Major sectors witness mixed performance on DSE

Dhaka,  Sat,  19 August 2017
Published : 16 Jul 2017, 22:06:35
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Major sectors witness mixed performance on DSE

Analysis
FE Report


The Dhaka bourse Sunday closed higher along with featuring a moderate rise in turnover value.

The major sectors such as bank, engineering, fuel & power, pharmaceuticals & chemicals showed mixed performance.

The textile sector played a pivotal role in turnover value featured by the Dhaka Stock Exchange (DSE).

The market started the session positively and the DSE broad index DSEX continued upward trend for 50 minutes. Later, the DSEX witnessed some correction and closed the session with a marginal rise.

At the end of the session, the DSEX closed at 5,844.72 points with a rise of 0.16 per cent or 9.85 points.

The shariah-based index DSES rose 0.03 per cent or 0.41 points to close at 1,327.40, while the blue chip index DS30 went up by 0.10 per cent or 2.20 points to close at 2,133.36.

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

"The market started with buoyancy, but the risk-averse investors prompted to take capital gain within the first half. However, the optimistic investors were reshuffling their portfolios expecting better dividends and earnings disclosures," said the International Leasing Securities.

Of 330 issues traded, 156 advanced, 142 declined and 32 were unchanged on the premier bourse.

The turnover stood at above Tk 12.63 billion which was 25 per cent higher than the turnover of the previous session.

Of total turnover, above Tk 11.58 billion came from transactions of 'A' category securities, Tk 384 million from 'B' category securities, Tk 229 million from 'N' category securities, Tk 256 million from 'Z' category securities and Tk 137 million from the units of mutual funds.

Among the declining sectors, bank lost 0.2 per cent, fuel & power 0.5 per cent and pharmaceuticals & chemicals 0.3 per cent.

Among the gaining sectors, engineering advanced 1.2 per cent, financial institutions 0.3 per cent, service & real estate 0.1 per cent, telecommunication 1.6 per cent and textile 0.8 per cent.

IFAD Autos topped the turnover chart with a value of Tk 734 million followed by Confidence Cement Tk 700 million, Keya Cosmetics Tk 521 million, Doreen Power Generations and Systems Tk 484 million and United Power Generation and Distribution Company Tk 416 million.

Peoples Leasing and Financial Services was the number one gainer with a rise of 10 per cent or Tk 1.10 to close at Tk 12.10, while Nurani Dyeing & Sweater was the worst loser after declining 5.64 per cent or Tk 1.50 to close at Tk 25.20.

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