Investors remain active on sector-specific stocks

Dhaka,  Sat,  23 September 2017
Published : 30 Nov 2016, 21:32:09

Investors remain active on sector-specific stocks

FE Report

The Dhaka bourse Wednesday witnessed a marginal rise in key index and a decline as investors opted to book profits.

The market started the session positively and a flat movement was observed for more than 40 minutes. Later, the DSE broad index DSEX witnessed a sharp decline during mid-session. Afterwards, the broad index regained its loss and the session ended with a marginal rise.  

 At the end of the session, the DSEX rose 0.16 per cent or 7.93 points to close at 4801.24 points.

According to International Leasing Securities, the stocks posted marginal gain retorting a single session profit booking sale pressure, as investors remained active on sector specific stocks amid choppy trading.

"Buoyancy in several large-cap issues mostly from ceramic, cement and food & allied sectors has contributed to the upswing in indices," said the International Leasing Securities.

The shariah based index DSES gained 0.45 per cent or 5.11 points to close at 1140.59 points, whereas the blue chip index DS30 went up by 0.41 per cent or 7.27 points to close at 1775.33 points.

"The leading bourse closed marginally higher amid active investors' participation from both sides of the fence," said the EBL Securities.

It said mid-session correction conducted by telecommunication sector returned through robust buoyancy by the end of the day keeping all the prime indices in green zone.

Of 317 issues traded, 131 advanced, 135 declined and 51 were unchanged on the premier bourse.

The turnover stood at above Tk 6.30 billion which is 22 per cent less than the turnover of previous session.

Of total turnover, above Tk 251 million came from transactions executed in spot market.

Large Surma Cement topped the volume chart with a value of Tk 213 million followed by Golden Harvest Agro Industries Tk 203 million, Bangladesh Building System Tk 187 million, Orion Pharma Tk 181 million and Quasem Drycells Tk 165 million.

Golden Harvest Agro Industries was the number one gainer with a rise of 9.79 per cent to close at Tk 42.60.

Prime Textile Spinning Mills was the worst loser after losing 6.07 per cent to close at Tk 20.30.

Among the major sectors based on market capitalisation, IT advanced 4.0 per cent, ceramic 2.9 per cent and cement 2.1 per cent.

The investors' activity was mostly centered on engineering which contributed 18.2 per cent in market turnover followed by textile 11.0 per cent and pharmaceuticals & chemicals 10.7 per cent.
Editor : A.H.M Moazzem Hossain
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