Ceramic, services and fuel & power sectors experience sell pressure

Dhaka,  Monday,   2016-09-18
Published : 18 Sep 2016, 21:39:58

Ceramic, services and fuel & power sectors experience sell pressure

Analysis
FE Report


The country's premier bourse Sunday ended positively riding on major sectors after a nine-day market closure for the Eid-ul-Azha.

On the day, the investors' participation declined and the turnover went down by 35 per cent compared to previous session on the Dhaka Stock Exchange (DSE).

On the day, the market started the day's session negatively as the broad index DSEX lost around six points within first 22 minutes on the premier bourse.

The DSEX witnessed ups and downs for the next 11 minutes and ended the rest of the session through a sharp rise.

At the end of the session, the DSEX closed at above 4623.98 points and witnessed a rise of 0.49 per cent or 22.89 points.

The DSE Shariah index DSES rose 0.22 per cent or 2.45 points to close at 1111.11 points, whereas the blue chip index DS30 went up by 0.34 per cent or 6.08 points to close at 1765.74 points.

According to International Leasing Securities, the ceramic, services and fuel & power sector experienced sell pressure while buying of shares mostly in life insurance, bank and cement sector assisted the bourse to edge higher.

"Most of the sectors exhibited better performance and top ten traded companies captured almost 37 per cent of the Dhaka bourse's total turnover," said the International Leasing Securities.

Of 318 issues traded, 139 advanced, 130 declined and remaining 49 were unchanged.

The turnover stood at above Tk 3.14 billion which is 34.49 per cent less than the turnover observed on last trading session.

 Among the major sectors based on the market capitalisation, life insurance advanced 1.7 per cent, bank 1.3 per cent and cement 1.2 per cent.

Among the declining sectors, ceramic lost 0.8 per cent, services 0.6 per cent and fuel & power 0.5 per cent.

The investors' attention was mainly concentrated on engineering which captured 20.2 per cent of market turnover followed by pharmaceuticals 13.6 per cent and fuel & power 13.5 per cent.

Lafarge Surma Cement topped the day's volume chart with a turnover of above Tk 248 million followed by ACME Laboratories above Tk 171 million, GPH Ispat above Tk 125 million, Shahjibazar Power Company above Tk 123 million, KDS Accessories above Tk 119 million, Bangladesh Submarine Cable Company above Tk 98 million, United Power Generation and Distribution above Tk 75 million.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI rose 57 points to close at 14211 points.

Of 226 issues traded, 97 advanced, 94 declined and 35 were unchanged and the turnover stood at above Tk 351 million.

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