‘The
market closed flat in the end, as market reaction was mixed regarding
commitment by political forces to sit together and end violence. Since
confidence could not solidify, doubts obstructed further rise of optimism’
Stocks ended flat amid volatility
yesterday as investors remained cautious over the latest developments in the
political front.
The market was in the positive
territory throughout the session, but saw bumpy trading as intraday volatility
was almost 40 points.
The benchmark DSEX closed at 4,333
with a slight gain of 4 points or 0.1%. The blue chip index DS30 saw fractional
rise of 0.2 points to settle at 1,500.
The Chittagong Stock Exchange
Selective Categories Index, CSCX, also gained marginally almost 20 points to
8,510.
Trading activities declined after
rising for three consecutive sessions as the total DSE turnover stood at Tk700
crore, down 4% from the previous session.
Textile sector accounted for more
than one-fourth of the total market turnover.
“The market closed flat in the end,
as market reaction was mixed regarding commitment by political forces to sit
together and end violence. Since confidence could not solidify, doubts
obstructed further rise of optimism,” said IDLC Investment in its market analysis.
All major sectors ended in red,
except pharmaceuticals which gained 0.4%.
Lanka Bangla Securities said some
major sectors opened positive, supporting the market to spot on green zone from
the beginning of trade.
In contrast, economic activities of
the country got the hit in recent times as an aftermath of political collision,
it said.
“To at least some extent, investors
have shown their concern over the financial sector.”
In last hour of the trading session,
market slipped sharply as large cap sectors saw the sell pressure closing the
index at the end point of previous session, it said.
Gainers took a modest lead over the
losers as out of 291 issues traded, 153 closed positive, 111 negative and 27
remained unchanged on the prime bourse.
Generation Next Fashions was the
most traded stock of the session with a turnover of Tk26.9 crore changing
hands.
Other turnover leaders were
Paramount Textile, RN Spinning, Golden Son, Delta Life Insurance, Aamra
Technologies, Delta Spinning, Keya Cosmetics, Central Pharmaceuticals and Argon
Denim.
‘The market closed flat in the end, as market reaction was mixed regarding commitment by political forces to sit together and end violence. Since confidence could not solidify, doubts obstructed further rise of optimism’
Stocks ended flat amid volatility yesterday as investors remained cautious over the latest developments in the political front.
The market was in the positive territory throughout the session, but saw bumpy trading as intraday volatility was almost 40 points.
The benchmark DSEX closed at 4,333 with a slight gain of 4 points or 0.1%. The blue chip index DS30 saw fractional rise of 0.2 points to settle at 1,500.
The Chittagong Stock Exchange Selective Categories Index, CSCX, also gained marginally almost 20 points to 8,510.
Trading activities declined after rising for three consecutive sessions as the total DSE turnover stood at Tk700 crore, down 4% from the previous session.
Textile sector accounted for more than one-fourth of the total market turnover.
“The market closed flat in the end, as market reaction was mixed regarding commitment by political forces to sit together and end violence. Since confidence could not solidify, doubts obstructed further rise of optimism,” said IDLC Investment in its market analysis.
All major sectors ended in red, except pharmaceuticals which gained 0.4%.
Lanka Bangla Securities said some major sectors opened positive, supporting the market to spot on green zone from the beginning of trade.
In contrast, economic activities of the country got the hit in recent times as an aftermath of political collision, it said.
“To at least some extent, investors have shown their concern over the financial sector.”
In last hour of the trading session, market slipped sharply as large cap sectors saw the sell pressure closing the index at the end point of previous session, it said.
Gainers took a modest lead over the losers as out of 291 issues traded, 153 closed positive, 111 negative and 27 remained unchanged on the prime bourse.
Generation Next Fashions was the most traded stock of the session with a turnover of Tk26.9 crore changing hands.
Other turnover leaders were Paramount Textile, RN Spinning, Golden Son, Delta Life Insurance, Aamra Technologies, Delta Spinning, Keya Cosmetics, Central Pharmaceuticals and Argon Denim.
The market was in the positive territory throughout the session, but saw bumpy trading as intraday volatility was almost 40 points.
The benchmark DSEX closed at 4,333 with a slight gain of 4 points or 0.1%. The blue chip index DS30 saw fractional rise of 0.2 points to settle at 1,500.
The Chittagong Stock Exchange Selective Categories Index, CSCX, also gained marginally almost 20 points to 8,510.
Trading activities declined after rising for three consecutive sessions as the total DSE turnover stood at Tk700 crore, down 4% from the previous session.
Textile sector accounted for more than one-fourth of the total market turnover.
“The market closed flat in the end, as market reaction was mixed regarding commitment by political forces to sit together and end violence. Since confidence could not solidify, doubts obstructed further rise of optimism,” said IDLC Investment in its market analysis.
All major sectors ended in red, except pharmaceuticals which gained 0.4%.
Lanka Bangla Securities said some major sectors opened positive, supporting the market to spot on green zone from the beginning of trade.
In contrast, economic activities of the country got the hit in recent times as an aftermath of political collision, it said.
“To at least some extent, investors have shown their concern over the financial sector.”
In last hour of the trading session, market slipped sharply as large cap sectors saw the sell pressure closing the index at the end point of previous session, it said.
Gainers took a modest lead over the losers as out of 291 issues traded, 153 closed positive, 111 negative and 27 remained unchanged on the prime bourse.
Generation Next Fashions was the most traded stock of the session with a turnover of Tk26.9 crore changing hands.
Other turnover leaders were Paramount Textile, RN Spinning, Golden Son, Delta Life Insurance, Aamra Technologies, Delta Spinning, Keya Cosmetics, Central Pharmaceuticals and Argon Denim.
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