Dhaka, Bangladesh (BBN)- The week's total turnover value increased significantly to BDT40.66 billion in the Dhaka Stock Exchange (DSE) against BDT 29.71 billion in the previous week. This is the also highest weekly turnover value in almost five months.
The average daily turnover value stood at BDT 8.13 billion, which was 36.85 percent higher compared to BDT 5.94 billion in the previous week, the DSE data showed.
Out of 278 issues traded, 188 advanced, 72 declined and 18 remained unchanged in the week.
The DSE closed higher last week, after one-week respite with significantly improving turnover value as some institutional investors went for a buying binge.
The market analysts said investors went on a buying spree anticipating a bull-run as institutional investors became active in injecting fresh funds into the market while some foreign portfolio investors also came to the market.
The week witnessed five trading sessions as usual. Among those, four sessions gained 134.56 points while one session lost 27.81 points.
In the week, benchmark general index of the Dhaka Stock Exchange (DGEN), went up by 106.75 points or 2.47 percent to close at 4,431.76.
The broader All Shares Price Index (DSI) soared 86.15 points or 2.35 percent to 3,745.86. The DSE-20 Index comprising blue chips gained only 4.12 points or 0.12 percent to close at 3,386.97.
"After one-week respite, the market went back to the gaining track on small capitalization's rally. Moreover, sustainable liquidity in the money market eased the pressure on institutional investors, which allowed them in taking further position," commented LankaBangla Securities in its weekly market analysis.
"As the week began, increased investors' participation as well as profit taking and reinvestment activities lifted DGEN during the whole week," stated IDLC Investments in its weekly analysis.
However, as uptrend persisted for quite a few days, the investors opted for profit booking at the end of week, it added.
The market capitalization of the DSE increased by 2.17 per cent in the week, as it was BDT 2,423.02 billion on the opening day of the week and at the end of the week it stood at BDT 2,475.67 billion.
During the week, banks and telecommunications sectors continued to perform weakly and lost 1.24 percent and 2.24 percent respectively.
Fuel and power sector gained 6.37 percent and was one of the major market drivers in the week. The sector's contribution to the total equity market was about 15 percent and one-fourth of the total turnover value came from the sector in the week.
Among other big sectors, non-banking financial institutions (NBFIs) and pharmaceuticals gained 7.76 per cent and 1.89 per cent respectively. IT gained the most 29.91 per cent as Aamra Technologies topped the gainers chart with 47.8 per cent gain in the week.
Textile sector advanced 18.05 percent with seven textile companies featuring in the top 10 gainers list.
Titas Gas topped the week's turnover chart with shares worth BDT 3.41 billion changed hands during the week, followed by BSCCL, Unique Hotel, United Airways, Jamuna Oil, Meghna Petroleum, RN Spinning, MI Cement, Saiham Cotton Mills and Keya Cosmetics.
Newly listed Aamra Technologies was the week's highest gainer posting a rise of 47.84 per cent, followed by Malek Spinning, Delta Spinners, Tallu Spinning, NLI First Mutual Fund, Saiham Textile, Metro Spinning, Sonargaon Textile, Saiham Cotton Mills and GBB Power.
The week's worst losers included Progressive Life Insurance, Padma Islami Life Insurance, Grameen Mutual One, National Tea, LR Global Mutual Fund One, NCC Bank, Samata Lather Complex, Glaxo SmithKline, Pragati Life Insurance and First ICB Mutual Fund.
BBN/SSR/AD-15Sept12-3:57 pm (BST)
