FE Today Logo

Stocks begin month on positive note

Turnover surges 26pc on DSE


FE Report | October 03, 2022 00:00:00


The stock market began the month of October on a plus side, extending the gaining streak for a third consecutive session on Sunday amid mixed performance of major sectors.

The turnover of Dhaka Stock Exchange (DSE) also surged 26 per cent due to increased participation of investors.

The benchmark equity index of DSE opened the day higher and remained positive throughout the session but wiped off some gains in the end.

At the end of the session, the benchmark DSEX index settled 0.28 per cent or 18.69 points higher at 6531.58 points.

The Shariah-based DSES index also advanced 0.26 per cent or 3.82 points to close at 1,423.55 while the blue-chip DS30 index went up by 0.14 per cent or 3.40 points to 2,333.82.

"The equity indices of the Dhaka bourse witnessed a steady uptrend, extending the momentum from the previous two sessions, as opportunist investors continued to concentrate on sector-specific stocks with an apprehension of quick gains," said a market review of EBL Securities.

Of 373 issues traded on Sunday, 115 advanced and 81 declined while 177 remained unchanged.

The premier bourse posted a turnover of Tk 15.33 billion, up 26 per cent from the previous day's tally of Tk 12.17 billion.

Of the total turnover, Tk 838.84 million came from transactions executed in the block board.

Of the sectors which saw price appreciation, the banking sector advanced 0.1 per cent, engineering 0.9 per cent, general insurance 0.1 per cent, pharmaceuticals & chemicals 0.4 per cent, and textile 1.8 per cent.

Of the sectors that went through price correction, financial institution sector declined 0.6 per cent, fuel & power 0.1 per cent, miscellaneous 0.7 per cent, life insurance 1.0 per cent and travel & leisure 4.2 per cent.

Investors' participation was concentrated mostly on pharmaceuticals & chemicals sector which grabbed 15.60 per cent of the market turnover, followed by miscellaneous (15.50 per cent), engineering (15.30 per cent), textile (9.7 per cent), and IT sector (5.6 per cent).

Orion Pharma topped the scrip-wise turnover chart with a value of Tk 1.21 billion, followed by Beximco (Tk 1.0 billion), Eastern Housing (Tk 737 million), JMI Hospital Requisite Manufacturing (Tk 662 million) and Bangladesh Building Systems (Tk 573 million).

Monospool Paper Manufacturing Company was the number one gainer, rising 19.23 per cent or Tk 37.10 to close at Tk 230.

Sea Pearl Beach Resort & Spa was the worst loser, shedding 7.12 per cent or Tk 9.30 to close at Tk 121.30 each.

The Chittagong Stock Exchange (CSE) also edged up on the day. CASPI, the benchmark index of CSE, closed at 19260.19 points with a rise of 0.36 per cent or 70.91 points.

Of 247 issues traded on the CSE, 89 advanced and 55 declined while 103 others remained unchanged.

[email protected]


Share if you like