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The Financial Express
Swasti Lankabangla Swasti Lankabangla

Weekly analysis

DSE witnesses mixed trends

| Updated: April 22, 2018 16:26:01


Weekly analysis: DSE witnesses mixed trends

The Dhaka bourse performed mixed in last week as many investors were busy with 'rebalancing' their portfolio following the declarations of dividend and first quarter earnings.

The premier bourse, however, closed the week positively following investors' enthusiastic participation in last two sessions.

The benchmark index of Dhaka Stock Exchange (DSE) settled down in green zone, but the average daily turnover declined marginally compared to previous week.

The DSEX, DSE broad index, lost 39.53 points in the first trading session and gained 11.07 points in the second session. On the third trading session the DSEX closed with a loss of 6.72 points. The last two sessions closed with a gain of 45.04 points and 20.47 points respectively.

At the end of the week, the key index DSEX added 30.33 points to close at 5843.47.

The blue chip index DS30 and shariah based index DSES added 17.4 points and 12.8 points respectively against their previous week's indices.

Of 342 issues traded, 129 advanced, 184 declined, 28 were unchanged, while one was not traded on the premier bourse.

The main bourse featured a total turnover of above Tk 25.74 billion in five sessions of last week.

The daily average turnover stood at above Tk 5.14 billion, which was 17.14 per cent lower than daily average turnover of previous week.

At the end of the week, the market capitalisation stood at above Tk 4.07 trillion on the DSE.

"Following the previous week's trend, the trading of the week started with pessimism but expectant investors reversed the market momentum in the last two sessions," said a market review of International Leasing Securities.

It said both the risk-averse and bargain hunter investors were active on the trading floor during the week.

"Trading activities has declined in last week as the risk-averse investors booked quick-gain over last few sessions price surge and refrained from making fresh investments," said the International Leasing Securities.

Positive momentum in some large cap stocks especially from telecom, bank, fuel & power, food and pharmaceutical sectors created vehemence in the investors' mood.

On the other hand, engineering, textile, financial institutions, general insurance and life insurance sectors witnessed correction in the week.

According to a market review of EBL Securities, investors' sentiment regarding the market became positive as they continued taking fresh position on sector specific stocks to rebalance their portfolios.

"Sectors exhibited mixed performance in last week with equal participation from both sides of the fence," said the EBL Securities.

Top gainers and losers list comprised of mostly small cap stocks whereas the turnover list was dominated by large caps.

Top ten traded stocks captured around 32.1 per cent of the week's total turnover value.

Major sectors showed better performance in last week. Among the major sectors based on market capitalisation, telecom advanced 2.1 per cent, bank 1.7 per cent, fuel & power 1.7 per cent, food & allied 1.5 per cent and pharmaceuticals & chemicals 1.3 per cent.

On the other hand, engineering declined 1.2 per cent followed by textile 1.1 per cent and financial institution 1.0 per cent.

The investors' activity was mostly focused on bank which grabbed 18.8 per cent of market turnover followed by miscellaneous 12.3 per cent and pharmaceuticals & chemicals 12.0 per cent.

mufazzal.fe@gmail.com

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