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Stocks continue gaining streak

 

WT24 Desk

Stock markets on Monday continued the upward trend driven mainly higher transactions of some large-cap securities of engineering, pharmaceutical, services and real estate and cement sectors, Agencies report.  DSEX, the major price index of DSE, added 3.06 points at close to finish the day at 4,941.65 which was the highest after January 15, 2015 when it closed at 4,956.09.

But the DSES for Shariah-based companies and the DS30 for the blue-chip scrips declined with marginally 2.21 points down at 1,167.26 and 6.20 points down at 1,796.83 respectively.
The daily trade value increased to Taka 1,120.16 crore from Sunday’s Taka 975.02 crore and the volume declined to 35 crore shares from 30.62 crore.

The mere rise of the major price index of DSE was based on the trading of high equity scrips. Out of the day’s traded 325 issues, 262 were from the large-cap group. One hundred nineteen issued of this group advanced out of the day’s total 147 gaining ones, other 109 scrips from this category suffered losses while the total losing issues on DSE was 135.

The day’s major gainers were Fuwang Food, IDLC, CMC Kamal, Global Insurance and Central Pharmaceutical. The most losing securities were BD Auto Cars, Jute Spinning, Modern Dying, NHFIL and GHAIL.  Bangladesh Building System topped the turnover list followed by Square Pharma, Saif Power, Ifad Autos and Lafarge Surma Cement.

Chittagong Stock Exchange (CSE) finished the session of the week upward with its major CASPI index closing high with 10.88 points at 15,178.75.
Out of the 260 issues traded on the CSE, 122 closed higher against 111 losing securities when 1.99 crore shares changed hands for Taka 52.58 crore.

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