FE Report
Dhaka stocks ended marginally higher Monday after three session's fall with declining turnover value as most investors observed the market situation.
Brokers said turnover value dropped as most investors followed wait-and-see policy rather than fresh exposure while institutional participation was visibly low ahead of the Eid festival.
The market opened with a positive note, the DGEN was up by 30 points within the first five minutes of trading. After that it was oscillating to the highest 4,495 to the lowest 4,455 points level and finally ended 15 points higher.
The benchmark general index of the DSE (DGEN) went up by 15.84 points or 0.35 per cent to close at 4,467.77.
The broader All Shares Price Index (DSI) gained 13.54 points or 0.35 per cent to 3,778.12. The DSE-20 Index comprising blue chips advanced 32.82 points or 0.96 per cent to close at 3,421.82.
"The market ended almost flat as investors were neutral regarding future direction of movement. They rushed neither to liquidate nor to take fresh position, rather, they kept 'watchful' throughout the session and made cautious movement," stated IDLC Investments in its regular analysis.
Among the sectors, investors were a slight upbeat regarding bank and NBFIs, after recent sale pressure. In addition, as some scrips of energy sector were approaching to corporate declaration, investors were active in those due to earnings expectation, it added.
"Fund withdrawal for the purpose of holy Eid has started. IPO investors are also expected to accommodate the required amount of fund for forthcoming IPO of Envoy Textile, which is expected to start subscription today (Tuesday)," commented LankaBangla Securities.
A stock broker said the market finally broke its three-day losing streak to end marginally higher. However, turnover continued to remain sluggish as traders remained broadly cautious ahead of Q3 earnings release.
Turnover value declined to Tk 5.30 billion, down by 23.30 per cent compared to previous session's Tk 6.91 billion, maintaining a satisfactory level over Tk 5.0 billion for a consecutive eighth session.
Out of 268 issues traded, 172 advanced, 83 declined and 15 remained unchanged.
A total of 120.02 million shares changed hands on the day against 151.95 million in the previous session. The trade deals also decreased to 121,861 against Sunday's 143,487.
The market capitalisation of the DSE stood at Tk 2,504.45 billion against Tk 2,497.16 billion in the previous session.
All the major sectors were in the green except telecommunications and fuel and power that lost 0.28 per cent and 0.48 per cent respectively.
NBFIs gained 1.62 per cent, the most, followed by pharmaceutical 0.47 per cent and banks 0.38 per cent. Mutual Funds sector as a whole gained the most, going up by 7.21 per cent.
United Airways continued to dominate the top turnover chart with shares worth Tk 569.87 million changed hands.
Dhaka stocks ended marginally higher Monday after three session's fall with declining turnover value as most investors observed the market situation.
Brokers said turnover value dropped as most investors followed wait-and-see policy rather than fresh exposure while institutional participation was visibly low ahead of the Eid festival.
The market opened with a positive note, the DGEN was up by 30 points within the first five minutes of trading. After that it was oscillating to the highest 4,495 to the lowest 4,455 points level and finally ended 15 points higher.
The benchmark general index of the DSE (DGEN) went up by 15.84 points or 0.35 per cent to close at 4,467.77.
The broader All Shares Price Index (DSI) gained 13.54 points or 0.35 per cent to 3,778.12. The DSE-20 Index comprising blue chips advanced 32.82 points or 0.96 per cent to close at 3,421.82.
"The market ended almost flat as investors were neutral regarding future direction of movement. They rushed neither to liquidate nor to take fresh position, rather, they kept 'watchful' throughout the session and made cautious movement," stated IDLC Investments in its regular analysis.
Among the sectors, investors were a slight upbeat regarding bank and NBFIs, after recent sale pressure. In addition, as some scrips of energy sector were approaching to corporate declaration, investors were active in those due to earnings expectation, it added.
"Fund withdrawal for the purpose of holy Eid has started. IPO investors are also expected to accommodate the required amount of fund for forthcoming IPO of Envoy Textile, which is expected to start subscription today (Tuesday)," commented LankaBangla Securities.
A stock broker said the market finally broke its three-day losing streak to end marginally higher. However, turnover continued to remain sluggish as traders remained broadly cautious ahead of Q3 earnings release.
Turnover value declined to Tk 5.30 billion, down by 23.30 per cent compared to previous session's Tk 6.91 billion, maintaining a satisfactory level over Tk 5.0 billion for a consecutive eighth session.
Out of 268 issues traded, 172 advanced, 83 declined and 15 remained unchanged.
A total of 120.02 million shares changed hands on the day against 151.95 million in the previous session. The trade deals also decreased to 121,861 against Sunday's 143,487.
The market capitalisation of the DSE stood at Tk 2,504.45 billion against Tk 2,497.16 billion in the previous session.
All the major sectors were in the green except telecommunications and fuel and power that lost 0.28 per cent and 0.48 per cent respectively.
NBFIs gained 1.62 per cent, the most, followed by pharmaceutical 0.47 per cent and banks 0.38 per cent. Mutual Funds sector as a whole gained the most, going up by 7.21 per cent.
United Airways continued to dominate the top turnover chart with shares worth Tk 569.87 million changed hands.
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