Stocks end week in upturn...

Dhaka, Thursday   26 November 2020

Stocks end week in upturn

 BSS Report

 Published: 07:36 PM, 29 October 2020  

File Photo

File Photo

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) finished the week taking upturn buoyed by appetite of enthusiastic investors on sector-specific issues.

DSE returned to green after losing 79 points over the last five consecutive sessions as eager investors took positions on sector-specific stocks based on the ongoing corporate declarations.

Following the previous session, the market started with negative tune but active presence of the bargain hunters took the benchmark index to the green.

The broad index, DSEX settled at 4846.10 points on Thursday, last working day of the week, with a gain of 7.57 points or 0.15 percent.

Besides two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also increased by 14.63 points and 4.52 points to settle at 1680.13 points and 1098.80 points respectively.

On the DSE trading floor, a total number of 176,980 million trades were executed in today’s trading session with a trading volume of 374.59 million securities.

The turnover, a crucial indicator of the market, plunged by 13 percent over last session as some of the investors preferred sidelines to observe the market movement.

DSE’s turnover stood at Taka 9.63 billion from Taka 11.12 billion in the previous session.

Gainers took lead over losers as out of 354 issues traded, 154 securities gained price while 135 declined and 165 remained unchanged.

The market-cap of DSE increased to Taka 3,912 billion from Taka 3,889 billion of the previous session.
General insurance sector continued dominating the turnover board and captured around 40 percent of total turnover while top losers list were comprised from the sector, according to a market analyst, International Leasing Securities Limited (ILSL).

It said major sectors witnessed mixed performance today. Among the sectors – engineering (4.9%), fuel and power (2.9%), and textile (1.5%) sectors achieved price appreciation while general insurance (-7.1%), life insurance (-2.5%) and mutual fund (-1.0%) sectors witnessed price correction.

The investors’ activity was mostly centered on general insurance (40.4%), pharma (11.2%) and mutual fund (10.3%) sectors while Beximco Pharma (6.6%), Paramount (3.8%) and Provati Insurance (3.7%) led the scrip wise turnover board, added ILSL.

Beximco Pharma topped the turnover chart followed by Paramount Insurance, Provati Insurance, Global Insurance, Express Insurance, Pioneer Insurance, Beximco Limited, Asian Insurance, Asia Pacific Insurance and United Power.

The top 10 gainers were Hwa Well Tex, KBPP, WBIL, Miracle Industries, ISN Limited, KTL, Peninsula Industries, Summit Alliance Port, AOL, New Line and Style Craft.

The top ten losers were Karnaphuli Insurance, Global Insurance, Nitol Insurance, Islami Insurance, Northern Insurance, Janata Insurance, Eastland Insurance, Sandhani Insurance, United Insurance and Intech Limited.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also returned to green from the bearish streak of last previous sessions.

Selective categories index, CSCX and all shares price index, CASPI rose by 14.91 points and 28.00 points to stand at 8319.74 points and 13824.13 points respectively.

At CSE, a total of 16,082,932 share and mutual funds of 256 companies were traded, of which 105 issues advanced while 101 declined and 50 issues remained unchanged.