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DSE turnover crosses Tk 9.0b-mark again

FE Report | August 05, 2015 00:00:00


Turnover on the Dhaka Stock Exchange (DSE) crossed Tk 9.0 billion-mark for the second time in 2015, hitting two months high as investors remained active.

Daily turnover value jumped to Tk 9.28 billion, registering an increase of 14.4 per cent over the previous day's Tk 8.11 billion. It was also the highest turnover since June 1, this year when turnover hit Tk 10.02 billion.

The investors' attention remained mostly concentrated on engineering, power and pharma - the sectors that accounted for 18 per cent, 17 per cent and 13 per cent respectively of the day's total turnover.

The market showed significant move in early trading as the positive momentum continued. However, it came under pressure in late hour, closing slightly higher. DSEX, the prime index of the DSE, went up by 9.26 points or 0.19 per cent to settle at 4,871.81. DSEX added around 94 points in the four consecutive sessions.

The two other indices also closed in green. The DS30 index, comprising blue chips, advanced 3.25 points or 0.17 per cent to finish at 1,904.75. The DSE Shariah Index (DSES) gained 4.79 points or 0.39 per cent to end at 1,207.91.

"Market played actively on the both sides of the fence, which kept stocks rally alive and pushed the market turnover value above Tk 9.0 billion-mark," said LankaBangla Securities, a stockbroker, in an analysis.

The stockbroker noted that the investors came to book profit on stocks which made significant move in previous sessions.

International Leasing Securities, a stockbroker, said, the optimist buying pressure from the investors created upturn at the early hours, which slowed down as the session progressed. Several issues from IT, financial institutions, textile sectors outperformed.

IDLC Investments, a merchant bank, said, "Profit realisation pressure in large and mid-cap stocks flattened the index movement in spite of the fact that 156 issues rose against decline in 128 issues".

The large-cap sectors showed mixed performance. In the financial sector, NBFIs posted a significant gain of 1.14 per cent and banks appreciated by 0.42 per cent. Food and allied advanced by significant 1.12 per cent.

Cement went up by 0.66 per cent. Pharmaceuticals ended flat in green with 0.04 per cent gain. Telecommunication and power went down by 0.35 per cent and 0.34 per cent respectively.  

The gainers took a modest lead over the losers as out of 323 issues traded, 156 closed higher, 128 lower and 39 remained unchanged on the DSE trading floor.

Activities increased in the major bourse where trade and volume were up 11.08 per cent and 27.80 per cent respectively. A total number of 0.185 million trades were executed with trading volume of 265.05 million securities.

The market capitalisation on DSE stood at Tk 3,409.49 billion against Tk 3,403.10 billion in the previous trading session.

United Airways was the day's top turnover leader with shares of Tk 434 million changing hands followed by Islami Bank, Lafarge Surma Cement, Beximco and BSRM Steels.

Premier Cement was the day's best performer, posting a rise of 9.97 per cent while Exim Bank First Mutual Fund was the day's worst loser, plunging by 7.93 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index - CSCX - gained 16.25 points to close at 9,092.44.

Gainers beat losers 124 to 96, with 41 issues remained unchanged on the port city bourse that traded 24 million shares and mutual fund units with a value of Tk 701 million.

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