The Dhaka bourse passed the week that ended Thursday through volatility, although investors were cheerful following some positive news regarding market reforms and economic indicator.
The benchmark index added some points last week, although the turnover declined a little bit due to investors' 'watchful' attitude ahead of corporate declarations by the listed securities.
Over the week, the list of turnover leaders was dominated by high-cap stocks on the Dhaka Stock Exchange (DSE).
On the other hand, the lists of top gainers and top losers were dominated by small- cap stocks, according to LankaBangla Securities.
The DSE broad index, DSEX started the week's session with 4695.19 points to close at 4723.73, a 0.61 per cent or 28.54 points up against the previous week.
The blue-chip index, DS30 advanced 0.33 per cent or 5.89 points and stood at 1,784.59 after closure of week's last session. The Shariah-based index, DSES gained 0.49 per cent and stood at 1,131.39.
"Some of the positive news including robust growth in the net foreign investment, upward revision of GDP growth by World Bank and IMF and rising private sector credit growth helped investors remain cheerful," said a market commentary of Internal Leasing Securities.
According to BRAC EPL, the net foreign investment stood at Tk 5.87 billion in the first nine months of 2016 which was 617.0 per cent higher than the same period of the previous year.
"A significant rise of the middle class has been projected to 59.0 million from 39.0 million in the next decade and will drive the consumer trends and social change over the next 10 years," said the BRAC EPL.
The week featured five sessions. On the first session, the market lost 0.09 per cent and on the second session the market remained almost unchanged.
However, the market turned around on the third session and went up by 0.38 per cent. On the fourth and fifth session the market gained 0.11 per cent and 0.21 per cent respectively.
The week's daily average turnover was above Tk 5.41 billion which was 3.4 per cent less than the average turnover of the previous session.
The number of trades also declined by 18.8 per cent to close at 597,986 on the premier bourse.
Among the major sectors, banks witnessed average daily turnover of above Tk 431 million followed by engineering above Tk 870 million, fuel & power above Tk 742 million, miscellaneous above Tk 394 million, pharmaceuticals above Tk 539 million and textiles above Tk 716 million.
All the large cap sectors showed positive performances except NBFIs which lost 1.23 per cent during the week.
In the financial sector, banks advanced 0.94 per cent over the week. Among non-financial sectors, food & allied advanced 1.31, power 1.03 per cent, engineering 0.97 per cent, telecommunication 0.73 per cent and pharmaceuticals 0.39 per cent.
The investors' activity was mostly focused on engineering which captured 16.4 per cent of total market turnover, fuel and power 14.0 per cent, textile 13.4 per cent and pharmaceuticals 10.1 per cent.
MJL Bangladesh topped the volume chart with average daily turnover of Tk 191.41 million followed by Singer BD Tk 142.41 million, Bangladesh Shipping Corporation (BSC) Tk 124.94 million, BSRM Steel Tk 116.30 million, Square Pharmaceuticals Tk 108.02 million, Jamuna Oil Tk 102.76 million, Lafarge Surma Cement Tk 87.20 million, LankaBangla Finance Tk 80.58 million, Yeakin Polymer Tk 79.39 million and BSRM Limited Tk 69.29 million.
Among the top gaining companies Intech Online posted a rise of 23.02 per cent while Yeakin Polymer was the worst loser with a loss of 12.95 per cent.
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