Dhaka stocks close in green zone

Dhaka,  Wed,  20 September 2017
Published : 10 Aug 2017, 21:08:26
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Dhaka stocks close in green zone

Analysis
FE Report


Dhaka stocks on Thursday returned to the green after two sessions of marginal corrections, as some enthusiastic investors jumped onto the sector-specific stocks.

"After taking mild correction in previous two sessions, stocks supported the buying interest amidst increased participation of the investors," said a market review of the International Leasing Securities.

It said the benchmark index of the premier bourse crossed 5,900 points, riding on the buoyancy in the large-cap stocks, especially from cement, telecoms and bank sectors.

At the end of the session, the DSEX closed at 5901.80 points with a rise of 0.19 per cent or 11.67 points.

"Some risk-averse investors opted to book some quick gain on engineering, financial institutions, textile and fuel & power sectors," said the International Leasing Securities.

Of 332 issues traded, 115 advanced, 173 declined and 44 remained unchanged on the premier bourse DSE.

The turnover stood at above Tk 9.61 billion which was 11 per cent higher, compared to the previous session.

Of the major sectors based on market capitalisation, telecommunications advanced 1.0 per cent followed by pharmaceuticals & chemicals (1.0 per cent), bank (0.8 per cent) and tannery (0.6 per cent).

Of the declining sectors, engineering sector shed 0.6 per cent, fuel & power 0.4 per cent, financial institutions 0.6 per cent, services & real estate 1.9 per cent and textile 0.5 per cent.

Investors' participation was concentrated mostly on banking sector which captured 21 per cent of the market turnover followed by textile (16.60 per cent) and engineering (14.30 per cent).

C&A Textile topped the turnover chart with a value of Tk 605 million, followed by Fortune Shoes (Tk 390 million), IFAD Autos (Tk 340 million), BBS Cables (Tk 332 million) and City Bank (Tk 256 million).

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