Stocks extend loss as major sectors dip

Sun Online Desk

21st August, 2016 07:00:43 printer

Stocks extend loss as major sectors dip

Stock markets extended loss to open a week downtrend on Sunday as most of the major sectors closed lower while daily transactions were also declining.


Among the falling major sectors were bank, pharmaceuticals, food and allied and telecom when 141 securities of the large-cap group incurred loss due to lower activities. Cement, fuel and mutual funds advanced at the day's closing marginally.


The daily trade value and volume also declined on the day as majority of the investors were sector focused. "Few enthusiastic buyers came with bottom approach on sector specific stocks while other came to safeguard the position with quick-profit booking," said Lanka Bangla Securities Limited.


The broader index DSEX of Dhaka Stock Exchange (DSE) finished the first session of the week 6.05 points down at 4579.03. The Shariah DSES followed it by 2.48 points down at 1119.02 when the blue-chip DS30 finished the day marginally at 1766.26. Chittagong Stock Exchange (CSE) also opened the week down, with its major CASPI index closing ended over 22.77 points down at 14,080.78.


The daily turnover in value at DSE was 8.05 percent down Taka 470.70 crore, with the volume trading shares declining by 14.70 percent to 10.96 crore shares. Among the traded 321 issues at DSE, 168 closed lower against 83 gaining issues. At CSE, 141 issues lost when 81 finished the day higher.


The top five gaining companies were Dacca Dyeing, National Tubes Limited, Meghna Cement, GQ Ball Pen and ARAMITCEM. The major losers included Central 8th HICB, Sonargaon, Renwick Ja, Ambee Pharma and Rahima Food.


Shahjibazar Power Company Limited topped the turnover list followed National Tubes Limited, Aman Feed Limited, MJL Bangladesh Limited, BSRM Limited and Lafarge Surma Cement Limited.