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Turnover still below Tk 3.0b-mark

FE Report | April 16, 2019 00:00:00

The Dhaka bourse closed the Monday's session with a marginal loss in broad index as most of the major sectors witnessed price correction.

The market opened the day's session with a positive note and added 45 points within half an hour riding on investors' buying focus on sector specific stocks.

Later, the optimistic trend failed to sustain and the broad index of the premier bourse went down below the starting mark as many risk-averse investors started to liquidate stocks.

At the end of the session, the DSEX, the broad index of Dhaka Stock Exchange (DSE), closed at 5309.47 points with a loss of 0.31 per cent or 16.91 points.

The broad index escaped large fall following the significant price appreciation witnessed by the telecommunication sector.

The telecommunication sector witnessed the highest price appreciation of 2.60 per cent as the share price of Grameenphone advanced 3.32 per cent or Tk 12.20 to close at Tk 377.80 per share.

The shariah-based index DSES declined 0.35 per cent or 4.42 points to close at 1228.79 points.

The DS30 comprising blue chip securities index settled at 1901.35 points with a loss of 0.08 per cent or 1.62 points.

According to International Leasing Securities, financial institutions, food & allied, pharmaceuticals & chemicals, bank, textile and engineering sectors faced selling spree.

"However telecom, fuel & power and jute sectors enjoyed buoyancy," said the International Leasing Securities.

Of 341 issues traded, 107 advanced, 193 declined and 41 were unchanged.

The turnover stood at above Tk 2.96 billion which was 4.18 per cent higher than the turnover of the previous session.

Top ten traded stocks grabbed around 43.9 per cent of total turnover featured by the premier bourse DSE.

Of total turnover, above Tk 322.08 million came from transactions executed in block board.

"The turnover remained below Tk 3.0 billion as the investors refrained themselves from putting fresh fund into the ongoing bearish trend of the market," said the International Leasing Securities.

Of the major sectors which witnessed correction, bank declined 0.2 per cent, engineering 0.5 per cent, financial institutions 1.6 per cent, miscellaneous 1.60 per cent, pharmaceuticals & chemicals 0.90 per cent, and textile 0.5 per cent.

Of the sectors which witnessed price appreciation, fuel & power advanced 0.1 per cent, Jute 4.90 per cent, life insurance 0.1 per cent, and telecommunication 2.60 per cent.

Investors' participation was concentrated mostly on pharmaceuticals & chemicals sector which grabbed 13.50 per cent of the market turnover followed by tannery 13.10 per cent, engineering 11.20 per cent, and telecommunication 9.70 per cent.

Fortune Shoes topped the turnover chart with a value of above Tk 339 million followed by Monno Ceramic Industries above Tk 222.97 million, Bangladesh Submarine Cable Company above Tk 105.07 million, United Power Generation & Distribution Company above Tk 91.53 million, and Square Pharmaceuticals above Tk 76.12 million.

Small cap companies dominated the chart of top 10 gainers of the DSE. Asia Insurance was the number one gainer with a rise of 5.73 per cent or Tk 1.50 to close at Tk 27.60 each.

BRAC Bank was the worst loser after declining 12.61 per cent to close at Tk 64.40 each.

CASPI, the benchmark index of the Chittagong Stock Exchange (CSE), declined 0.11 per cent or 19.08 points to close at 16288.81 points on the Chittagong Stock Exchange (CSE).

Of 219 issues traded, 79 advanced, 108 declined and 32 were unchanged and the turnover stood at above Tk 90.94 million on the port city bourse CSE.


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