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DSE extends upbeat

Country’s premier bourse, Dhaka Stock Exchange (DSE) remained in green today amid choppy trading, as the investors were active in both sides of the trading fence throughout the session.

The optimistic investors’ buying appetite was mostly observed in the beginning of the trading which continued till the closure though the shaky investors booked some quick gain.

The buyer’s attention was mostly on fuel and power, general insurance, pharma, financial institutions and engineering sectors stocks which helped the index to close in green.

The broad index, DSEX closed at 4722.01 points on Monday with a gain of 4.62 points or 0.09 percent.

However, the risk-averse investors bagged some profit in food, bank and cement sectors stocks.

Trading activities has increased by 12.6% over last session as the investor’s injected fresh fund which helped to cross the turnover Taka 4.0 billion marks.

Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah index, DSES also went up by 9.78 points and 1.02 points to settle at 1652.15 points and 1084.71 points respectively.

The general insurance sector continued to dominate the turnover board and grabbed 22.7% of the day’s total turnover.

On the DSE trading floor, a total number of 131,215 trades were executed in today’s trading session with a trading volume of 133.40 million securities.

Gainers took a strong lead over the losers as out of 341 issues traded, 156 securities gained price while 135 declined and 50 remained unchanged.

Most of the sectors witnessed better performance today. Among the major sectors based on market capitalization – fuel and power (1.0%), general insurance (2.0%), pharma (0.2%), financial institutions (0.4%) and engineering (0.7%) sectors achieved price appreciation while bank (-0.2%), food (-0.3%) and cement (-0.6%) sectors witnessed correction, according to a market operator, International Leasing Securities.

It added the investors’ activity was mostly centered on general insurance (22.7%), engineering (15.2%) and pharma (13.1%) sectors.

The top 10 gainers were BD Auto Cars, Asia Insurance, Eastland Insurance, Safko Spinning, Sea Pearl Resort, City General Insurance, Monno Jute Stafflers, ML Dying, Eastern Cables and Purabi General Insurance.

National Tubes topped the turnover chart followed by Wata Chemical, Asia Insurance, Sonarbangla Insurance, Dutch Bangla Bank, Stylecraft, National Polymer, Fortune Shoes, Monno Ceramics and Square Pharma.

The top 10 losers were Kohinoor Chemicals, Summit Alliance Port, Premier Cement, ICB AMCL Second Mutual Fund, Far East Knitting, National Feeds, Khan Brothers’ PP, Mutual Trust Bank, Kattali Textile and Standard Bank.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) closed at red from the winning streak of the previous day.

CSCX and CASPI went down by 13.73 points and 23.31 points to stand at 8709.52 points and 14325.19 points respectively.

At CSE, a total of 8,024,446 shares and mutual fund of 237 companies were traded, of which 96 issues advanced while 111 declined and 30 issues remained unchanged.

(BSS)

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