Major sectors witness mixed performance

Dhaka,  Fri,  22 September 2017
Published : 17 Apr 2017, 21:29:47

Major sectors witness mixed performance

FE Report

The Dhaka bourse Monday came out of red zone after the losses observed in previous eight consecutive sessions as major sectors performed mixed.

The market started the session positively, but shortly afterwards the broad index of Dhaka Stock Exchange (DSE) started to decline and continued for 20 minutes.

Later, a buying spree was observed and the DSEX minimised loss and eventually ended the session with a marginal rise.  

At the end of the session, the DSEX declined 0.05 per cent or 3.29 points to close at 5596.12.

The shariah index DSES lost 0.01 per cent or 0.24 points to close at 1287.01, whereas the blue chip index DS30 went down by 0.30 per cent or 6.32 points to close at 2066.02.

According to MTB Capital, the premier bourse opened with a positive mood, but with progression of time it observed several see-saw movements and closed in flat zone.

"During midsession, the buying spree was profound as lucrative price level of most of the stocks attracted optimistic buyers," said the MTB Capital.

It said some of the major sectors, especially power, NBFI and pharmaceuticals, tried to minimise loss in indices.

Of 325 issues traded, 123 advanced, 163 declined and 39 were unchanged on the premier bourse.

The turnover stood at above Tk 7.60 billion which was 5.0 per cent higher than the turnover of the previous session.

Of total turnover, Tk 320 million came from transactions executed in block board.

Among the gaining sectors, bank advanced 0.3 per cent, fuel & power 1.0 per cent and pharmaceuticals & chemicals 0.1 per cent.

Among the losing sectors, engineering lost 0.5 per cent, financial institutions 0.4 per cent, miscellaneous 0.5 per cent, telecommunication 0.5 per cent, textile 1.9 per cent and travel 0.5 per cent.

Investors' activities were concentrated mostly on financial institutions which captured 16.80 per cent of market turnover followed by bank 14.90 per cent, fuel & power 14.30 per cent, textile 14.20 per cent and pharmaceuticals & chemicals 13.90 per cent.

LankaBangla Finance topped the turnover chart with a value of Tk 584 million followed by Shahjibazar Power Company Tk 334 million, RSRM Steel Tk 295 million, Doreen Power Tk 257 million and Central Pharmaceuticals Tk 221 million.

Republic Insurance Company was the number one gainer with a rise of 7.61 per cent to close at Tk 32.50, whereas Phoenix Insurance topped the losers' chart after declining 7.43 per cent to close at Tk 29.90.
Editor : A.H.M Moazzem Hossain
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