Major sectors witness mixed performance

Dhaka,  Monday,   2016-09-21
Published : 21 Sep 2016, 21:41:00

Major sectors witness mixed performance

Analysis
FE Report


The Dhaka bourse Wednesday continued upward trend with an improved turnover for twelve consecutive sessions following the 'buying spree' of optimistic investors.

On the day, all indices witnessed marginal rise and turnover crossed Tk 6.0 billion-mark after mid January this year riding on investors' increased participation.

At the end of the session, the DSE broad index DSEX witnessed a rise of 0.45 per cent or 21.01 points to close at 4660.14 points.

The DSE Shariah index DSES gained 0.18 per cent or 2.04 points to close at 1118.15 points, whereas the blue chip index DS30 went up by 0.17 per cent or 3.10 points to close at 1773.45 points.

"Investors seemed very vibrant with transaction. Major sectors performed mixed while small cap stocks put an improved show," said a market commentary of the MTB Capital.

It said almost all big stocks like bank, engineering, NBFI and pharmaceuticals motivated investors to remain in the market.

Of 322 issues traded, 172 advanced, 91 declined and 59 were unchanged on the premier bourse.

The turnover stood at above Tk 6.14 billion which was 14.56 per cent higher than the turnover of the previous session.

According to another market commentary of International Leasing Securities, "The capital market closed in higher Wednesday, after a steady motionless vibe, as the optimistic investors continued their buying spree on sector specific stocks."

Jute was the best gainer followed by service and travel, whereas food was the worst loser followed by cement and telecom.

Among improving sectors, bank advanced 0.60 per cent, ceramics 0.91 per cent, engineering 1.66 per cent, insurance 0.79 per cent, IT 0.78 per cent, jute 9.26 per cent, miscellaneous 1.27 per cent, NBFI 1.46 per cent, paper 1.30 per cent, pharmaceuticals 0.69 per cent, power 1.11 per cent, service 4.04 per cent and travel 2.88 per cent.

Among the declining sectors, cement lost 0.37 per cent, food 1.11 per cent and telecom 0.18 per cent.

The investors' attention was mainly concentrated on engineering which captured 20.6 per cent of market turnover followed by pharmaceuticals & chemicals 16.8 per cent and fuel & power 11.0 per cent.

ACME Laboratories topped the volume chart with a turnover of above Tk 326 million followed by Square Pharmaceuticals above Tk 288 million, SINGER BD above 223 million, Bangladesh Submarine Cable Company above Tk 222 million, National Tubes above Tk 145 million and GPH Ispat above Tk 143 million.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI gained 37 points to close at above 14306 points.

Of 253 issues traded, 121 advanced, 89 declined and 43 were unchanged and the turnover stood at above Tk 323 million.

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