Fundamentally-sound stocks inspire investors to inject fund

Dhaka,  Mon,  25 September 2017
Published : 24 Nov 2016, 21:38:17

Fundamentally-sound stocks inspire investors to inject fund

FE Report

The Dhaka bourse on Thursday remained vibrant for the third session in a row as the cheerful investors stayed active on sector-specific stocks amid optimism, market reviews said.

The market started the day's session on a flying note and continued for half an hour on the Dhaka Stock Exchange (DSE).

Later, the DSE broad index DSEX lost some points and eventually posted a moderate rise.

According to International Leasing Securities, positive momentum in some large-cap stocks especially from bank, textile, engineering and fuel & power sector created vibration in the investors' temper.

"Lucrative price level in several fundamentally-sound stocks also tempted them to inject fund in the market," said the International Leasing Securities.

It said activities of the enthusiastic investors continued to be healthy being supported by the favorable macro-economic indicators.

At the end of the day's session, the point-to-point estimate revealed that broad index DSEX, blue-chip index DS30 and shariah-based index DSES surged by 25.98 points, 5.47 points and 4.08 points respectively compared to their previous day's level.

Of the 319 issues traded, 173 advanced, 120 declined and 26 remained unchanged on the premier bourse.

At the end of the day's session, the turnover stood at above Tk 6.58 billion.

"Country's leading bourse ended on a positive flat note on Thursday amid choppy trading throughout the session," said the EBL Securities.

Among the major sectors based on market capitalisation, mutual fund advanced 4.7 per cent, travel 2.5 per cent and bank 1.1 per cent.

Among the declining sectors, food & allied and telecom lost 0.8 per cent and 0.7 per cent respectively.

The investors' activity was mostly centered on the banks which contributed 18.3 per cent in market turnover, followed by textile 14.2 per cent and engineering 10.8 per cent.

Doreen Power Generations and Systems topped the volume chart with a value of Tk 270 million followed by BEXIMCO Limited Tk 233 million, Generation Next Fashions Tk 181 million, Bangladesh Building Systems Tk 171 million and City Bank Tk 153 million.
Editor : A.H.M Moazzem Hossain
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