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DSE starts week on a positive note

WT24  Desk
The share price indices at countries premier bourse, Dhaka Stock Exchange (DSE), started the first week of the New Year positively with an up trend in the daily turnover, UNB reports. The daily average turnover at the DSE was Tk 542.79 crore, a rise by 40 percent, while last week’s average turnover was Tk 387.71 crore.The DSE benchmark index, DSEX gained 46.44 points or one percent to close at 4,676.08 points in the week. DSEX closed the previous week at 4,629.64 points, gaining 21.32 points or 0.46 percent.  DS30, the blue chip index at the DSE, also gained 20.70 points or 1.18 percent to close at 1,771.29 points on the previous week.

The DSEX Shariah Index, DSES closed the week at 1,126.90 points gaining 19.78 points or 1.79 percent.  Of the 325 issues traded at the DSE last week, 188 gained, 114 suffered loss and 23 remained unchanged.  Analysing last week’s capital market, LankaBangla Securities said, “Though DSEX declined during the first two trading sessions of the year, it gained 46.4 points in the last week.”

“Despite the index crossed its resistance at 4,660 level, upward trend of the market slowed down in the last trading sessions of the week. Average weekly turnover of the week grew by 40 percent and stood at Tk 542.79 crore”, the leading stockbroker added.  The merchant bank also said, “Top gainers and losers of the week mostly consist of small-cap companies. Among the large-cap shares, United Power Generation & Distribution and Titas Gas gave price return of 15 percent and 5.7 percent respectively.”

Among the major gaining sectors, Paper & Printing gained 14.3 percent followed by Fuel & Power 5.6 percent and IT Sector 5.2 percent.  The major losing sectors were Food & Allied and Life Insurance with 3 percent and 2.4 percent loss respectively.  The week’s top five gainers at Dhaka bourse were Miracle Industries with a gain of 30.59 percent, followed by BD Welding Electrodes 24.55 percent, Argon Denims 17.94 percent, Khulna Printing & Packaging 17.21 percent and National Feed Mill 17.06 percent.

United Power Generation & Distribution Company topped the week’s turnover chart with shares worth Tk 122.01 crore, followed by Beximco Tk 120.03 crore, Beximco Pharma Tk 99.28 crore, Emerald Oil Industries Tk 79.69 crore and Ifad Autos with shares worth Tk 71.13 crore.

Top five losers at the DSE on the last week were Western Marine Shipyard losing 12.68 percent, followed by Shyampur Sugar Mills 10.77 percent, Desh Garments 7.83 percent, Apex Spinning 6.27 percent and Savar Refractories 6.25 percent.

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