Pharma, chemical issues attract investors

Dhaka,  Wed,  26 July 2017
Published : 14 May 2017, 20:56:36
printer

Pharma, chemical issues attract investors

Analysis
FE Report


The Dhaka bourse Sunday witnessed a moderate loss in key index and turnover as major sectors declined following the pressure of sale from investors observed throughout the whole session.

At the end of the session, the broad index of the premier bourse DSEX lost 0.65 per cent or 36.13 points to close at 5,460.07.

According to MTB Capital, the premier bourse opened with a negative mood and continued the same till the closure.

"Most of the sectors failed to perform as sellers were busy in offloading and spreading their velocity of selling with progression of time," said the MTB Capital.

The shariah-based index DSES declined 0.40 per cent or 5.16 points to close at 1,268.22, while the blue-chip index DS30 went down by 0.29 per cent or 6.0 points to close at 2,017.95.

The EBL Securities said the market declined almost throughout the whole session as risk-averse investors spurred their sales on large-cap stocks majority from bank, financial institutions and fuel & power sectors.

Of 326 issues traded, 84 advanced, 205 declined and 37 were unchanged on the premier bourse.

A total number of above 0.105160 million trades were executed in the day's trading session generating a turnover of above 5.50 billion with trading volume of 157.68 million securities.

The Sunday's turnover was 20 per cent less than the turnover of the previous session.

According to LankaBangla Securities, all the major sectors Sunday closed negative except paper & printing, food & allied and pharmaceuticals registering a marginal rise on the premier bourse.

Among the major sectors, financial institutions declined 0.9 per cent followed by bank 0.8 per cent, engineering 0.5 per cent, fuel & power 0.5 per cent and telecommunication 0.2 per cent.

Among the sectors which rose marginally, food & allied sector advanced 0.1 per cent, tannery 0.1 per cent and jute 6.0 per cent.

Investors' activities were concentrated mostly on pharmaceuticals & chemicals which contributed 16.30 per cent in market turnover followed by textile 15 per cent, fuel & power 13.90 per cent, bank 11.20 per cent and financial institutions 12.10 per cent.

Doreen Power Generation and Distribution Company topped the turnover chart with a value of Tk 306 million followed by RSRM Steel Tk 281 million, ACI Tk 270 million, Shahjibazar Power Company Tk 143 million and LankaBangla Finance Tk 135 million.

Northern Jute Manufacturing Company was the number one gainer with a rise of 8.74 per cent to close at Tk 431.70, while Fareast Finance & Investment topped the losers' chart after declining 9.62 per cent to close at Tk 12.20.

    mufazzal.fe@gmail.com
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close