DSE closed higher ending 3-day spell of losses

The Dhaka bourse on Wednesday closed marginally higher breaking the streak of previous three sessions.

However, the turnover declined slightly due to lower participation of investors. Investors' participation was observed mostly in small cap jute and IT companies.

The market opened the day's session positively and soon the DSEX, broad index of the Dhaka Stock Exchange (DSE), declined for a while.

The DSEX came out of the red zone after half an hour and an upward trend was observed till the closure.

At the end of the session, the DSEX settled at 6253.34 points with a rise of 0.56 per cent or 35.02 points.

The Shariah-based index DSES advanced 0.69 per cent or 9.36 points to close at 1356.84 points.

The DS30 index comprising blue chip securities went up by 0.39 per cent or 8.61 points to close at 2191.65 points.

Of 323 issues traded, 76 advanced, 13 declined and 234 were unchanged on the premier bourse.

At the end of the session, the DSE posted a turnover of Tk 4.68 billion, which was 16.47 per cent lower than the turnover in the previous session.

Of the total turnover, Tk 294 million came from transactions executed on the block board.

"The bargain hunters showed their buying interest cautiously on sector-specific stocks at lucrative prices as the market lost 136 points in DSEX in the last three days," said a market review of International Leasing Securities.

Of the sectors which saw price appreciation, engineering advanced 0.1 per cent, fuel & power 0.3 per cent, general insurance 1.1 per cent, life insurance 1.3 per cent, textile 0.2 per cent, and travel & leisure 2.3 per cent.

Of the sectors which witnessed price correction, bank and jute declined 0.2 per cent and 4.9 per cent respectively.

Investors' participation was concentrated mostly on IT sector which grabbed 20.4 per cent of the market turnover followed by pharmaceuticals & chemicals 19.8 per cent, paper & printing 8.8 per cent, services & real estate 8.0 per cent, and bank 6.1 per cent.

Sinobangla Industries was the number one gainer with a rise of 9.93 per cent or Tk 7.10 to close at Tk 78.60 each.

Sonali Aansh Industries was the day's worst loser after declining 7.44 per cent or Tk 59.6 to close at Tk 742 each.

CASPI, benchmark index of Chittagong Stock Exchange (CSE), on Wednesday declined 0.04 per cent or 7.24 points to close at 18474.86 points.

Of 130 issues traded, 40 advanced, 17 declined and 73 were unchanged and the port city bourse posted a turnover of Tk 89.03 million.

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