Dhaka bourse on Sunday closed marginally higher breaking its losing streak after five sessions as prices of the large-cap companies rebounded.
The market opened the day's session with a positive note and continued the trend for an hour on the Dhaka Stock Exchange (DSE).
During mid session, the DSE broad index DSEX lost some points and finally closed the session with a marginal rise.
At the end of the session, the core index settled at 4212.44 points with a rise of 0.35 per cent or 15.05 points.
The DSEX lost 261.90 points in previous five sessions in a row following investors' panic sales.
On Sunday, the broad index closed marginally higher as the share prices of large-cap companies having impact on index movement rose marginally.
Of the large-cap companies, the share price of Grameenphone rose 0.68 per cent, British American Tobacco Bangladesh Company (BATBC) 1.58 per cent, Square Pharmaceuticals 1.06 per cent and BRAC Bank 2.15 per cent.
Riding on these big-cap companies, the newly-introduced index DSE CDSET also closed marginally higher.
According to a market review of EBL Securities, Dhaka stocks started the session enthusiastically, as a section of investors adopted bargain hunting option following lucrative price level of the shares of many companies.
"Buying spree was observed in some giant sectors namely fuel & power, telecommunication. The DSEX rose marginally riding on those companies," said the EBL Securities.
The shariah-based index DSES advanced 0.44 per cent or 4.24 points to close at 950.15.
The DS30 index comprising blue chip securities closed at 1415.70 points with a rise of 0.66 per cent or 9.32 points.
Of 354 issues traded, 179 advanced, 122 declined and 53 were unchanged on the premier bourse DSE.
The turnover stood at above Tk 2.60 billion which was 13.47 per cent less than the turnover of the previous session.
Of total turnover, Tk 173.59 million came from transactions executed in block board.
Of the major sectors, the market capitalisation of telecommunication rose 0.9 per cent, engineering 0.5 per cent, fuel & power 1.1 per cent, pharmaceuticals & chemicals 0.3 per cent and textile .05 per cent.
Of the sectors which witnessed correction, the market capitalisation of bank declined 0.3 per cent, tannery 0.1 per cent and jute 1.8 per cent.
Investors' activities were concentrated mostly on engineering sector which grabbed 14 per cent of the market turnover followed by pharmaceuticals & chemicals 13.6 per cent, fuel & power 10.4 per cent and cement 9.7 per cent.
LafaregeHolcim Bangladesh topped the scrip-wise turnover chart with a value of Tk 247 million followed by Khulna Power Company Tk 157 million, ADN Telecom Tk 143 million, Northern Jute Manufacturing Company Tk 110 million and Western Marine Shipyard Tk 86 million.
Central Pharmaceuticals was the number one gainer with a rise 8.13 per cent to close at Tk 9.3 each.
Zeal Bangla Sugar Mills was the worst loser after declining 9.75 per cent to close at Tk 29.60 each.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI advanced 0.31 per cent or 39.85 points to close at 12808.79 points.
Of 239 issues traded, 110 advanced, 92 declined and 37 were unchanged and the turnover stood at above Tk 155.70 million on the port city bourse CSE.
© 2024 - All Rights with The Financial Express