Marginal rise in key index

Dhaka,  Thu,  21 September 2017
Published : 06 Aug 2017, 20:59:25

Marginal rise in key index

Marginal rise in key index
FE Report

Dhaka bourse Sunday closed with a marginal rise in key index riding on investors' increased participation on some major sectors during last two hours of the session.

Active presence of the bargain hunters on the issues mainly from engineering, bank and telecom sectors helped the bourse to close in green, according to institutional investors.

On the day, the turnover, however, went down below Tk 10 billion as many investors created sell pressure to book profits on Dhaka Stock Exchange (DSE).

The DSE featured turnover above Tk 10 billion in previous four sessions.

According to International Leasing Securities, the market Sunday opened with upbeat vibe but the shaky investors started to liquidate their holdings within the first hour to book some quick gain.

After one hour, investors became active on sector specific stocks the broad index followed an upward trend and continued till closure.

Subsequently, gainers took control over the losers on the premier bourse DSE.

At the end of the session, the DSE broad index DSEX closed at 5907.62 points with a rise of 0.46 per cent or 27.18 points.

The shariah based index DSES rose 0.11 per cent or 1.49 points to close at 1313.12 points, while the blue chip index DS30 gained 0.32 per cent or 6.95 points to close at 2130.07 points.

Of 332 issues traded, 153 advanced, 146 declined and 33 were unchanged on the premier bourse.

"Dhaka stocks returned to the green snapping a single session of profit booking sell pressure amidst enthusiastic participation from the investors," said the International Leasing Securities.

The turnover stood at above Tk 9.19 billion which was 14.71 per cent less than the turnover of the previous session.

Among the major sectors based on market capitalisation, general insurance rose 2.4 per cent, engineering 1.9 per cent and bank 1.2 per cent.

Among the declining sectors, services and cement declined 1.7 per cent and 1.0 per cent respectively.

The investors' activity was mostly concentrated on bank which grabbed 26.5 per cent followed by engineering 16.6 per cent and textile 13.0 per cent.

City Bank topped the turnover chart with a value of Tk 360 million followed by BBS Cables Tk 331 million, IFAD Autos Tk 331 million, LankaBangla Finance Tk 312 million and C & A Textiles Tk 245 million.

Top gainers and losers list comprised of mostly from small cap stocks whereas the turnover list was dominated by the large cap securities.

BBS Cables was the number one gainer with a rise of 9.84 per cent to close at Tk 92.60 per share, while Information Services Network was the worst loser after declining 6.25 per cent to close at Tk 21.

On Chittagong Stock Exchange (CSE), the benchmark index CASPI also observed ups and downs during first hour of the session.

Later, the port city bourse witnessed investors' participation and at the end of the session the CASPI closed at 18324.03 points, edged by 87.46 points.

Of 255 issues traded, 123 advanced, 106 declined and 26 were unchanged.

The turnover stood at above Tk 635.98 million on the port city bourse CSE.
Editor : A.H.M Moazzem Hossain
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