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Broad index of Dhaka Stock Exchange (DSE) on Wednesday rose marginally and broke the losing streak of previous three sessions riding on some large cap companies.
On the day, the market saw another decline in turnover value which dropped below Tk 9.0 billion following investors’ lower participation in transactions.
Meanwhile, textile sector grabbed 16.30 per cent of the total market turnover followed by miscellaneous 14.20 per cent, engineering 13.6 per cent, and pharmaceuticals & chemicals 10.80 per cent.
The premier bourse opened the day’s session positively but the DSE broad index DSEX lost some points at the very beginning.
Soon later, the DSEX displayed a slow upward trend which continued till midsession. After the midsession, the broad index saw no major correction and closed the session marginally higher.
At the end of the session, the core index settled at 6948.67 with a rise of 0.44 per cent or 30.76 points.
The shariah based index DSES advanced 0.22 per cent or 3.32 points to close at 1498.55 points.
The DS30 index comprising blue chip securities closed at 2550.50 points with a rise of 0.55 per cent or 14.13 points.
“Dhaka stocks returned to the green territory as investors’ participation in some large-cap issues helped equity indices close higher,” said a market review of EBL Securities.
It said trading activities were sluggish on Wednesday while turnover remained below Tk 10 billion and stood at the lowest level in this year as most of the investors were on the sidelines amidst the ongoing bearish vibe in order to avoid further correction.
Of 379 issues traded traded on Wednesday, 186 advanced, 134 declined and 59 were unchanged on the premier bourse DSE.
Dhaka bourse on Wednesday posted a turnover of Tk 8.87 billion which was 2.31 per cent less than the turnover of the previous session.
Of total turnover, Tk 328 million came from the transactions executed in the block board.
According to another market review of the International Leasing Securities, the turnover value dropped below Tk 9.0 billion as investors have adopted wait-and-see approach amid the recent bearish market trend.
Textile sector advanced 1.3 per cent, food & allied 1.5 per cent, life insurance 0.9 per cent, pharmaceuticals & chemicals 0.7 per cent, telecommunication 0.2 per cent and paper & printing 3.5 per cent.
IT declined 1.0 per cent, jute 1.8 per cent, services & real estate 1.2 per cent and travel & leisure 0.4 per cent.
Beximco topped the scrip wise turnover chart with a value of Tk 867 million followed by Anwar Galvanizing Tk 265 million, Orion Pharma Tk 258 million, Bangladesh Shipping Corporation Tk 252 million and Dragon Sweater and Spinning Tk 214 million.
Crown Cement was the number one gainer with a rise of 9.87 per cent to close at Tk 67.90 each.
Queen South Textile Mills was the worst loser after declining 8.86 per cent to close at Tk 25.70 each.
CASPI, benchmark index of the Chittagong Stock Exchange (CSE), on Wednesday advanced 0.41 per cent or 82.47 points to close at 20313.71.
Of 288 issues traded, 165 advanced, 84 declined and 39 were unchanged and the port-city bourse posted a turnover of Tk 244.61 million.
(FE)
