DSE ends flat amid choppy trading

Dhaka,  Fri,  22 September 2017
Published : 13 Apr 2017, 21:29:23

DSE ends flat amid choppy trading

FE Report

The Dhaka bourse on Thursday closed almost flat amid see-saw movements, observed throughout the session.

On the day, the indices declined marginally while the turnover witnessed a moderate loss due to the investors' low participation.

At the end of the session, the DSE broad index - DSEX - lost 0.51 point to close at 5,645.86 points.

According to AT Capital Partners, after gaining 22 points in first 30 minutes, DSEX declined steadily in next two hours, shedding 40 points.

The shariah-based index - DSES - declined 0.28 per cent or 3.66 points to close at 1,294.87 points, while blue chip index - DS30 - went down by 0.29 per cent or 6.26 points to close at 2,087.33 points.

According to EBL Securities, the premier bourse of the country ended in red amid see-saw movements.

Thursday's session started with an optimistic tune that remained for a short period, while the opportunistic investors showed their optimism in sector-specific stocks, majority from food & allied and textile sectors, said EBL Securities.

It also said the wining spell reversed within a short jump, as selling pressure was observed in different sectors, especially in telecommunication and financial institutions (FI).

Of the total issues traded, 157 advanced, 121 declined and 46 remained unchanged on the premier bourse.

According to LankaBangla Securities, a total of above 0.10 million trades were executed in Thursday's trading session, generating a turnover of above Tk 5.95 billion with trading volume of 182.43 million securities.

The day's turnover was 16.66 per cent lower than the turnover of the previous session. Of the total turnover, Tk 121 million came from transactions executed in spot market.

Among the declining sectors, financial institutions lost 0.8 per cent, pharmaceuticals & chemicals 0.2 per cent, and telecommunication 1.1 per cent.

Investors' activities were concentrated mostly on textile, which contributed to 21.90 per cent in market turnover, followed by bank 18 per cent, FI 11.1 per cent, and engineering 10.20 per cent.

LankaBangla Finance topped the turnover chart with a value of Tk 214 million, followed by Paramount Textile Tk 210 million, Tung Hai Knitting & Dyeing Tk 205 million, IDLC Tk 182 million, and Doreen Power Tk 156 million.

Regent Textile Mills witnessed the highest price hike of 8.59 per cent to close at Tk 34.10 per share, whereas Phoenix Insurance topped the losers chart after declining 6.67 per cent to close at Tk 29.30 per share.

Editor : A.H.M Moazzem Hossain
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