Stocks open week mixed

Sun Online Desk

16th October, 2016 08:02:04 printer

Stocks open week mixed

Stock market opened week Sunday mixed when Dhaka Stock Exchange (DSE) saw marginal changes to its indices and Chittagong Stock Exchange (CSE) closed considerably higher.


DSEX, the main index of the Dhaka Stock Exchange (DSE), crossed 4700-point mark and settled at 4701.31 at the last week's close, with its two selective indices following the suit.


DSEX maintained the rising trend at this week's opening to close at 4709.62, but the DS30 and DSES slid to red zone with marginal fall. The two indices ended the session at 1764.77 and 1123.28 accordingly.


The market, however, saw higher transaction when the trade value rose to Taka 483.83 crore from Taka 407.91 crore of the last week's close. The volume also increased to 17.89 crore shares from Thursday's 12.04 crore shares.


The higher activities helped some securities gain though a large number of issues closed lower. Out of the day's 323 traded issues, 137 gained against 135 losing ones.


Large-cap securities continued to face sell pressures that resulted in 113 securities ending lower and 112 advancing marginally. Mutual funds were mixed, with eight gaining, six losing and 19 changing hands at their previous prices.


Majority of the newly listed securities and junk category shares were on the falling side when most of the mid-cap securities closed mixed.


Some banking issues advanced considerably, taking most positions in the day's top 10 advancing securities. Among the issues were Jumuna Bank, First Security Bank, Premier Bank, Standard Bank and Shahjalal Bank.


The losing securities were mostly from power, food and engineering sectors including Shympur Sugar, Zeal Bangla, FEKDIL, Power Grid and Shurwid Industries.


Titas Gas topped the turnover list as some investors were booking energy securities. MJLBD also came to the fifth position among the top 10 liquid issues when NBL and BSRM were the second and the third most actively securities respectively.


Chittagong Stock Exchange (CSE) opened the week up, with its CASPI closing 49.21 points higher at 1448.70. Some 1.28 crore shares changed hands on the day for Taka 31.21 crore when 113 issues advanced and 100 incurred loss.