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Stocks open week mixed

 

WT24 Desk

Stock market was mixed on Sunday in quiet trading as investors remained largely reluctant in making fresh investment due to lack of a clear direction. The broader index at Dhaka Stock Exchange (DSE) closed flat in red, but it ended in green at Chittagong Stock Exchange (CSE).

DSEX closed flat at 4580.55 when the two selective indices of DSE – the blue-chip DS30 and Shariah DSES – closed flat in green at 1760.57 and 1122.27 respectively.
All the indices of Chittagong Stock Exchange (CSE) closed in green, with its broader CSCX ending 8.98 points up at 8599.08.

The losers heavily outnumbered the gainers at the two stock exchanges, with 90 up, 190 down and 45 unchanged in DSE and 67 up, 134 down and 34 static in CSE.
Market revived its stance last week after experiencing a three week losing spell, reaching the green zone. But the rebounding trend did not get enough strength to sustain at the week’s opening due to lack of buying support when sell pressure was high.

On DSE, the daily trade value fell to Taka 427 crore from Thursday’s Taka 505 crore when the trade volume declined to 9.23 crore shares from nearly 12 crore of previous session. A total of 76 lakh shares worth Taka 26.37 crore changed hands on CSE on the first trading session of the week.

Islami Bank, Gemini Sea Food, BSRM Limited, IPDC and Prime Life were the day’s top five advancing securities. The major losers were Libra Infusion, ITC, Savar Ref, Premier Leasing and All Tex.
BSRM Limited topped the turnover leader followed by UPGDCL, Ifad Autos, Beximco Pharma and Squire Pharma, BSS reports.

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