Investors remain watchful on DSE: Analysis

Dhaka,  Sat,  24 June 2017
Published : 18 Jun 2017, 21:24:55 | Updated : 18 Jun 2017, 21:26:17
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Investors remain watchful on DSE: Analysis

FE Report


The Dhaka bourse Sunday closed flat in red as major sectors declined amid volatility observed throughout the whole session.

Among the major sectors, other than the textile, engineering, financial institutions and fuel & power witnessed correction.

The textile dominated the turnover chart with its sole contribution of 24.40 per cent in market turnover.

Investors' participation declined marginally and the turnover went down below Tk 5.0 million on Dhaka Stock Exchange (DSE).

Just after the starting of the day's session, the DSE broad index DSEX observed volatility that continued till the closure.

At the end of the session, all indices and turnover closed with marginal loss.

Investors remain watchful on DSE: AnalysisThe DSE broad index DSEX closed at 5,461.63 points with a loss of 0.12 per cent or 6.69 points.

The shariah-based index DSES declined 0.10 per cent or 1.34 points to close at 1,260.57 points, while the blue chip index DS30 went down by 0.01 per cent to close at 2,031.01.

According to EBL Securities, the premier bourse declined marginally as investors were in profit-booking mood ahead of Eid festival.

"Investors' watchful stance pulled down the index to red zone as selling pressure was observed on sector-specific stocks, especially stocks from fuel & power, financial institutions and cement sectors," said the EBL Securities.

Of 328 issues traded, 101 advanced, 176 declined and 51 were unchanged on the premier bourse.

A total number of 0.08 million trades were executed in Sunday's trading session, generating a turnover of Tk 4,73 billion with trading volume of 144.28 million securities.

On Sunday, the turnover declined 10.71 per cent compared to the previous session.

Among the sectors which gained, bank advanced 0.2 per cent, miscellaneous 0.9 per cent, service & real estate 1.4 per cent and travel & leisure 0.7 per cent.  

Pharmaceuticals & chemical sector captured 14 per cent of the market turnover followed by bank 12.50 per cent, financial institutions 9 per cent, fuel & power 8.40 per cent and miscellaneous 5.70 per cent.

Paramount Textile topped the turnover chart with a value of Tk 231 million followed by Argon Denims Tk 180 million, Regent Textile Tk 169 million, Nurani Dyeing & Sweater Tk 154 million and SAIF Powertec Tk 115 million.

SEML IBBL Shariah Fund was the number one gainer with a rise 8.13 per cent to close at Tk 9.30, while First Finance Limited was the worst loser after declining 5.60 per cent to close at Tk 10.10.

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