Country’s premier bourse, Dhaka Stock Exchange (DSE) began week displaying optimistic note overcoming the bearish sessions of last few days, reports BSS. The positive vibe was observed from the beginning of the session and the trend continued till the end, but demonstrated volatility during the whole session.
The opportunist investors, however, positioned taking on lucrative price level in different stocks, especially on telecom, fuel and power, food, pharma and textile sectors that pushed the bourse to end 15.1 points higher. The broad index, DSEX closed at 4212.44 points on Sunday, first day of week, with a gain of 15 points or 0.35 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 9.32 points and 4.24 points to settle at 1415.70 points and 950.15 points respectively. On the DSE trading floor, a total number of 90,436 trades were executed in today’s trading session with a trading volume of 91.82 million securities.
Bank, jute and IT sectors observed selling pressure. Activity from the participants dropped to around Taka 2.6 billion as the investors refrained themselves from putting fresh fund into the ongoing bearish trend of the market. Gainers took a strong lead over losers as out of 354 issues traded, 179 securities gained price while 122 declined and 53 remained unchanged.
Most of the sectors witnessed better performance today. Among the major sectors based on market capitalization – telecom (0.9%), fuel and power (1.0%), food (1.4%), pharma (0.3%) and textile (0.5%) sectors achieved price appreciation while bank (-0.3%), jute (-1.8%) and IT (-0.2%) sectors witnessed correction, according to a market operator, International Leasing Securities.
It added investors’ activity was mostly centered on engineering (14.0%), pharma (13.6%) and fuel and power (10.4%) sectors. The top 10 gainers were Central Pharma, BBS, Paramount Insurance, Sandhani Life Insurance, Western Marine Shipyard, Padma Oil, Fine Food, Shepherd Industries, Daffodil Computer and Aamra Technology.
LafargeHolcim Bangladesh topped the turnover chart followed by KPCL, ADN Telecom, Northern Jute, Western Marine Shipyard, Beacon Pharma, Pioneer Insurance, National Feed Mill, Standard Insurance and United Power. The top 10 losers were Zeal Bangla Sugar Mills, FAS Finance, International Leasing, ADN Telecom, EBL NRB Mutual Fund, Premier Leasing, Sunlife Insurance, BIFC, Shahjala Islami Bank and SS Steel.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed at green overcoming the bearish trend of previous days. CSCX and CASPI increased by 26.21 points and 39.85 points to stand at 7761.33 points and 12808.79 points respectively.
At CSE, a total of 6,266,092 shares and mutual fund of 239 companies were traded, of which 110 issues advanced while 92 declined and 37 issues remained unchanged.
