Dhaka bourse Tuesday escaped the red zone mainly because of the debut trading of a newly listed company.
On the day, the majority number of listed securities declined, but the indices ended flat in positive and turnover increased significantly on the Dhaka Stock Exchange (DSE).Large cap sectors show negative performances: Analysis
The ACME laboratories Tuesday made its debut trading and captured around 30 per cent of the day's turnover.
The premier bourse DSE opened with a negative mood but some major sectors bounced back from initial hiccup and pushed the market ended in flat zone.
"Participation level improved heavily as newly listed Instrument ACME Laboratories obtained one third of total volume and this instrument ignited the motivation of other major sectors to make the market vibrant," said a market commentary of the MTB Capital.
It said during the midsession some of the major sectors specially the bank, power and pharmaceuticals tried to make a positive movement.
The broad index DSEX gained 0.03 per cent or 1.57 points to close at 4412.51 points.
The DSE Shariah index DSES went up by 0.06 per cent or 0.70 points to close at 1084.43 points, whereas the blue chip index DS30 rose 0.13 per cent or 2.38 points to close at 1739.64 points.
Of 315 issues traded, 65 advanced, 211 declined and remaining 39 were unchanged.
The turnover stood at above Tk 4.71 billion which is 66 per cent up than the turnover observed in the previous trading session.
According to International Leasing Securities, the market Tuesday started with a downbeat note and got reversal in the mid session.
"The last hour selling pressure wiped out the mid session's buying spree. Investors showed their enthusiasm on debutant ACME Laboratories Limited," said the International Leasing Securities.
The BRAC EPL said the market Tuesday closed flat in green as all the large cap sectors showed negative performances except some few ones.
Among the major sectors, banks improved 1.41 per cent, food & allied 0.08 per cent, pharmaceuticals & chemicals 1.86 per cent and fuel & power 0.09 per cent.
Among the decli8ning sectors, cement declined 0.46 per cent, ceramics 1.20 per cent, engineering 0.53 per cent, IT 2.36 per cent, NBFIs 1.22 per cent, fuel & power 0.69 per cent, service & real estate 0.95 per cent, telecom 0.50 per cent, textiles 0.33 per cent and travel & leisure 1.31 per cent.
The ACME Laboratories topped the chart of most traded stocks with a turnover above Tk 1.4 billion followed by Shahjibazar Power Company above Tk 176 million, Lafarge Surma Cement above Tk 156 million, MJL Bangladesh above Tk 144 million, Beximco Pharma above Tk 129 million, BSRM Limited above Tk 117 million, Olympic Industries above Tk 101 million, Grameenphone above Tk 85 million and Khan Brothers PP Woven Bag Industries above Tk 81 million.
Dhaka Insurance was the number one gainer with a rise 4.11 per cent or Tk 0.6 to close at Tk 15.40.
FAS Finance & Investment was the worst loser with a fall of 11.65 per cent or Tk 1.2 to close at Tk 9.10.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI lost 17 points to close at 13558 points.
Of 221 issues traded, 47 advanced, 146 declined and remaining 28 were unchanged.
The turnover stood at above Tk 392.64 million on the port city bourse--CSE.
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