DSE turnover crosses Tk 4.0 billion-mark

FE Report | Published: August 04, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Stocks closed flat in the red Sunday amid choppy trading with turnover crossing Tk 4.0 billion-mark as investors re-balanced their portfolio, the first trading day after Eid vacation.
The market started with a high volatility, but later the investors' took position on some lucrative issues. Eventually, DSEX, the benchmark index of the Dhaka Stock Exchange (DSEX) ended at 4,420.61 points, shedding 6.54 points or 0.14 per cent.
However, the other two indices closed positive. The DS30, comprising blue chips gained 4.58 points or 0.28 per cent to close at 1,631.09 points. The DSE Shariah Index advanced 3.59 points or 0.35 per cent to close at 1,008.25 points.
The total turnover improved to Tk 4.28 billion, registering an increase of 26.25 per cent over the previous session's value after four hours trading. It was also the 7-week highest turnover since Tk 4.37 billion on June 11.
"The fleet of half yearly (HY) earnings and disclosed monetary policy statement (MPS) prompted investors to focus on re-balancing portfolio at first session after Eid-ul-Fitr," commented IDLC Investments, in its daily market analysis.
"The search for lucrative issues attracted some fresh funds, putting overall participation level upbeat," said the merchant bank.
LankaBangla Securities said that after nine days of Eid vacation, Matijheel Street has opened with mixed participation in trading floor. Investors were sent on a wild ride all day, as benchmark index zigzagged up and down.
"DSEX reverted with loss of 6.54 points as few large cap stocks butchered by heavy sell- off, which gained earlier before market closed on vacation, however, some other stocks, gained owing to positive return in quarterly earnings," the stock broker said.
Buying spree was also present actively among the investors keeping the market breadth on flat note, said the stock broker.
The market started with a flat session after the festive break. Price appreciation was noticed among various sectors amid satisfactory earnings report from individual companies, said International Leasing Securities.
The investors were mostly impressed by the earnings report of BIFC, ACI and ACI Formulation and among others and particularly attracted towards a few recently listed issues, said the International Leasing.
Sectoral performance was mixed. Telecommunications and fuel and power gained by 1.66 per cent and 1.49 per cent respectively. In the financial sector-NBFIs closed flat, whereas banks declined by 0.96 per cent. Food and allied lost the most with 2.04 per cent loss pharmaceuticals closed flat in red with 0.03 per cent loss.
Backed by sector heavy-weight scrips, cement performed well with 2.98 per cent gain and textile gained 1.11 per cent with the news of increased export in US & EU.
Activities increased in the major bourse (DSE) where trade and volume were up by 39.22 per cent and 41.57 per cent respectively. A total of 0.091 million trades were executed with 100.52 million securities of trading volume.
The total market capitalisation on DSE stood at Tk 2,942.71 billion which was Tk 2,936.96 billion in the previous session.
The number of gainers and losers were same as out of 295 issues traded, 128 advanced, 128 declined and 39 remained unchanged on the DSE floor.
Beximco Limited was the most traded stock with shares worth Tk 527.24 million changing hands followed by GP, ACI, Padma Oil and Peninsula Chittagong.
The port city bourse, Chittagong Stock Exchange (CSE) also closed in the red with its Selective Categories Index - CSCX - lost 9.94 points to close at 8,371.20 points.
Losers beat gainers 86 to 82, with 34 issues remaining unchanged at the port city bourse that traded 8.88 million shares and mutual fund units, turnover value of Tk 319.22 million.