Opportunistic investors push bourses upward

Country’s both the bourses ended Monday with winning sessions amidst positive expectation from the opportunistic investors.

The capital bourse, Dhaka Stock Exchange (DSE) started with positive note which continued till the closure of the session. The investors regained confidence and rebalanced their portfolio ahead of quarterly earning declarations, reports BSS.

The investors focused mainly on large-cap stocks today and were also considering June-end dividend declaration as well. According to a market operator, EBL Securities, investors’ exerted buying pressure on sector specific stocks especially from telecommunication, engineering and cement sectors.

The market participation also increased notably on day-to-day basis as depicted by 50 percent surge in the market turnover and stood at Taka 4.9 billion by the end of the session. The core index, DSEX closed at 5,227.3 points with a gain of 10.72 points. Besides, the two selective indices – DS30 and DSES – were also up at 1,847.26 by 5.46 points and 1,202.51 by 4.96 points respectively.

At DSE, a total of 12.85 crore shares and mutual funds of 352 companies were traded of which 152 issues advanced while 152 issues declined and 48 issues remained unchanged. Sector wise performance exposed that telecommunication (4.8%), cement (1.9%) and jute (1.4%) sector experienced highest price appreciation while mutual fund (-2.3%), it (-0.8%) and fuel and power (-0.6%) sector experienced highest price correction.

Investors’ attention were mostly concentrated on pharmaceuticals and chemicals (20.0%), engineering (12.0%) and textile (11.9%) sectors.

Besides, the port city bourse, Chittagong Stock Exchange (CSE) also closed in green zone today. CSCX and CASPI increased by 22.7 and 41.6 points respectively.