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DSE turnover rises 14 per cent

FE Report | November 18, 2019 00:00:00


The Dhaka bourse closed the Sunday's session marginally higher amid day long volatility following the mixed performance of the major sectors.

The turnover stood at above Tk 3.63 billion which was 14 per cent higher than the turnover of the previous session.

Rally by telecommunication, financial institutions, pharmaceuticals and engineering sectors helped the broad index minimise the losses.

The market opened the day's session positively and the DSEX, the broad index of Dhaka Stock Exchange (DSE) gained 14 points within first 15 minutes.

Later, the DSEX displayed volatility throughout the whole session and closed the session with a marginal rise.

At the end of the session, the core index settled at 4717.39 with a marginal rise of 0.14 per cent or 7.02 points.

According to a market review of International Leasing Securities, the DSE closed with a marginal rise amid choppy trading as the investors mostly followed cautious stance based on latest quarterly earnings declarations.

"The index witnessed see-saw movement as both the bargain hunters and shaky investors were active in the session," said the International Leasing Securities.

Of the companies having influence on the index movement, Grameenphone advanced 1.4 per cent to close at Tk 310.10 each, while the share price of British American Tobacco Bangladesh Company declined 0.40 per cent to close at Tk 1094 each.

The share price of another giant company United Power Generation & Distribution Company also declined 2.67 per cent to close at Tk 260.10 each.

On Sunday, the shariah based index DSES advanced 0.25 per cent or 2.77 points to close at 1083.6.

The DS30 index comprising blue chip securities closed at 1642.36 points with a rise of 0.5 per cent or 4.12.

Of 348 issues traded, 167 advanced, 124 declined and 57 were unchanged on the premier bourse DSE.

According to another market review of EBL Securities, many risk-averse investors liquidated their holdings while the bargain hunter investors took position on sector specific issues considering lucrative price level.

Of the sectors which witnessed price appreciation, engineering advanced 0.3 per cent, financial institutions 1.0 per cent, pharmaceuticals & chemicals 0.4 per cent, and telecommunication 1.4 per cent.

Of the sectors which witnessed price correction, bank declined 0.2 per cent, fuel & power 0.5 per cent, and textile 0.1 per cent.

Investors' participation was concentrated mostly on general insurance sector which grabbed 16.4 per cent of the market turnover followed by engineering 14.5 per cent, bank 10.3 per cent and textile 8.4 per cent.

National Tubes topped the scrip wise turnover chart with a value of Tk 151 million followed by Bangladesh Submarine Cable Company Tk 114 million, Sonargaon Insurance Tk 92 million, LankaBangla Finance Tk 84 million and Standard Ceramic Industries Tk 80 million.

Bangladesh Autocars was the number one gainer with a rise of 9.98 per cent to close at Tk 150.90 each.

Far East Knitting & Dyeing Industries witnessed the highest price correction of 13.82 per cent to close at Tk 10.60 each.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI advanced 0.14 per cent or 21.58 points to close at Tk 14348.51 points.

Of 248 issues traded, 117 advanced, 102 declined and 27 remained unchanged and the turnover stood at above Tk 125.01 million on the port city bourse CSE.

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