Bangladesh
a year ago

DSE gains marginally, with buyers chasing selective stocks

Published :

Updated :

The Dhaka bourse on Thursday closed flat following a mixed performance of major sectors.

A section of investors took positions in sector specific stocks while others exerted selling pressure, which led to a marginal rise both in daily turnover and the broad index.

The Dhaka Stock Exchange (DSE) opened the day's session with a positive note. The DSE broad index DSEX was in an upward trend for 45 minutes.

Later, the index declined for a while and exhibited volatility for two hours before closing the session with a marginal gain.

At the end of the session, the DSEX settled at 6,299.49 points with a rise of 0.10 per cent or 6.35 points.

EBL Securities in a market review said the core index remained afloat in green territory, withstanding the mild volatility throughout the session as buyers were slightly on the dominant side as they sought quick-gain opportunities in selective scrips.

However, it added that most investors had preferred to remain watchful and stay on the sidelines due to concerns over the market outlook.

The DS30 index comprising blue chip securities also advanced marginally and closed at 2141.61 points, 0.09 per cent up from the previous session.

The appreciation of some large cap companies pushed the index up.

Of the companies, Eastern Housing experienced the highest appreciation of 5.55 per cent among blue-chip stocks. It secured the fourth position on the chart of DSE top 10 gainers.

Of the other blue chip companies, LafargeHolcim Bangladesh and Square Pharmaceuticals experienced a marginal rise after corrections in the previous session.

The premier bourse on Thursday featured a turnover of Tk 4.56 billion, 10 per cent up from the previous session.

Like the previous session, the food & allied sector had the highest contribution to turnover volume. The sector grabbed 25.2 per cent of the market turnover.

Of the 317 issues traded, 87 advanced, 67 declined and 163 were unchanged.

Fu Wang Food was the most traded stock with a transaction of Tk 574.7 million, followed by Eastern Housing, Sea Pearl Beach Resort & Spa and Emerald Oil Industries.

Daffodil Computers topped the chart of top 10 gainers for the second consecutive session with a price spike of 7.20 per cent.

On the other hand, Reliance Insurance Company was the day's worst loser after shedding 2.87 per cent.

The IT sector experienced the highest rise of 1.03 per cent in market cap, riding on price appreciations of majority companies.

Of the 11 IT companies, seven advanced on the DSE.

Of the major sectors, engineering, general insurance and food & allied saw a marginal rise and their market caps advanced between 0.01 per cent and 0.25 per cent.

The market cap of another major sector, pharmaceuticals & chemicals declined 0.03 per cent.

[email protected]

Share this news