Stocks recover on higher transactions

Stocks recover on higher transactions

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Dhaka – Stock market ended flat on Tuesday, with showing marginal increase in price indices and market activities, bss news agency reported.
The market began the week on Sunday downward and continued sinking till the close of the next trading session as sell pressure was high for cash in and re-positioning of a large number of investors.Some of the investors, however, apparently renewed their investment commitment on Tuesday especially in buying debutant and actively performing securities.
The focused buying around some particular stocks made Doreen Power the top performer of the day when over 15 crore shares of this newly listed issues changed hands though at prices lower than previous day’s close.
Aman Feed, Lanka Bangla, Keya Cosmetic and BSRM Limited were among the day’s top liquid securities when the major gainers were BD Welding, Eastern Cables, Keya Cosmetic, Aramit and Meghna Petroleum.
Global Insurance, Union Cap, Prime Bank, Doreen Power and Orion Infusion were the day’s major losing securities.
The higher activities around some large-cap securities and price rise at close of some voluminously traded issues move all the indices up, though marginally.
DSEX, the broader index of Dhaka Stock Exchange (DSE), recovered 5.7 points to finish the session at 4407.52. The blue-chip DS30 and the Shariah DSES also finished in green at 1678.87 and 1067.26 accordingly. Similarly, Chittagong Stock Exchange (CSE) ended the day up, with its major CSCX index finishing 83.15 points higher at 8232.95.
The market on DSE remained in favour of buyers when 137 securities suffered loss against 137 advancing issues. The CSE also saw 117 scrips closing lower against 42 advancing securities.
The daily trade value on DSE was up to Taka 474.96 crore from Monday’s Taka 418.53 crore, but the volume fell to 10 crore shares from 11.21 crore shares of the previous session. Transaction on CSE decreased, with 81 lakh shares changing hands for Taka 24.33 crore.

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