Investors take position on sector-specific stocks

Dhaka,  Thu,  27 July 2017
Published : 12 Mar 2017, 21:20:15
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Investors take position on sector-specific stocks

FE Report


The Dhaka bourse Sunday witnessed marginal rise in broad index and turnover amid mixed performance showed by the major sectors.

At the end of the session, the DSE broad index DSEX gained 0.08 per cent or 4.63 points to close at 5676.25 points.

According to a market review of International Leasing Securities, the benchmark index closed in flat amid choppy trading as investors were active in both sides of the trading fence throughout the session.

The shariah index DSES shed 0.25 per cent or 3.37 points to close at 1308.80 points, whereas the blue chip index DS30 went up by 0.26 per cent or 5.39 points to close at 2055.02 points.

"The market opened higher, but within the first hour the risk-averse investors went for profit booking frenzy," said the International Leasing Securities.

It said that the active presence of the sellers dominated the session while the bargain hunters took position on sector-specific stocks ahead of financial sectors dividend declaration. Of 330 issues traded, 145 advanced, 145 declined and 40 were unchanged on the premier bourse DSE.

A total of above 0.19 million trades were executed in Sunday's trading session generating a turnover of above Tk 12.85 billion with trading volume of 388.15 million securities. The day's turnover was 8.44 per cent higher than the turnover of the previous session.

Of total turnover, above Tk 585.78 million came from transactions executed in spot market. According to another market review of LankaBangla Securities, general insurance, paper & printing, and pharmaceuticals were among the top gaining sectors, whereas cement, service & real estate, and IT Sector were among the top losing sectors.

Among the major sectors based on market capitalisation, cement witnessed 1.4 per cent correction followed by IT 0.9 per cent and services 0.8 per cent. Among the gaining sectors, general insurance advanced 2.3 per cent, bank 0.2 per cent and pharmaceuticals 0.2 per cent.

The investors' activity was mostly centered on financial institution which captured 17.8 per cent in market turnover followed by pharmaceuticals 16.8 per cent and textile 13.6 per cent.

LankaBangla Finance topped the turnover chart with a value of Tk 693 million followed by BEXIMCO Tk 651 million, Far Chemical Industries Tk 515 million, Beximco Pharmaceuticals Tk 345 million and Shepherd Industries Tk 335 million.

Continental Insurance topped the gainers' chart with a rise of 9.87 per cent to close at Tk 26.70, whereas LankaBangla Finance was the number one loser after declining 11.12 per cent to close at Tk 59.90.

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