Dhaka, Bangladesh (BBN) – Despite a bullish trend at the beginning, the country’s both the bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – closed with marginal gain on Wednesday.
Dhaka stocks ended a marginal gain on the day with turnover declining slightly as investors booked profit to minimize their loss.
Market insiders said that though the market started with a flying note, the momentum could not sustained at the end of the day as investors took profit later part of the day’s trading.
“Market opened with broad based bullish movement and almost all the sectors were in the green territory. But later except some key sectors others could not hold on to their early gain,” LankaBangla Securities said in its market analysis.
The market opened with a bullish mood, gaining more than 65 points within five minutes. But late profit booking wiped-off most of the early gained and finally ended only 12 points higher.
After four hour trading, the benchmark General Index, the gauge of Dhaka Stock Exchange— (DGEN), went up by or 0.24 percent to close at 5,226.61.
The broader All Shares Price Index (DSI) gained 10.59 points or 0.24 percent to close at 4,380.81. The DSE-20 Index comprising blue-chip shares also advanced 37.15 points or 0.97 per cent to close at 3,853.56.
Of the issues traded at the DSE, 139 advanced, 106 declined and 16 remained unchanged.
The turnover value stood at BDT 8.51 billion, down by 8.40 percent compared to BDT 9.29 billion in the previous session.
A total of 139.43 million shares changed hands on the day against 114.99 million in the previous session. The trade deals, however, decreased to 186,891 against Tuesday’s 191,025.
The total market capitalization of the DSE stood at BDT 2,683.71 billion against BDT 2,670.02 billion in the previous session.
Grameenphone (GP) continued to top the turnover chart with shares worth Tk 415.37 million changing hands.
The other turnover leaders were Titas Gas, Beximco Limited, MI Cement, Keya Cosmetics, Jamuna Oil, Sumit Power, Meghna Petroleum, LankaBangla Finance and KPCL.
Glaxo SmithKline was the day’s highest gainer posting a rise of 7.48 per cent while Central Insurance was the worst loser.
The CSE key index, CSCX also gained 29.55 points to close at 9778 on the day. On Tuesday, the CSCX showed a gain of 245.79 points to close at 9748.44 while it slipped 13.13 points on Monday.
Of the issues traded at the CSE on the day, 95 advanced, 82 suffered losses and 16 remained unchanged.
The Chittagong bourse also recorded lower turnover on the day – at BDT 740.10 million – as against BDT 765.90 million on Tuesday.
BBN/SSR/AD-12Apr12-8:25 am (BST)