FE Report
The Dhaka bourse Monday witnessed a significant rise in turnover backed by investors' participation in large-cap sectors.
On the day, the market's upward trend continued till closure and the key index posted a moderate rise extending the gaining streak for seventh consecutive session
Except the tannery and banking sector, all other sectors have posted positive price return on the Dhaka Stock Exchange (DSE).
At the end of the session, the DSE broad index DSEX rose 0.70 per cent or 35.69 points to close at 5119.58 points.
"Index went straight up at the start of the session which remained upbeat over the course of the session with no sign of reversal," said a market review of AT Capital Partners.
The shariah-based index DSES went up by 0.76 per cent or 9.14 points to close at 1209.68 points, whereas the blue chip index DS30 gained 1.08 per cent or 19.71 points to close at 1841.60 points.
According to another market review of the EBL Securities, the market started Monday's session with a flying note and continued this buying spree till the closing of the session driven by the growing confidence among investors.
Of 326 issues traded, 190 advanced, 114 declined and 22 were unchanged on the premier bourse.
The turnover stood at above Tk 14.48 billion which was 45.74 per cent higher than the turnover of previous session.
Among the gaining sectors, cement advanced 1.2 per cent, engineering 2.4 per cent, financial institutions 3.8 per cent, fuel & power 1.5 per cent, general insurance 2.3 per cent, life insurance 3.3 per cent, pharmaceuticals & chemicals 1.2 per cent and textile 0.6 per cent.
Among two losing sectors, bank and tannery declined 0.8 per cent and 0.1 per cent respectively.
Investors' activity was mostly concentrated on engineering which contributed 20.10 per cent in market turnover followed by pharmaceuticals & chemicals 13.30 per cent, textile 11.80 per cent, fuel & power 10.60 per cent and bank 8.20 per cent.
Bangladesh Building Systems (BBS) topped the volume chart with a value of Tk 572 million followed by DESCO Tk 483 million, BSEXIMCO Tk 337 million, Active Fine Chemicals Tk 292 million and SINGER BD Tk 253 million.
The state-run Investment Corporation of Bangladesh (ICB) was the number gainer after rising 10 per cent to close at Tk 122.10, while Zeal Bangla Sugar Mills was the worst loser by declining 9.97 per cent to close at Tk 37.
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