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Weekly analysis: Major sectors witness investors' increased participation

FE Report | Published: November 17, 2017 10:43:46 | Updated: November 19, 2017 14:54:18


 

The Dhaka bourse Thursday closed higher as most of the major sectors witnessed increased participation of investors.

Among the major sectors, bank, financial institutions, engineering, fuel & power, pharmaceuticals & chemicals and textiles played a market supportive role.

Subsequently, the benchmark index of the premier bourse reached its all-time high 6,282 points since its inception in January, 2013.

According to International Leasing Securities, the market opened on a positive note and the upward trend sustained till the end of the session amidst modest volatility.

"The opportunist investors revealed their buying interest on large cap stocks, especially from bank, food and engineering sectors. On the other hand, some investors opted for liquidating their position from cement, general insurance and mutual fund sectors," said the International Leasing Securities.

During the last two hours, the DSE observed investors' increased participation and closed the day's session with a moderate rise in broad index.

At the end of the session, the DSEX closed at 6,282.09 points with a rise of 0.74 per cent or 46.38 points, while the shariah-based index DSES and blue chip index DS30 also rose marginally.

On the day, the share trading of 39 companies remained suspended due to their record dates and the turnover declined a little bit.

Of 296 issues traded, 172 advanced, 90 declined on the DSE.

The turnover stood at above Tk 7.37 billion which was 16 per cent less than the turnover of the previous session.

"Banking sector remained the first choice and investors conducted fresh buy from food & allied and financial institutions," said another market review of EBL Securities.

The banking sector grabbed 36.6 per cent of the turnover featured by the premier bourse DSE.

BRAC Bank topped the scrip-wise turnover chart with a value of Tk 536 million followed by Square Pharmaceuticals, Grameenphone, City Bank, and AB Bank.

Golden Harvest Agro Industries was the number one gainer with a rise of 10 per cent to close at Tk 41.80, while Dragon Sweater and Spinning was the worst loser after declining 9.32 per cent to close at Tk 17.50.

mufazzal.fe@gmail.com

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