Dhaka bourse on Monday closed marginally higher extending the gaining streak for third consecutive session riding on some major sectors, especially the insurance.
On the day, the broad index of Dhaka Stock Exchange (DSE) crossed 4900-point mark, while the turnover rose moderately following investors' increased participation on insurers, mutual funds and banks.
The market opened the day's session positively but soon later the DSE broad index DSEX started to decline and witnessed see-saw during mid-session.
Following the last hour's buoyancy, the core index closed marginally higher and settled at 4902.15 points with a rise of 0.50 per cent or 24.50 points.
The shariah based index DSES advanced 0.30 per cent or 3.34 points to close at 1114.57.
The DS30 index comprising blue chip securities went up by 0.87 per cent or 14.72 points to close at 1690.27.
Of 356 issues traded, 164 advanced, 128 declined and 64 were unchanged on the premier bourse DSE.
Meanwhile, Grameenphone has reported its EPS of Tk. 6.59 for July-September 2020 as against Tk. 5.38 for July-September 2019.
On Monday, the company's share price closed at Tk 335.90 each with a rise of 0.27 per cent or Tk 0.90.
At the end of Monday's session, the DSE featured a turnover of above Tk 7.84 billion which was 19.29 per cent higher than the turnover of the previous session.
Of total turnover, Tk111.31 million came from transactions executed in block board.
According to a market review of International Leasing Securities, Dhaka bourse closed higher for third consecutive sessionsas the bargain hunters continued theirbuying spree on sector specific issues.
"Many investors opted to reshuffle their portfolios fromengineering, IT, life insurance and textile sectors based on the ongoing year-end and quarter-end corporate declarations," said the International Leasing Securities.
Of the sectors which witnessed price appreciation, general insurance advanced 3.5 per cent, mutual fund 3.4 per cent, jute 6.0 per cent, bank 0.6 per cent, financial institutions 0.9 per cent, and telecommunication 0.3 per cent.
Of the sectors which displayed price correction, engineering declined 2.4 per cent, fuel & power 0.4 per cent, and textile 0.8 per cent.
Investors' participation was concentrated mostly general insurance sector which captured 39 per cent of market turnover followed by pharmaceuticals & chemicals 9.1 per cent, engineering 8.0 per cent, bank 6.1 per cent and mutual fund 5.7 per cent.
Beximco Pharmaceuticals topped the turnover chart with a value of Tk 340 million followed by Beximco, Provati Insurance Company, Continental Insurance and Bangladesh Submarine Cable Company.
Asia Insurance was the number one gainer with a rise of 10 per cent or Tk 5.30 to close at Tk 58.30 each.
Savar Refractories was the worst loser after declining 8.75 per cent or Tk 30.40 to close at Tk 317.20 each.
On Monday, the benchmark index of Chittagong Stock Exchange (CSE) advanced 0.70 per cent or 97.71 points to close at 14031.27 points.
Of 253 issues traded, 111 advanced, 96 declined and 46 remained unchanged.
At the end of the session, the port city bourse CSE featured a turnover of Tk 194.33 million.
© 2024 - All Rights with The Financial Express
