Tk 285m comes from block trade

Dhaka,  Thu,  21 September 2017
Published : 19 Apr 2017, 21:27:22

Tk 285m comes from block trade

FE Report

The country's premier bourse Wednesday closed with a marginal loss for the second consecutive session as major sectors witnessed selling pressure.

Just after starting of the session with a positive mood, the broad index of the Dhaka Stock Exchange (DSE) witnessed a straight fall and continued for around 20 minutes.

Later, a recovery stance was observed and the broad index DSEX minimised some losses and ended the session through see-saw movements.   

At the end of the session, the DSEX declined 0.29 per cent or 16.42 points to close at 5555.

The shariah-based index DSES lost 0.22 per cent or 2.83 points to close at 1279.71, whereas the blue chip index DS30 went down by 0.04 per cent or 1.0 point to close at 2055.16.

The EBL Securities said the premier bourse DSE edged flat negative amid see-saw movements.

"Session in the market started with a downbeat tune that reversed with short jump after a while especially riding on food & allied and telecommunication sectors," said the EBL Securities.

Though investors were active from both sides of the trading fence, a robust tendency of profit booking was observed on stocks such as bank and financial institutions sectors which kept the market in red zone, according to the EBL Securities.

Of total issues, 144 advanced, 146 declined and 37 were unchanged on the premier bourse.

The turnover stood at above Tk 6.84 billion which is 3.06 per cent less than the turnover of the previous session.

Of total turnover, Tk 285 million came from transactions executed in block board.

Among the losing sectors, bank declined 0.90 per cent, financial institutions 0.5 per cent, general insurance 0.2 per cent, textile 0.6 per cent and travel & leisure 0.3 per cent.

Among the gaining sectors, food & allied advanced 1.1 per cent, fuel & power 0.3 per cent, jute 4.20 per cent, mutual fund 1.6 per cent and services & real estate 1.4 per cent.

Investors' activities were concentrated mostly on financial institutions which contributed 15.60 per cent in market turnover followed by bank 14 per cent, fuel & power 13.30 per cent and textile 12.40 per cent.

Shahjibazar Power Company topped the turnover chart with a value of Tk 385 million followed by LankaBangla Finance Tk 348 million, SAIF Powertec Tk 217 million, BDCOM Tk 178 million and City Bank Tk 166 million.

Islamic Finance & Investment was the number one gainer with a rise of 9.71 per cent to close at Tk 27.10, whereas LankaBangla Finance topped the losers' chart after losing 9.80 per cent to close at Tk 18.40.
Editor : A.H.M Moazzem Hossain
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