A-category shares witness Tk 5.80b trading

Dhaka,  Tue,  26 September 2017
Published : 21 Aug 2017, 21:14:04
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A-category shares witness Tk 5.80b trading

Analysis
FE Report


The Dhaka bourse Monday closed marginally higher, breaking the losing streak of three continuous sessions riding on major sectors.  

Among the major sectors, bank and engineering helped the key index close higher.

At the very beginning, the market witnessed ups and downs at a limited scale and continued for 15 minutes on Dhaka Stock Exchange (DSE).

Later, the DSE broad index DSEX witnessed a sharp rise, but failed to sustain for a significant time period. Afterwards, the DSEX witnessed ups and downs and finally closed with a marginal rise.

At the end of the day's session, the DSEX closed at 5,844.11 points with a rise of 0.42 per cent or 24.83 points.

The shariah-based index DSES rose 0.09 per cent or 1.27 points to close at 1,302.32, while the blue chip index DS30 declined 0.04 per cent or 0.91 point to close at 2,097.86.

According to International Leasing Securities, Dhaka stocks returned to the green zone riding on the bank sector stocks after losing 102 points in its benchmark index in the last three consecutive sessions.

"Investors took fresh position on the lucrative price levels in different stocks that helped the bourse to close in green," said the International Leasing Securities.

Meanwhile, bank, engineering and ceramic sectors got most of the buyers' attention while food, fuel & power and travel sectors witnessed selling pressure on Monday, said the International Leasing Securities.

Of 331 issues traded, 160 advanced, 129 declined and 42 were unchanged on the premier bourse DSE.

The turnover stood at above Tk 7.58 billion which was 1.34 per cent less than the turnover of the previous session.

Of total turnover, above Tk 5.80 billion came from transactions of 'A' category shares.

Among the gaining sectors, bank advanced 1.80 per cent, engineering 1.30 per cent, textile 0.30 per cent and financial institutions 0.20 per cent.

Of the declining sectors, food & allied lost 3.0 per cent, pharmaceuticals & chemicals 0.20 per cent and services & real estate 0.20 per cent.

Investors' concentration was concentrated mostly on bank which grabbed 20.90 per cent of market turnover followed by engineering 19.20 per cent and pharmaceuticals & chemicals 13.40 per cent.  

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

BBS Cables topped the turnover chart with a value of Tk 487 million followed by Keya Cosmetics Tk 260 million, LankaBangla Finance Tk 240 million, RSRM Steel Tk 165 million and C&A Textiles Tk 144 million.

BBS Cables was the number one gainer with a rise of 10 per cent to close at Tk 149.70, while Sandhani Life Insurance Company was the worst loser after declining 18 per cent to close at Tk 30.

    mufazzal.fe@gmail.com 
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