FE Report
Stocks ended higher amid increased turnover despite technical glitch delayed trade on the Dhaka Stock Exchange (DSE) for second consecutive session on Monday.
Trading, that usually takes place between 10:30am and 2:30pm, started at 12:15pm and continued till 4:15pm, after one hour and 45 minutes late. However, trading took place for full four hours except instrument of SPOT trading cycle that ended at 2:30pm.
Despite delayed trading, DSEX, the prime index of the DSE crossed the 4,600-mark and ended at 4,615.01 points, gaining 130.39 points or 2.90 per cent. It is highest level of DSEX in 11-week.
DS30 index, comprising blue chips, gained 53.84 points or 3.20 per cent to close at 1,736.31 points. DSES index rose 27.43 points or 2.53 per cent to end at 1,108.83 points.
Turnover rose to Tk 8.55 billion in the prime bourse, which was 150 per cent higher from the previous session's reduced trading hours' Tk 3.43 billion. It was also the highest turnover since Tk 8.57 billion recorded on November 9, last year.
The investors' attention was mostly focused on power, pharma and engineering - the sectors that accounted for 24 per cent, 14.23 per cent and 14 per cent respectively
"Investors might be anticipating further stability in market as the government is coming up with capital market-friendly proposals in the upcoming budget," said the stock broker.
IDLC Investments, a merchant bank, said, "Trade delayed again in DSE due to the same technical problem which was settled later and a full four-hour session was resumed".
In the broad market the recent bull-run continued where DSEX soared 130.4 points amid strong investors' confidence, said the merchant bank.
"Investors confidence soared due to the booming market outlook in the recent period," said International Leasing Securities, a stock broker, in an analysis.
All the large-cap sectors posted gains. The financial sectors performed well with banks and NBFIs gaining 3.34 per cent and 2.35 per cent respectively.
Fuel and power advanced 2.39 per cent followed by cement, which gained 2.01 per cent. Telecommunication went up by 1.90 per cent. Pharmaceuticals and food and allied also went up by 1.71 per cent and 1.28 per cent respectively.
Gainers took a strong lead over the losers as out of 316 issues traded, 250 advanced, 49 declined and 17 remained unchanged on the DSE floor.
Activities increased in the major bourse where volume and trade were up by 150.66 per cent and 139.27 per cent respectively. A total number of 0.177 million trades were executed with trading volume of 215.26 million securities.
The market capitalisation on DSE stood at Tk 3,237.62 billion against Tk 3,175.87 billion in the previous session.
Khulna Power Company Ltd (KPCL) was the day's top turnover leader with shares worth Tk 458.48 million changing hands followed by United Power, BSCCL, AFC Agro and RAK Ceramics.
ICB Seventh Mutual Fund was the day's best performer, posting 9.93 per cent gain while Shympur Sugar Mills was the day's worst loser, slumping by 5.97 per cent.
However, trading at the port city bourse Chittagong Stock Exchange (CSE) started on time at 10:30am and closed at 2:30pm. The port city bourse also ended higher with its Selective Categories Index - CSCX - rose 202 points to close at 8,660.27 points.
Gainers beat losers 167 to 61, with 17 issues remaining unchanged at the port city bourse that traded 28.76 million shares and mutual fund units with turnover of Tk 1.06 billion.
babulfexpress@gmail.com
Stocks ended higher amid increased turnover despite technical glitch delayed trade on the Dhaka Stock Exchange (DSE) for second consecutive session on Monday.
Trading, that usually takes place between 10:30am and 2:30pm, started at 12:15pm and continued till 4:15pm, after one hour and 45 minutes late. However, trading took place for full four hours except instrument of SPOT trading cycle that ended at 2:30pm.
Despite delayed trading, DSEX, the prime index of the DSE crossed the 4,600-mark and ended at 4,615.01 points, gaining 130.39 points or 2.90 per cent. It is highest level of DSEX in 11-week.
DS30 index, comprising blue chips, gained 53.84 points or 3.20 per cent to close at 1,736.31 points. DSES index rose 27.43 points or 2.53 per cent to end at 1,108.83 points.
Turnover rose to Tk 8.55 billion in the prime bourse, which was 150 per cent higher from the previous session's reduced trading hours' Tk 3.43 billion. It was also the highest turnover since Tk 8.57 billion recorded on November 9, last year.
The investors' attention was mostly focused on power, pharma and engineering - the sectors that accounted for 24 per cent, 14.23 per cent and 14 per cent respectively
"Investors might be anticipating further stability in market as the government is coming up with capital market-friendly proposals in the upcoming budget," said the stock broker.
IDLC Investments, a merchant bank, said, "Trade delayed again in DSE due to the same technical problem which was settled later and a full four-hour session was resumed".
In the broad market the recent bull-run continued where DSEX soared 130.4 points amid strong investors' confidence, said the merchant bank.
"Investors confidence soared due to the booming market outlook in the recent period," said International Leasing Securities, a stock broker, in an analysis.
All the large-cap sectors posted gains. The financial sectors performed well with banks and NBFIs gaining 3.34 per cent and 2.35 per cent respectively.
Fuel and power advanced 2.39 per cent followed by cement, which gained 2.01 per cent. Telecommunication went up by 1.90 per cent. Pharmaceuticals and food and allied also went up by 1.71 per cent and 1.28 per cent respectively.
Gainers took a strong lead over the losers as out of 316 issues traded, 250 advanced, 49 declined and 17 remained unchanged on the DSE floor.
Activities increased in the major bourse where volume and trade were up by 150.66 per cent and 139.27 per cent respectively. A total number of 0.177 million trades were executed with trading volume of 215.26 million securities.
The market capitalisation on DSE stood at Tk 3,237.62 billion against Tk 3,175.87 billion in the previous session.
Khulna Power Company Ltd (KPCL) was the day's top turnover leader with shares worth Tk 458.48 million changing hands followed by United Power, BSCCL, AFC Agro and RAK Ceramics.
ICB Seventh Mutual Fund was the day's best performer, posting 9.93 per cent gain while Shympur Sugar Mills was the day's worst loser, slumping by 5.97 per cent.
However, trading at the port city bourse Chittagong Stock Exchange (CSE) started on time at 10:30am and closed at 2:30pm. The port city bourse also ended higher with its Selective Categories Index - CSCX - rose 202 points to close at 8,660.27 points.
Gainers beat losers 167 to 61, with 17 issues remaining unchanged at the port city bourse that traded 28.76 million shares and mutual fund units with turnover of Tk 1.06 billion.
babulfexpress@gmail.com
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