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Stocks return to black

WT24 Desk

Dhaka, Key share price indices at the country’s twin bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – returned to positive on Monday after five consecutive days of loss,UNB reports.

The DSE key index, DSEX recovered 21.20 points or 0.47 percent to close at 4536.05 on the day. The broad index lost total of 134.51 points on last five trading sessions.

Shares worth Tk 290.52 crore changed hands at the DSE on Monday as against Tk 267.84 crore on Sunday. Of the 318 issues traded, 165 gained, 102 declined and 51 remained unchanged.

Analysing the day’s capital market scenario, LankaBangla Securities said, “Market reversed after five days of sharp fall in index in a raw. Group of investors was in risk off mode as they perked their fund in defensive stocks.”

“Market turnover value remained at low level as overall market sentiment remained wary of market outlook”, the stockbroker also added.  Focusing on major industry updates, LankaBangla said, “Time limit for banking sector for adjustment of over exposure to the capital market remains unresolved. As per the deadline set in Bank Companies Act, the banks will have to adjust their over exposure to capital market by July, 2016.”

Hakkani Pulp & Paper topped the top 10 gainers list at Dhaka bourse while other companies were Anwar Galvanizing, Monno Ceramic, Standard Insurance, Far Chemical Industries, Alltex Industries, Golden Son, Legacy Footwear, Standard Ceramic and Olympic Accessories.

The top five turnover leaders at the DSE were Ifad Autos, Square Pharmaceuticals, Grameenphone, Lafarge Surma Cement and Beximco Pharma.  Top five losers at the DSE were Shyampur Sugar Mills, Daffodil Computers, BD Autocars, Rahima Food and Samorita Hospital.

The key index at the Chittagong Stock Exchange (CSE), CASPI lost 85.36 points to reach 13869.96 at close on Monday. Of the 232 issues traded, 102 advanced, 94 suffered loss and 28 remained unchanged.  The value of the traded issues at the port city bourse was Tk 20.46 crore on the day.

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