With the support from the state-owned Investment Corporation of Bangladesh (ICB), the Dhaka bourse witnessed a robust 7.63 percent growth in transaction though stocks witnessed flat trend in last week.
Investors took a wait-and-see strategy ahead of the next parliamentary elections and some traders sold out their shares as a number of companies failed to satisfy
them with their quarterly earnings and dividends, market ana
Although the country’s stock market saw a rapid fall in the first three days last week, it however came back strongly in last two working days which pushed the market into flat position.
Thanks to state-run Investment Corporation of Bangladesh (ICB) for positive supports in the later part of the week, which helped the market become stable.
On the other hand, the total turnover on the DSE reached Tk 26 billion last week, which was more than 7 percent growth from Tk 24 billion of the previous week.
Among the total transaction, 75.87 percent of the total transaction stood in ‘A’ category shares.
It was followed by 15.18 percent in ‘N’ category, 5.77 percent in ‘B’ category, and 3.58 percent in ‘Z’ category.
The daily turnover averaged Tk 5.19 billion, posting an increase of about 7.63 percent over the previous week’s average of Tk 4.82 billion.
On the other hand, the prime index of the Dhaka Stock Exchange (DSE) went slightly up by 0.6 points or 0.1 percent to settle the week to 5,258 points. Meanwhile, the blue chips index (DS30) slumped by 6.34 points during the week to close at 1,865 points on Thursday and Shariah index (DSES) dropped 5.59 points to finish at 1,216 in the span of one week.
The market capitalisation of the DSE dropped to Tk 3,812 billion on Thursday, which was 0.51 percent lower as against Tk 3,831 billion on first working day of the week.
Khulna Power Company dominated and became the top on weekly turnover chart with 11.44 million shares worth Tk 1.13 billion changing hands despite trading suspension from Wednesday.
It was followed by SK Trims Industries Tk 786 million, VFS Thread Dyeing Tk 747 million, Intech Tk 658 million and BBS Cables Tk 604 million.
Out of 340 issues traded of DSE, 159 ended higher, 162 closed lower and 23 remained unchanged on the DSE floor.
Saiham Textile was the week’s best performer, posting a gain of 32.78 percent while the Stylecraft was the week’s worst loser, falling 73.82 percent.
Meanwhile, the port city bourse, the Chittagong Stock Exchange (CSE) also saw negative trend during the last week with its selective category index (CSCX) losing nearly 42 points to close at 9,753 points. On the other hand, All Share Price Index of the CSE was lower by almost 60 points during the week to close at 16,101 on Thursday.