Dhaka, Bangladesh (BBN)– Bangladesh’s stocks ended on Sunday with a marginal rise in broad index, although the turnover declined following less participation from the investors.
The first working day of the ongoing week, the flat movement of previous week was almost reflected on the Dhaka Stock Exchange (DSE) because of mixed performances showed by the major sectors.
The market started the session with a positive mood and continued the optimism for an hour. Soon later, the market failed to continue the enthusiasm and the DSE broad index DSEX ended flat in green through ups and downs.
At the end of the session, the DSE broad index DSEX closed at 4577.08 points with posted a gain of 2.72 points.
The DSE Shariah index DSES lost 1.44 points to close at 1122.02 points, whereas the blue chip index DS30 shed 4.62 points to close at 1776.39 points.
However, the turnover dropped by 33 per cent to BDT 3.35 billion on Sunday from BDT 5.0 billion of the previous working day, the DSE data showed.
Of 324 issues traded, 124 advanced, 143 declined and 57 were unchanged.
Among the major sectors, banks advanced 0.1 per cent, fuel & power 0.3 per cent, food 0.2 per cent, services 1.0 per cent and textile 0.5 per cent.
Among the losing sectors, cement lost 0.6 per cent, engineering 0.6 per cent and non-banking financial institutions (NBFIs) 0.8 per cent.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI witnessed ups and downs throughout the whole session.
At the end of the session, the CASPI gained 6.24 points to close at 14073.05 points.
Of 251 issues traded, 115 advanced, 91 declined and 45 were unchanged and the turnover stood at above BDT 208.87 million on the port city bourse.
According to some of the market insiders, ‘indecisiveness’ and ‘watchful’ stance among the investors resulted into flat closing after daylong ups and down.
“The buyers attention was mostly grasped by the service, tannery and ceramic sector while mutual fund, financial institution and travel sector witnessed selling-offs,” said a market commentary of the International Leasing Securities.
“The large-cap sectors showed mixed performances. The power sector was the highest gainer followed by food & allied, pharmaceuticals and banks,” said the BRAC EPL.
The day’s top 10 gainers witnessed price hikes ranging 5.07 per cent to 9.43 per cent.
Among the companies, the Beach Hatchery was the number one gainer with a rise of 9.43 per cent to close at BDT 11.60.
On the other hand, the Meghna Pet Industries was the worst loser with a loss of 9.67 per cent to close at BDT 8.40.
The multinational companies Sunday witnessed marginal rise amid flat movement of the market.
Among the companies, the market price of Glaxo SmithKline rose 4.34 per cent to close at BDT 1626.90 and Marico Bangladesh 0.57 per cent to close at BDT 1267.
The investors’ attention was mainly concentrated on engineering which contributed 21.2 per cent to market turnover followed by pharmaceuticals & chemicals 13.3 per cent and textile 13.0 per cent.
Envoy Textiles topped the volume chart with a turnover of BDT 104 million followed by Shahjibazar Power Company BDT 100 million, MJL Bangladesh BDT 94 million, Bangladesh Shipping Corporation BDT 92 million, BSRM BDT 88 million and Aman Feed BDT 77 million.