Stocks witness profit-booking

Dhaka,  Sun,  28 May 2017
Published : 19 Mar 2017, 20:56:15
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Stocks witness profit-booking

FE Report


The Dhaka bourse Sunday ended flat in red as many investors opted to book profits after three consecutive positive sessions.

On the day, the major sectors showed mixed performance and the broad index shed marginal points amid a moderate rise observed in turnover.

The market started the session positively and continued for an hour.

Later, many investors opted to book profits, and ups and downs were observed during the rest of the session.

Eventually, the market was able to avoid any large fall riding on supports provided by some major sectors such as bank, financial institutions and pharmaceuticals.

At the end of the session, the DSE broad index DSEX shed 0.10 per cent or 5.81 points to close at 5695.45.

The shariah index DSEX went down by 0.24 per cent 3.26 points to close at 1307.81 points, whereas the blue chip index DS30 gained 0.32 per cent or 6.68 points to close at 2066.31 points.

According to a market review of International Leasing Securities, several issues from pharmaceuticals, financial institution and bank sector enjoyed buoyancy while selling of shares mostly from ceramic, cement and fuel & power sector contributed to the fall in indices.

A total of above 0.16 million trades were executed in Sunday's trading session generating a turnover of Tk 11.03 billion with trading volume of 359.12 million securities.

The Sunday's turnover value was 14.49 per cent higher than the turnover of the previous session.

Of 330 issues traded, 133 advanced, 164 declined and 33 were unchanged on the premier bourse.

Among the major sectors, bank advanced 0.1 per cent, financial institutions 0.2 per cent, pharmaceuticals & Chemicals 0.4 per cent, services & real estate 2.0 per cent, and telecommunication 0.1 per cent.

Among the declining sectors, cement lost 0.9 per cent, fuel & power 0.9 per cent, miscellaneous 0.9 per cent, textile 0.2 per cent and travel & leisure 0.1 per cent.

Investors' attention was mostly concentrated on bank which contributed 20.10 per cent in market turnover followed by financial institutions 16.60 per cent, engineering 14.80 per cent, textile 14.10 per cent and pharmaceuticals & chemicals 12.50 per cent.  

LankaBangla Finance topped the turnover chart with a value of Tk 371 million followed by Beximco Pharmaceuticals Tk 326 million, RSRM Steel Tk 299 million, National Bank Limited Tk 288 million and City Bank Tk 275 million.

Non-banking financial institutions dominated the day's gainers' chart and ICB AMCL 1st NRB Mutual Fund was the number one gainer with a rise of 9.63 per cent to close at Tk 23.90.

Mercantile Bank was the number one loser after declining 13.19 per cent to close at Tk 17.10.

The Chittagong Stock Exchange (CSE) started the day positively and witnessed volatility throughout the whole session.

At the end of the session, the benchmark index somehow escaped from negative zone.

The benchmark index CASPI gained 1.53 points to close at 17706.98 points.

Of 253 issues traded, 92 advanced, 131 declined and 30 were unchanged.

The turnover stood at above Tk 720.07 million on the port city bourse.

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