Active investors see volatile market

Dhaka,  Sat,  23 September 2017
Published : 15 Jun 2017, 21:29:06

Active investors see volatile market

FE Report

The Dhaka stocks on Thursday went through another session of volatility before closing flat in the positive territory.

On the day, the major sectors performed mixed and investors were active from both sides of the trading fence.

The indices of the Dhaka Stock Exchange (DSE) closed marginally higher with support from bank, engineering and pharmaceuticals & chemical sectors.

The market started the session on a positive note but witnessed fluctuations throughout the entire session. However, the DSE broad index closed with a marginal rise.

At the end of the session, the DSEX rose 0.15 per cent or 8.60 points to close at 5468.32 points.

According to EBL Securities, the premier bourse saw a winning session and edged higher amid 'optimism'.

"Optimistic investors spurred their buoyancy in sector-specific stocks, especially from pharmaceuticals & chemicals, bank and miscellaneous sectors," said the EBL Securities.

The shariah-based index, DSES, closed at 1261.91 points with a rise of 0.13 per cent or 1.72 points, while the blue chip index DS30 went up by 0.20 per cent or 4.14 points to close at 2031.29 points.

Of 330 issues traded, 150 advanced, 119 declined and 61 were unchanged on the premier bourse.

The turnover stood at above Tk 5.30 billion, which was 3.12 per cent less than the turnover of the previous session.

Of the total turnover, Tk 795 million came from transactions executed in block board.

According to a leading brokerage firm, securities from miscellaneous, pharmaceutical and bank sectors experienced buying pressure while cement, financial institution and textile sectors witnessed selling pressure.

Among the gaining sectors, banks advanced 0.3 per cent, engineering 0.1 per cent, pharmaceuticals & chemicals 0.4 per cent and telecommunication 0.1 per cent.

Among the declining sector, financial institutions went down by 0.4 per cent, while food & allied sector declined 0.1 per cent, textile 0.2 per cent and travel & leisure 0.2 per cent.

Investors' concentrated mostly on the textile sector which captured 17.5 per cent of the market turnover followed by banks (16.40 per cent), pharmaceuticals & chemicals (12.50 per cent), fuel & power (9.30 per cent), engineering (8.60 per cent) and financial institutions (8.30 per cent).

Paramount Textile topped the turnover chart with a value of Tk 213 million followed by Bangladesh Finance and Investment Company (Tk 137 million), Appollo Ispat Complex (Tk 126 million), Nurani Dyeing & Sweater (Tk 118 million) and SAIF Powertec (Tk 104 million).

The National Tea Company was the No. 1 gainer with a rise of 7.50 per cent to close at Tk 677.90, while the First Finance topped the list of losers after declining 9.32 per cent to close at Tk 10.70.
Editor : A.H.M Moazzem Hossain
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