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Bourses bounce back

WT24 Desk

Country’s both the bourses turned back and registered upward trend after the six consecutive days buoyed by the positive note of large cap companies, BSS reports.

Country’s capital bourse, Dhaka Stock Exchange (DSE) closed today by returning to green with a mentionable gain in all indexes.

“Positive movement of large cap stocks like GP, United power contributed the maximum to the positive closing of the prime index,” said market operator, EBL Securities.

It observed investors were seemed to be interested in sector-wise issues after the recent fall.

However, investors exerted buying pressure on sector specific stocks, especially telecommunication, fuel and power, pharmaceuticals and chemicals and engineering sectors.

The market turnover increased and stood at Taka 4.27 billion by the end of the session which is 14 percent higher than yesterday.

The core index, DSEX closed at 5013.01 points with a gain of 26.64 points. Besides, the two selective indices, DSE30 increased by 9.78 points and DSES increased by 8.29 points to stand at 1758.20 points and 1167.07 points respectively.

A total number of 117,069 trades were executed in today’s trading session with a trading volume of 11.07 million securities. At DSE, 192 securities gained price while 97 declined and 63 remained unchanged.

Sector wise performance exposed that jute (4.6%), telecom (2.1%) and general insurance (1.5%) sector experienced highest price appreciation while travel (-0.7%), It (-0.7%) and life insurance (-0.3%) sector experienced price correction.

Investors’ attention was mostly concentrated on fuel and power (18.9%), engineering (17.2%) and pharmaceutical (13.9%) sectors.

The top ten gainers were SEML IBBL Shariah Fund, Khan Brothers PP Woven Bang, Golden Harvest Agro, Deshbandhu Polymer, Khulna Power Company, SEML Lecture Equity Management Fund, EBL NRB Mutual Fund, Monno Stafflers, National Tubes and SEML FBLSL Growth Fund.

United Power topped the turnover list followed by IPDC, Fortune, Monno Ceramic, Khulna Power and Monno Stafflers.

The top ten losers were First Finance Limited, Prime Bank First ICB AMCL Mutual Fund, Shyampur Sugar Mills, Copper Tech, Jute Spinners, Sea Pearl Beach Resort, Meghna Petroleum, VFS Thread Dying, Fareast Finance and Investment, and Gemini Sea Food.

The port city bourse, Chittagong Stock Exchange (CSE) ended session with a gain today. CSCX and CASPI increased by 30.88 and 50.45 points respectively.

At CSE, a total of 6,699,463 shares and mutual fund of 263 companies were traded, of which 130 issues advanced while 97 declined and 36 issues remained unchanged.

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