FE Report
The premier bourse Sunday featured a steep rise in key index on the first trading day of the new calendar year amidst investors' enthusiastic participation.
On the day, most of the sectors witnessed positive returns reflecting new hopes.
The market started the day's session positively and its upward trend continued till closure without any fluctuation on the Dhaka Stock Exchange (DSE).
The turnover, however, declined a little bit as many investors refrained from offloading shares following a positive trend of the market, market insiders said.
At the end of the session, the DSE broad index DSEX rose 0.95 per cent or 47.84 points to close at 5083.89 points.
The shariah-based index DSES went up by 0.72 per cent or 8.66 points to close at 1200.53 points, whereas the blue chip index DS30 gained 0.60 per cent or 10.97 points to close at 1821.88 points.
"Opening buoyancy continued through the session as the excited investors went for position taking by injecting fresh fund on sector-specific stocks," said a market review of International Leasing Securities.
It said buoyancy in several large-cap issues, mostly from financial institution and travel sectors has contributed sharply to the upswing in indices.
At the end of the session, the turnover stood at above Tk 9.93 billion which was 7.18 per cent less than the turnover of previous session.
Of 326 issues traded, 243 advanced, 60 declined and 23 were unchanged on the premier bourse.
Sheltech Brokerage, said, "The prime index, DSEX, started the year with positive move mainly led by non-bank financial institutions, mutual funds and engineering stocks".
Among the gaining sectors, bank advanced 0.7 per cent, ceramic 2.2 per cent, engineering 2.6 per cent, financial institutions 3.8 per cent, fuel & power 1.23 per cent, mutual fund 4.0 per cent, pharmaceuticals & chemicals 0.6 per cent, textile 2.0 per cent and travel & leisure 3.1 per cent.
On the day, only three sectors witnessed price correction on the premier bourse. The sectors are telecommunication, cement and life insurance.
Investors' participation was mostly concentrated on the companies of engineering sector which contributed 22.40 per cent in market turnover followed by textile 16.70 per cent, bank 12 per cent, pharmaceuticals & chemicals 9.9 per cent and fuel & power 6.2 per cent.
IFAD Autos topped the volume chart with a turnover of Tk 305 million followed by National Bank Limited Tk 294 million, RSRM Steel Tk 252 million, Bangladesh Building Systems (BBS) 221 million and SINGER BD Tk 206 million.
Phoenix Finance 1st Mutual Fund was topped the gainers' chart with 10 per cent rise to close at Tk 6.6, while Zeal Bangla Sugar Mills was the number one loser after declining 7.84 per cent to close at Tk 41.10.
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