FE Report
The market edged down marginally Thursday, breaking three sessions' gaining streak amid volatility with turnover dipping again as cautious investors followed 'wait-and-see' policy.
The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,720.35 points after losing 18.34 points or 0.49 per cent as market went through a moderate correction. The other two induces also went down with the DSEX slipped 21.27 points or 0.58 per cent to close at 3,590.02 points while the DS30 also down by 8.48 points or 0.63 per cent to close at 1,322.05.
The total turnover value on the premier bourse came down to Tk 1.48 billion, down by 29.4 per cent from previous session's one month high value of Tk 2.09 billion.
Premier Cement, Orion Pharma, Summit Purbanchol Power and Global Heavy Chemicals accounted for 17 per cent of total turnover, continuing the dominance of new scrips in turnover.
"Amid shaky confidence and low participation, the session went downbeat amid jagged volatility. After flattening of rally in previous three sessions, investors went uncertain as to investment outlook in the short term," stated IDLC Investments, in its regular market analysis. In the meantime, a regular shift in political dynamics has been jolting market sentiment a lot, causing investors to rethink before fresh investments, said the IDLC market analysis.
"As a combined impact, investors remained rather watchful on the day than stepping in further. With participation dipping further, market saw a shortage of buyers, pulling turnover down to 1.48 billion," the IDLC analysis added.
"The market movement has become range bound and investors are trying to figure out how to predict the outcome of the political conflict," commented LankaBangla Securities.
"Outcome of the current conflict is yet to become visible, which compels investors to wait for clarity," the LankaBangla said in its analysis.
Additionally, regulatory bodies are working to find a way to improve the condition of toxic margin loan, it added.
Of the 270 issues traded at the DSE, 116 advanced, 127 declined and 27 remained unchanged.
All the major sectors ended red with fuel and power lost 1.10 per cent being the biggest loser. It is followed by NBFIs 0.51 per cent and pharmaceuticals 0.49 per cent. Banks and telecommunications also retraced 0.44 per cent and 0.03 per cent respectively.
A total of 0.060 million trades were executed with 52.50 million shares and mutual fund units of trading volume. The market capitalization of the DSE stood at Tk 2,215.51 billion against Tk 2,223.12 billion in the previous session.
Premier Cement was the most traded stocks on the day with shares worth Tk 83.11 million changing hands. United Airways, Orion Pharma, Aamra Technologies and Summit Purbanchol Power were day's next popular stocks.
The market edged down marginally Thursday, breaking three sessions' gaining streak amid volatility with turnover dipping again as cautious investors followed 'wait-and-see' policy.
The General Index of the Dhaka Stock Exchange (DGEN) ended at 3,720.35 points after losing 18.34 points or 0.49 per cent as market went through a moderate correction. The other two induces also went down with the DSEX slipped 21.27 points or 0.58 per cent to close at 3,590.02 points while the DS30 also down by 8.48 points or 0.63 per cent to close at 1,322.05.
The total turnover value on the premier bourse came down to Tk 1.48 billion, down by 29.4 per cent from previous session's one month high value of Tk 2.09 billion.
Premier Cement, Orion Pharma, Summit Purbanchol Power and Global Heavy Chemicals accounted for 17 per cent of total turnover, continuing the dominance of new scrips in turnover.
"Amid shaky confidence and low participation, the session went downbeat amid jagged volatility. After flattening of rally in previous three sessions, investors went uncertain as to investment outlook in the short term," stated IDLC Investments, in its regular market analysis. In the meantime, a regular shift in political dynamics has been jolting market sentiment a lot, causing investors to rethink before fresh investments, said the IDLC market analysis.
"As a combined impact, investors remained rather watchful on the day than stepping in further. With participation dipping further, market saw a shortage of buyers, pulling turnover down to 1.48 billion," the IDLC analysis added.
"The market movement has become range bound and investors are trying to figure out how to predict the outcome of the political conflict," commented LankaBangla Securities.
"Outcome of the current conflict is yet to become visible, which compels investors to wait for clarity," the LankaBangla said in its analysis.
Additionally, regulatory bodies are working to find a way to improve the condition of toxic margin loan, it added.
Of the 270 issues traded at the DSE, 116 advanced, 127 declined and 27 remained unchanged.
All the major sectors ended red with fuel and power lost 1.10 per cent being the biggest loser. It is followed by NBFIs 0.51 per cent and pharmaceuticals 0.49 per cent. Banks and telecommunications also retraced 0.44 per cent and 0.03 per cent respectively.
A total of 0.060 million trades were executed with 52.50 million shares and mutual fund units of trading volume. The market capitalization of the DSE stood at Tk 2,215.51 billion against Tk 2,223.12 billion in the previous session.
Premier Cement was the most traded stocks on the day with shares worth Tk 83.11 million changing hands. United Airways, Orion Pharma, Aamra Technologies and Summit Purbanchol Power were day's next popular stocks.
Blogger Comment
Facebook Comment