Engineering, pharma, textile issues attract investors: Analysis

Dhaka,  Mon,  25 September 2017
Published : 09 Jul 2017, 21:55:43
printer

Engineering, pharma, textile issues attract investors: Analysis

Engineering, pharma, textile issues attract investors: Analysis
FE Report


The Dhaka bourse Sunday closed higher after a profit booking session as major sectors performed positively.

On the day, the key index and turnover value rose marginally riding on engineering, pharmaceuticals and textile sectors.

The market started the session positively and a steady movement was observed till the closure of trading on the Dhaka Stock Exchange (DSE).

At the end of the session, the DSE broad index DSEX closed at 5,774.29 points with a rise of 0.42 per cent or 24.63 points.

The shariah-based index DSES rose 0.54 per cent or 7.10 points to close at 1,314.07 points, while the blue chip index DS30 went up by 0.22 per cent or 4.70 points to finish at 2,108.27.

Of the 327 issues traded, 188 advanced, 100 declined and 39 were unchanged on the premier bourse.

According to International Leasing Securities, the session started with an upbeat vibe and continued till the closure as the enthusiastic investors were active on the trading floor.

"Several issues from textile, engineering, cement and pharmaceuticals sectors provided support to the upswing of indices whereas telecom, food and financial institution sectors observed selling pressure," said the International Leasing Securities.

The turnover stood at above Tk 11.60 billion which was 15.41 per cent higher than the turnover of the previous session.

Among the gaining sectors, engineering advanced 1.1 per cent, fuel & power 0.4 per cent, pharmaceuticals & chemicals 0.6 per cent, textile 2.1 per cent and travel & leisure 2.0 per cent.

Among the declining sectors, financial institutions lost 0.2 per cent, telecommunication 0.8 per cent and food & allied 0.6 per cent.

Investors' participation was concentrated mostly on textile sector which captured 22.30 per cent of the market turnover followed by pharmaceuticals & chemicals 15.40 per cent, fuel & power 10.40 per cent and bank 7.80 per cent.

Keya Cosmetics topped the turnover chart with a value of Tk 780 million followed by MJL Bangladesh Tk 373 million, Confidence Cement Tk 305 million, C&A Textiles Tk 288 million and Regent Textile Tk 284 million.

The Peninsula Chittagong was the number one gainer with a rise of 8.58 per cent to close at Tk 32.90, while Asia Pacific General Insurance Company was the worst loser after declining 5.17 per cent to close at Tk 22.

    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