher and 84 closed lower when 66.72 lakh shares worth Taka 21.93 crore changed hands.-BSS

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