Major sectors witness mixed performance amid volatility

Dhaka,  Tue,  19 September 2017
Published : 14 Jun 2017, 20:56:02

Major sectors witness mixed performance amid volatility

FE Report

The Dhaka stocks Wednesday closed marginally higher as major sectors showed mixed performance amid volatility observed throughout the whole session.

The market closed positively mainly riding on financial institutions, food & allied, textile and telecommunication sectors.  

Investors' participation, however, increased in share trading and the Dhaka Stock Exchange (DSE) featured a turnover of above Tk 5.0 billion.

At the end of the day's trading session, the DSE broad index DSEX closed at 5,459.72 points with a rise of 0.09 per cent or 4.93 points.

The shariah-based index DSES lost 0.06 per cent or 0.80 point to close at 1,260.19 points, while the blue chip index DS30 went up by 0.02 per cent or 0.50 points to close at 2,027.14.

According to International Leasing Securities, the market finished the day's session in marginally higher note amid choppy trading as investors were active on both the sides of the trading fence.

It said the market started with buoyancy, but the risk-averse investors prompted to take capital gain within the first hour.

"The optimistic investors were reshuffling their portfolios ahead of June closing year-end. IT, textile, financial institution, food and cement sectors got most of the buyers' attention," said the International Leasing Securities.

Of 326 issues traded, 160 advanced, 115 declined and 51 were unchanged on the premier bourse.

Due to increased participation, the turnover Wednesday rose 36.56 per cent to close at above Tk 5.47 billion.

Investors' activities were concentrated mostly on textile which had 18.30 per cent contribution to market turnover followed by pharmaceuticals & chemicals 15.30 per cent, engineering 10.60 per cent and food & allied issues 10.50 per cent.

Fine Foods topped the gainers' chart with a rise of 7.26 per cent to close at Tk 31, while Yeakin Polymer was the worst loser after declining 6.41 per cent to close at Tk 24.80.
Editor : A.H.M Moazzem Hossain
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