Alexa Bourses’ upsurge halted

Dhaka, Saturday   07 December 2019

Bourses’ upsurge halted

 Economy Desk

 Published: 07:16 PM, 24 September 2019  

File Photo

File Photo

Downbeat of large-cap sectors pulled the country’s capital bourse, Dhaka Stock Exchange (DSE) into backtrack today leaving behind the upsurge of previous two days in the week.

All the large cap sectors showed negative movement on Tuesday. Among them, bank exhibited lowest negative movement with 0.50 percent loss while fuel and power showed highest negative movement with 1.72 percent loss, according to the market analysts.

They said investors selling pressure to book profit from the large-cap stocks namely GP, UPGDCL and BATBC dragged down the index.

At DSE, the broad index, DSEX failed to sustain two days upwards streak and settled below the “Psychological Threshold” of 5,000 points. DSEX closed at 4958.72 points with a decline of 41.51 points or 0.83 percent from the previous day.

Besides, the two selective indices, DSE30 decreased by 15.86 points while DSES decreased by 12.85 points to stand at 1774.11 points and 1145.29 points respectively.

Meanwhile, market turnover decreased by 22 percent from the previous trading session and stood at Taka 4.05 billion.

On the DSE trading floor, a total number of 114,693 trades were executed in today’s trading session with a trading volume of 128.23 million securities.

Losers took a strong lead over the gainers as out of 351 issues traded, 103 securities gained price while 214 declined and 34 remained unchanged.

Investors exerted selling pressure on fuel and power, telecommunication, pharma and chemical sectors. Sector-wise performance exposed that mutual fund (4.0pc) and general insurance (1.5pc) experienced highest price appreciation while jute (-0.1pc), tannery (-0.9pc) and paper (-2.2pc) sector experienced highest price correction today.

Investors’ focus was mostly concentrated on general insurance (18.5pc), pharma (17.9pc) and engineering (12.6pc) sectors, according to EBL Securities.

The top 10 gainers were SEML LE Management Fund, SEML FBSL Growth Fund, SEML IBBL Shariah Fund, Vanguard AML BD Mutual Fund, ICB AMCL Agrani Bank First Mutual Fund, Phoenix Finance First Mutual Fund, EBL First Mutual Fund, CAPM BDBL Mutual Fund, United Insurance and Vanguard AML RBBF.

Fortune Shoes topped the turnover chart followed by Grameenphone, Beacon Pharma, Sonarbangla Insurance, National Tubes, Square Pharma, Monno Stafllers, Summit Power, National Polymer and VFS Thread.

The top 10 losers were Fortune Shoes, Tunghai Tex, Monno Stafflers, Saiham Tex, Miracle Industries, Coppertech, Aramit Cement, Quashem Industries, Yeakin Polymer and Eastern Cables.

Besides, the port city bourse, Chittagong Stock Exchange (CSE) was also failed to carry its upsurge. CSCX and CASPI decreased by 83.15 and 138.44 points respectively.

At CSE, a total of 11,674,770 shares and mutual fund of 250 companies were traded, of which 79 issues advanced while 153 declined and 18 issues remained unchanged.