Stocks inch up after see-saw movements
Top ten traded cos snare 32pc turnover of DSE
FE Report | Tuesday, 27 November 2018
Stocks posted marginal gain on Monday amid see-saw movements as investors mostly followed cautious stance ahead of national elections.
Market operators said rising political activities ahead of the national elections kept investors cautious on the trading floor.
"A section of investors are closely eyeing the political development while some were busy with rebalancing their portfolio, taking the market in the flat territory," said a leading broker.
After witnessing volatility throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,279, advancing 3.01 points or 0.05 per cent over the previous day.
According to International Leasing Securities, the investors were rebalancing their portfolios based on latest quarterly earnings disclosures and to book dividend income.
The DS30 index, comprising blue chips, also advanced 2.27 points to finish at 1,857. The DSE Shariah Index gained 3.16 points to close at 1,224.
Turnover, another important indicator of the market, however, rose to Tk 6.15 billion, which was 8.0 per cent higher than the previous day's Tk 5.69 billion.
The textile sector continued to dominate the turnover chart, grabbing 28 per cent of the day's total trade, followed by pharmaceuticals with 18 per cent and power 11 per cent.
A total number of 139,611 trades were executed in the day's trading session with trading volume of 135.32 million securities.
The market capitalisation of the DSE stood at Tk 3,828 billion on the day which was Tk 3,816 billion in the previous day.
The large-cap sectors showed positive performance except food & allied which lost 0.31 per cent.
Pharmaceuticals posted the highest gain of 0.79 per cent, followed by power 0.52 per cent, telecommunication 0.13 per cent, engineering 0.07 per cent, financial institutions 0.06 per ce4nt and banking 0.05 per cent.
However, the port city bourse CSE ended slightly lower with its CSE All Share Price Index - CASPI -losing 7.32 points to settle at 16,178 and the Selective Categories Index - CSCX -shedding 2.0 points to finish at 9,810.
The losers beat gainers as 111 issues closed lower, 100 ended higher and 30 remained unchanged on the CSE.
The port city bourse traded 9.07 million shares and mutual fund units worth more than Tk 305 million in turnover.