Investors opt to book quick gain on DSE

Dhaka,  Tue,  26 September 2017
Published : 23 Aug 2017, 22:10:27
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Investors opt to book quick gain on DSE

Analysis
FE Report


The Dhaka bourse Wednesday closed marginally lower as major sectors witnessed correction.

The market observed volatility throughout the whole session as investors opted to book profits on Dhaka Stock Exchange (DSE).

At the end of the session, the DSE broad index DSEX closed at 5,855.87 points with a loss of 0.11 per cent or 6.45 points.

The shariah-based index DSES shed 0.24 per cent or 3.14 points to close at 1,304.24 while the blue chip index DS30 lost 0.04 per cent or 1.03 points to close at 2,120.29.

According to EBL Securities, the capital market witnessed correction after two positive closuring of two previous sessions as investors opted to book quick gain ahead of Eid-ul-azha.

Market initiated with an upbeat vibe that stumbled in mid-session and again took upsurge trend riding on sector-specific sectors.

"Market participants were in sideline in case of purchasing shares and preferred to book gains from telecommunication, financial institutions and banking sectors that led the market to close in negative zone," said the EBL Securities.

Of 331 issues traded, 117 advanced, 164 declined and 50 were unchanged on the premier bourse DSE.

The turnover stood at above Tk 8.76 billion which was 10.38 per cent less than the turnover of the previous session.

Of total turnover, above Tk 7.23 billion came from transactions of 'A' category shares.

Among the major declining sectors, bank lost 0.3 per cent, engineering 1.20 per cent, fuel & power 0.1 per cent, telecommunication 0.9 per cent and textile 0.1 per cent.

Among the gaining sectors, mutual fund advanced 0.2 per cent, food & allied 1.3 per cent, pharmaceuticals & chemicals 0.2 per cent and travel & leisure 1.5 per cent.

Investors' participation was concentrated mostly on engineering which grabbed 24.50 per cent of the market turnover followed by bank 13.70 per cent, financial institutions 12.40 per cent and pharmaceuticals & chemicals 10.70 per cent.  

Bangladesh Building Systems topped the turnover chart with a value of Tk 861 million followed by LankaBangla Finance Tk 441 million, BBS Cables Tk 432 million, Fortune Shoes Tk 265 million and ACI Tk 176 million.

Anlimayarn Dyeing was the number one gainer with a rise of 4.67 per cent to close at Tk 35.80, while BBS Cables was the worst loser after declining 9.93 per cent to close at Tk 132.30.

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