Low turnover amid trading disruption

Stocks ended lower Sunday with turnover dropped significantly as the investors remained shaky following trading disruption at opening session on the prime bourse.Trading was halted on Dhaka Stock Exchange (DSE) at 10.35am Sunday after five minutes of trading following technical glitches. After that DSE trading resumed at 1:15pm and continued till 3:15pm. DSEX, the prime index of the Dhaka Stock Exchange (DSE) ended at 4,573.56 points, shedding 19.16 points or 0.41 per cent from previous session. The other two indices, however, closed in green. The DS30, comprising blue chips gained 0.2.05 points or 0.12 per cent to close at 1,677.68 points. The DSE Index (DSES) went up by 0.75 points or 0.07 per cent to close at 1,020.96 points. Turnover value on the DSE came down to Tk 2.24 billion, registering 46.66 per cent decline over the previous session’s value of Tk 4.20 billion. The losers took a marginal lead over the gainers as out of 282 issues traded, 186 declined, 68 advanced and 28 issues closed unchanged on the DSE floor. GrameenPhone (GP) became the top turnover leaders with shares worth Tk 224.67 million changing hands followed by Lafarge Surma Cement, Meghna Petroleum, Heidelberg Cement and Padma Oil. However, trading on the port city bourse – the Chittagong Stock Exchange (CSE) was on as usual. The Selective Categories Index --- CSCX lost 34.67 points to stand at 8,866.02 points. Losers beat gainers 124 to 56, with 20 issues remaining unchanged at the port city bourse that traded 5.18 million shares and mutual fund units, turnover value of Tk 297.84 million.





Meanwhile,
The market opened with a positive note and the key index of the prime bourse gained 38 points within first 35 minutes. But rest of the session, it went down steadily, eventually ended flat into red.

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“Maintaining frontline, Large Cap fought against the offbeat sentiment and subsequently neutralized each other at market level. Resultantly, the bourse ended flat, approaching to fourth session,” commented IDLC Investments, in its daily market analysis.

Alongside, participation remained tilted to a few heavy-weighted scrips like GP, Lafarge Surma Cement and Heidelberg Cement. Apart from this, activity slowed a bit in other cap classes, contracting turnover by 22 per cent and went below Tk 4.5 billion mark, again after six sessions, said the merchant bank.

“Despite finishing positively previous day, market likely to remain cautious as index wrapped the week red and it has been consolidating at the level of 4,600 points,” said LankaBangla Securities.

However, selective MNCs, FMCG and banking stocks made strong gain this week on back of strong fundamental ground, said the stock broker.

“The market witnessed another flat session coupled with sluggish investors’ participation. The session started with positive vibe but could not continue the trend till the day end,” said International Leasing Securities.

Particular scrips like AB Bank, Heidelberg Cement and GP performed relatively well while overall market condition appeared to be depressed, said the International Leasing.  

Despite mixed scenario, largest market cap scrips - telecommunications posted the highest gain with 2.94 per cent followed by pharmaceuticals 0.31 per cent and banks 0.09 per cent.  

All other major sectors edged down with food & allied and NBFIs going down by 0.56 per cent and 0.28 per cent respectively. Fuel & power closed the session flat in red with 0.03 per cent loss.

Activities decreased in the major bourse (DSE) where volume and trade were down 13.68 per cent and 0.83 per cent respectively.

However, the port city bourse --- the Chittagong Stock Exchange (CSE) ended marginally higher with its Selective Categories Index – CSCX gained 28.72 points to close at 8,900.70 points.

Losers beat gainers 122 to 81, with 21 issues remaining unchanged at the port city bourse that traded 7.78 million shares and mutual fund units, turnover value of Tk 390.72 million.