Stocks see rise in index, turnover

Dhaka,  Mon,  25 September 2017
Published : 16 Oct 2016, 22:07:45 | Updated : 16 Oct 2016, 23:19:09

Stocks see rise in index, turnover

Stocks see rise in index, turnover
FE Report

The Dhaka stocks Sunday ended the session with a marginal rise in broad index and turnover as well due to mixed performance of large-cap companies.

Stocks see rise in index, turnoverOn the day, most of the banks went green as the sector attracted the buyers' attention on the Dhaka Stock Exchange (DSE).

The bank issues dominated the chart of the top gainers along with playing a significant role for the improved turnover featured by the premier bourse.

On the other hand, the power companies ensured their dominating position in the turnover chart.

The market on the first trading session of the week started the session positively but shortly afterwards the DSE broad index, DSEX witnessed a down trend.

The DSEX, however, later overcame the loss and the ended the session with a rise of 0.17 per cent or 8.31 points to close at 4709.62.

"Auspicious macro-economic pointers along with the last months stable capital market picture tempted the optimistic investors to take position on large-cap stocks, taking the benchmark index to 4,700-mark amid optimism," said a market review of International Leasing Securities.

It also said the cheerfulness continued throughout the Sunday's session after the first hour profit booking sell pressure.

The DSE Shariah index DSES lost 0.02 per cent to close at 1123.28 points, whereas the blue chip index DS30 declined 0.15 per cent to close at 1764.77 points.

Of 323 issues traded, 137 advanced, 135 declined and 51 were unchanged on the premier bourse.

At the end of the session, the turnover stood at above Tk 4.83 billion which was 18.60 per cent higher than the turnover of previous session.

"The activity from the participants edged higher as denoted the increase in market turnover value by 18.60 per cent over the previous session," said the International Leasing Securities.

Among the sectors based on market capitalisation, the bank witnessed highest return of 0.9 per cent.

Among other improving sectors, IT advanced 1.9 per cent, Jute 1.3 per cent, paper & printing 4.9 per cent, pharmaceuticals 0.3 per cent, tannery 0.5 per cent and ceramic 0.1 per cent.

Among the losing sectors, engineering declined 1.0 per cent, cement 0.8 per cent, miscellaneous 0.5 per cent and travel & leisure 1.4 per cent.

The investors' activity was mostly centered on bank which captured 18.6 per cent of market turnover followed by fuel & power 17.7 per cent and engineering 14.6 per cent.

Titas Gas topped the volume chart with turnover of Tk 268 million followed by National Bank Limited Tk 178 million, BSRM Limited Tk 160 million, BBS Tk 123 million and MJL Bangladesh Tk 111 million.

Hakkani Pulp was the number one gainer with 9.95 per cent price hike to close at Tk 54.10.

On the other hand, Shyampur Sugar Mills was the worst loser with a loss of 4.76 per cent to close at Tk 12.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI rose 49 points to close at 14487.

Of 244 issues traded, 113 advanced, 100 declined and 31 were unchanged and the turnover stood at above Tk 312 million.
Editor : A.H.M Moazzem Hossain
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