Market sees volatility on DSE

Dhaka,  Tue,  19 September 2017
Published : 08 Aug 2017, 22:03:08
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Market sees volatility on DSE

Analysis
FE Report


The premier bourse of the country Tuesday witnessed correction amidst the 'mixed' trading behaviour of the investors and major sectors.

According to institutional investors, turnover and indices declined as investors booked profits from the securities of banking sector.

From the beginning of the session, the market observed volatility that continued till the closure.

At the end of the session, the DSE broad index DSEX closed at 5,897.67 points with a loss of 0.29 per cent or 15.92.

The shariah-based index DSES gained 0.01 per cent to close at 1,309.35 points, while the blue chip index declined 0.25 per cent to close at 2,119.65 points.

According to International Leasing Securities, investors booked quick gain on the bank sector stocks that saw price surge over the last few sessions while the bargain hunters took position on the lucrative price levels in sector-specific stocks.

"Investors' selling spree was observed in different sectors, especially in mutual fund, bank and travel sectors where textile, services and fuel & power sectors observed buoyancy," according to International Leasing Securities.

Of the 330 issues traded, 121 advanced, 164 declined and 45 were unchanged on the premier bourse DSE.

A total number of above 0.14 million trades were executed in the day's trading session, generating a turnover of above Tk 9.44 billion with trading volume of 341.97 million securities.

Tuesday's turnover was 20.40 per cent less than the turnover of previous session.

Of the total turnover, above 7.65 billion came from transactions of 'A' category securities.

Among the major sectors based on market capitalisation, bank, general insurance and travel & leisure declined by 0.90 per cent, 0.1 per cent and 0.8 per cent respectively.

Among the gaining sectors, financial institutions advanced 0.1 per cent, fuel & power 0.3 per cent, tannery 0.2 per cent and textile 0.8 per cent.

Investors' participation was concentrated mostly on bank which grabbed 32 per cent of the market turnover followed by textile 14.70 per cent and engineering 12.60 per cent.

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

C&A Textile topped the turnover chart with a value of Tk 435 million followed by BBS Cables Tk 372 million, City Bank Tk 285 million, IFIC Bank Tk 279 million and IFAD Autos Tk 250 million.

Bangladesh Lamps was the number one gainer with a rise of 11.64 per cent to close at Tk 204.20, while Dulamia Cotton was the worst loser after declining 4.72 per cent to close at Tk 12.10.

    mufazzal.fe@gmail.com
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