Turnover rises moderately on DSE

Dhaka bourse on Sunday closed flat amid choppy trading as investors were busy at both sides of the trading fence.
On the day, turnover rose moderately on Dhaka Stock Exchange (DSE) following investors' increased participations mainly observed in insurance sector.
The insurers also dominated the day's gainers chart as out of top ten gainers nine were from insurance sector.
Share prices of those nine companies rose ranging from 9.11 per cent to 10 per cent per share.
The market opened the session with a sharp rise and the DSE broad DSEX crossed 4900-point mark within half an hour.
Later, the core index continued its upward trend till mid-session but after mid-session the broad index started to decline and continued till closure following 'selling spree'.
Amid late hour's selling spree, the DSEX escaped loss and closed marginally higher.
At end of the session, the DSEX settled at 4877.65 points with a rise of 0.11 per cent or 5.35 points.
The shariah based index DSES declined 0.15 per cent or 1.74 points to close at 1111.22 points.
The DS30 index comprising blue chip securities advanced 0.30 per cent or 5.10 points to close at 1675.55 points.
Of 356 issues traded, 113 advanced, 196 declined and 47 remained unchanged on the premier bourse DSE.
On Sunday, the premier bourse featured a turnover of above Tk 6.57 billion which was 20 per cent higher than the turnover value of previous session.
Of total turnover, Tk 386.92 million came from transactions executed in block board.
According to a market review of International Leasing Securities, Dhaka stocks closed in marginally higher amid choppy trading as late hour selling spree eroded most of the early gains.
"….the benchmark index failed to continue the upward trend as the shaky investors went for selling of shares on mutual fund, textile, telecom, engineering and fuel & power sector stocks," said the International Leasing Securities.
It also said buoyancy in general insurance, cement, financial institution and food sectors led the benchmark index to close in green.
Of the sectors which witnessed price appreciation, general insurance advanced 4.0 per cent, followed by financial institutions 2.2 per cent, pharmaceuticals & chemicals 0.6 per cent and bank 0.3 per cent.
of the sectors which witnessed price correction, textile declined 1.9 per cent, telecommunication 1.5 per cent, engineering 0.8 per cent, fuel & power 0.56 per cent and mutual fund 2.4 per cent.
Investors' concentration was concentrated mostly on general insurance sector which grabbed 35 per cent of the market turnover followed by pharmaceuticals & chemicals 9.9 per cent, engineering 7.9 per cent and bank 6.2 per cent.
Bangladesh Submarine Cable Company topped the turnover chart with a value Tk 234 million followed by Continental Insurance Tk 216 million, Asia Pacific General Insurance Company Tk 211 million, Beximco Pharmaceuticals Tk 183 million and Bangladesh General Insurance Company Tk 160 million.
Nitol Insurance Company was the number one gainer with a rise of 10 per cent pr Tk 5.3 to close at Tk 58.30 each.
Keya Cosmetics was the worst loser after declining 6.67 per cent to close at Tk 7.0 each.
On Chittagong Stock Exchange (CSE), the benchmark index CASPI rose marginally and settled at 13933.55 points with a rise of 0.36 per cent or 50.16 points.
Of 263 issues traded, 93 advanced, 120 declined and remaining 50 were unchanged.
At the end of the session, the turnover stood at above Tk 260.65 million on the port city bourse CSE.

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