Alexa Bourses bounce back

Dhaka, Wednesday   22 January 2020

Akash

Bourses bounce back

 News Desk daily-bangladesh.com

 Published: 08:25 PM, 21 November 2019  

Photo: Collected

Photo: Collected

Country’s premier bourse, Dhaka Stock Exchange (DSE), bounced back to the green after witnessing correction in the last session amidst increased participation from the enthusiastic investors. –BSS reports.

The positive vibe was observed from the beginning of the session which continued till the closure although volatility recorded in the last hour of the session.

The opportunist investors’ buoyancy in telecom, pharma, engineering, financial institutions, and textile sector stocks helped the benchmark index to close 14 points higher over the last session.

The broad index, DSEX closed at 4706.66 points on Thursday with a gain of 14.73 points or 0.31 percent.

However, the shaky investors opted for liquidating their position from bank, fuel & power and food sector stocks. The investors’ participation has slightly increased over the last session.

Besides, the two selective indices, Blue Chip index, DSE30, and the Shariah index, DSES also went up by 5.32 points and 6.32 points to settle at 1650.63 points and 1081.77 points respectively.

The general insurance sector continued to dominate the turnover board and grabbed 23.3% of the day’s total turnover.

Top ten traded stocks captured around 31.2% of the day’s total turnover where Beacon pharma led the list with 6.5% contribution.

On the DSE trading floor, a total number of 121,262 trades were executed in today’s trading session with a trading volume of 146 million securities.

Gainers took a strong lead over the loser as out of 325 issues traded, 144 securities gained price while 123 declined and 58 remained unchanged.

Most of the sectors witnessed better performance today. Among the major sectors based on market capitalization – telecom (1.9%), pharma (0.6%), engineering (0.8%), financial institutions (0.7%) and textile (1.2%) sectors achieved price appreciation while bank (-0.1%), fuel & power (-0.2%) and food (-0.1%) sectors witnessed correction, according to a market operator, International Leasing Securities.

It also said the investors’ activity was mostly centered on general insurance (23.3%), pharma (14.5%) and engineering (11.1%) sectors.

The top 10 gainers were United Insurance, Sea Peal, Queen South Tex, Mozaffar Hossain Spinning Mill, ML Dying, Green Delta Insurance, GQ Ball Pen, Quasem Industries, BD Auto Car and Purabi Gen Insurance.

Beacon Pharma topped the turnover chart followed by Grameenphone, Purabi General Insurance, National Tubes, Sonarbangla Insurance, Fortune Shoes, BSCCL, Square Pharma and Asia Insurance.

The top 10 losers were CNA Tex, Alif, Renata, Far Chemical, Delta Spinning, CAPM BDBL Mutual Fund, Gemini Sea, Kattali Tex, Emerald Oil, and Khulna Printing & Packaging.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE), also closed at the green from the bearish streak of the previous day.

CSCX and CASPI went up by 5.77 points and 9.12 points to stand at 8675.85 points and 14272.13 points respectively.

At CSE, a total of 7,119,480 shares and mutual funds of 241 companies were traded, of which 115 issues advanced while 83 declined and 38 issues remained unchanged.
 

DailyBangladesh/EKD