Dhaka, Bangladesh (BBN)– Bangladesh’s stocks returned to green breaking the losing streak of three consecutive sessions riding on mixed performance showed by major sectors.
The market started the day’s session with ‘optimism’ and the rising trend continued for half an hour on Dhaka Stock Exchange (DSE), the country’s prime bourse.
After adding 55 points, the DSE broad index DSEX started to decline and concluded the rest of the session through volatility.
At the end of the session, the DSEX closed the session with a marginal rise of 0.20 per cent or 11.40 points to close at 5635.05 points.
Of the major sectors, engineering, pharmaceuticals & chemicals, telecommunication and textile played a market supportive role while bank and financial institutions witnessed correction, according to the DSE data.
The shariah based index DSES rose 0.36 per cent or 4.92 points to close at 1338.11 points, while the blue chip index DS30 closed at 2090.98 points with a rise of 0.26 per cent or 5.43 points.
Of 334 issues traded, 193 advanced, 92 declined and 49 were unchanged on the premier bourse DSE.
The turnover stood at more than BDT 2.24 billion which was 20.65 per cent less than the turnover of the previous session.
Of the declining sectors, bank lost 0.1 per cent, financial institutions 0.3 per cent and fuel & power 0.1 per cent.
Of the gaining sectors, engineering advanced 0.7 per cent, pharmaceuticals & chemicals 0.6 per cent, telecommunication 0.3 per cent and textile 0.4 per cent.
The market opened with optimism that sustained for half an hour, but some shaky investors started to sell off and eventually the prime index closed at marginally higher, International Leasing Securities said.
“The opportunist investors took position on some sectors considering lucrative price levels. However, the bank and financial institution sectors continued to observe selling pressure,” it noted.
Investors’ participation was concentrated mostly on textile sector which grabbed 17 per cent of the market turnover followed by bank 15.7 per cent, engineering 13 per cent and pharmaceuticals & chemicals 10.5 per cent.
Monno Ceramic Industries topped the scrip-wise turnover chart with a value of BDT 100.2 million followed by Grameenphone BDT 75.2 million, IFAD Autos BDT 64 million and BRAC Bank BDT 61.8 million.
CAPM IBBL Islamic Mutual Fund was the number one gainer with a rise of 9.43 per cent to close at BDT 11.6, while Republic Insurance Company was the worst loser after declining 3.61 per cent to close at BDT 29.30.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI closed at 17423 points with a marginal rise of 37 points.
Of 206 issues traded, 109 advanced, 67 declined and 30 were unchanged and the turnover stood at above BDT 112.40 million on the port city bourse CSE.