 |
| DSE turnover sees 16.42pc rise |
FE Report
Dhaka stocks closed flat in positive Thursday with turnover improved slightly amid see-saw as surge in market volatility kept investors much more cautious.
The market opened with positive note, gaining 27 points within first 40 minutes of trade, but rest of the session cut most of the early gains amid see-saw. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) --- DSEX --- went up by 2.08 points or 0.04 per cent to close the session at 4,699.62 points.
The DSE Shariah Index (DSES) also closed positive with gaining 3.88 points or 0.38 per cent to close at 1,011.34 points. However, the DS30, comprising blue chips lost 3.32 points or 0.19 per cent to close at 1,690.12 points.
The total turnover on DSE stood at Tk 4.13 billion, registering 16.42 per cent increase over the previous session's value of Tk 3.54 billion.
"Market ended a flat session as investors' indecisiveness continued," commented International Leasing Securities, in its daily market analysis.
During the day's session, DSEX oscillated between 4,690 points to 4,725 points. "The investors' participation, however, improved somewhat to Tk 4.13 billion," the International Leasing Securities said.
"Market closed the week green on flat note after having a wide wag in index during intraday trading," commented LankaBangla Securities.
"There are a couple of takeaways from the current market scenario. Firstly, the modest corporate earnings growth and secondly expected lower interest rates would be good news for the stocks."
"Market has continued to bid fundamental stocks higher, especially stocks of manufacturing sectors".
"As we allured earlier, much of this optimism can be attributed to the fact that investors are inferring those specific stocks that have strong upsides," said the stock broker.
"Volatility, assisted by scrip-wise swings, dragged the streak of flat endings to fourth session. Resultantly, DSEX closed flat at 4,700 points," said IDLC Investments.
With investors' focus remaining largely unchanged, market participation stayed tilted to heavy weighted scrips. Supported by this, turnover got up by 16.42 per cent and crossed Tk 4.0 billion level, again, said the merchant bank.
Alongside, lucrative prices accommodated textile sector to comeback in track and lead in sectoral performance & market participation, the merchant bank added.
The losers took a modest lead over the gainers as out of 293 issues traded, 132 declined, 124 advanced and 26 issues closed unchanged on the DSE floor.
Banks ended the week red after rallying for last two trading sessions. Among the major sectors, tannery, textile and food & allied were 2.3 per cent, 1.5 per cent, and 1.6 per cent up respectively. NBFIs and telecommunications closed positive with gaining 0.62 per cent and 0.45 per cent.
Activities increased in the major bourse (DSE) where volume and trade were up 4.96 per cent and 10.05 per cent. A total of 0.087 million trades were executed with 68.24 million securities of trading volume.
The market capitalisation of the DSE stood at Tk 2,909.06 billion against Tk 2,900.18 billion in the previous session.
Square Pharma dominated the top turnover chart with shares worth Tk 264.50 million changing hands followed by Square Textile, Lafarge Surma Cement, Meghna Petroleum and BSCCL.
Rupali Life Insurance was also the day's highest gainer; posting a rise of 9.44 per cent while Reliance Insurance was the day's worst losers, slumping by 17.45 per cent following its price adjustment after record date.
The port city bourse --- the Chittagong Stock Exchange (CSE), however, closed down with its Selective Categories Index - CSCX lost 13.60 points to close at 9,207.75 points.
Losers beat gainers 126 to 65, with 28 issues remaining unchanged at the port city bourse that traded 7.03 million shares and mutual fund units, turnover value of Tk 324.97 million.
Blogger Comment
Facebook Comment