Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended on Tuesday with a marginal rise amid choppy trading.
The country’s prime bourse, Dhaka Stock Exchange (DSE) exhibited ‘upbeat’ session amidst increased participation from the investors on the day.
The market started the day’s session with a positive mood and flat movement was observed within first one hour in absence of any enthusiasm on the DSE.
During the mid-session, optimism was observed amid investors’ increased participation and eventually the broad index witnessed a marginal rise.
At the end of the session, the DSE broad index DSEX rose 0.20 per cent or 9.17 points to close at 4586.25.
The DSE Shariah index DSES went up by 0.11 per cent or 1.27 points to close at 1123.29, whereas the blue chip index DS30 shed 2.54 points to close at 1773.85.
Of 324 issues traded, 143 advanced, 57 declined and 57 were unchanged on the bourse.
The turnover stood at above BDT 4.25 billion which is around 27 per cent higher than the turnover of the previous session.
Of the day’s total turnover, BDT 129.43 million came from block transactions of the shares of four companies.
Among the major sectors based on the market capitalisation, telecom advanced 1.2 per cent, bank 1.0 per cent, telecommunication 1.2 per cent, jute 4.7 per cent, services 0.9 per cent and tannery 0.6 per cent.
Among the losing sectors, mutual fund witnessed a correction of 1.7 per cent followed by cement 1.2 per cent, travel 0.6 per cent and power 0.4 per cent.
The investors’ attention was mainly concentrated on pharmaceuticals & chemicals which contributed 17.8 per cent to market turnover followed by engineering 17.7 per cent and bank 11.7 per cent.
The BSRM topped the volume chart with a turnover of BDT 132 million followed by Bangladesh Submarine Cable Company BDT 114 million, Apex Tannery BDT 102 million, National Polymer BDT 101 million, MJL Bangladesh BDT 101 million, Beximco Pharma BDT 98 million, Shahjibazar Power Company BDT 86 million, ACI Formulation above Tk 84 million and IBN SINA more than 81 million.
The top 10 gainers witnessed price hikes ranging 7.48 per cent to 9.98 per cent on the premier bourse.
SEML Lecture Equity Management Fund was the number one gainer with a rise of 9.20 per cent to close at BDT 9.50, whereas Sandhani Life Insurance was the worst loser with a loss of 18.23 per cent to close at BDT 28.50.
On the Chittagong Stock Exchange (CSE), the benchmark index CASPI went up by 39 points to close at 14111 points.
Of 241 issues traded, 108 advanced, 107 declined and 26 were unchanged.
The turnover stood at above BDT 211.05 million on the port city bourse.
On Tuesday, some companies and mutual funds recommended dividends.
Of them, Bangladesh Submarine Cable Company recommended 10 per cent dividends, AB Bank 1st Mutual Fund 7.0 per cent, EBL NRB Mutual Fund 5.0 per cent, Popular Life Fisrt Mutual Fund 7.0 per cent and PHP First Mutual Fund 7.0 per cent.
The earlier corrections in the market lured the bargain hunters to come forward as the stocks appeared to be lucrative, according to International Leasing Securities.
“The buoyancy was exhibited mostly in small-cap issues while the several large- cap issues witnessed selling frenzy Tuesday,” the International Leasing Securities said.
On the premier bourse, the trading activities increased 27 per cent to close at BDT 4.25 billion.
“The market closed in green and the large cap sectors showed mixed performances. Telecommunication gained 1.18 per cent whereas the banks also moved up by 0.99 per cent,” said the BRAC EPL.