Dhaka, Bangladesh (BBN)– Investors’ participation increased turnover significantly on the Dhaka Stock Exchange (DSE) on Thursday although the indices declined.
The turnover that came from the block transactions helped the market turnover cross BDT 5.0 billion-mark after 71 trading sessions on the country’s premier bourse.
The turnover of block transactions captured around 28 per cent of the market turnover.
“The premier bourse opened the session on a positive mood and continued in the same mood until the first hour but during midsession sellers intensified their selling bender to put the market to close in red zone,” the MTB Capital said in its market commentary.
At the end of the session, the turnover stood at above BDT 5.30 billion which is 48.35 per cent up than the turnover of the previous session.
The DSE witnessed a turnover of above BDT 5.78 billion on March 2 last.
Of the total turnover, above BDT 1.45 billion came from the block transactions of the shares of 10 companies on the day. The companies are: ACME Laboratories, Apex Footwear, Berger Paints Bangladesh, Bangladesh Submarine Cable Companies, Glaxo SmithKline, Grameenphone, MJL Bangladesh, Olympic Industries, Power Grid and Renata Limited.
“The market started with some buying pressure in the early hour but witnessed negative trend after first hour of trading following profit taking trading which continued rest of the session,” Asian Tiger Capital Partners said in its market commentary.
The pharmaceuticals & chemicals sector was the best gainer followed by paper & printing and tannery sectors, whereas the cement sector was the worst loser followed by travel, cement and IT sectors.
Among the major sectors, banks improved 0.01 per cent, pharmaceuticals & chemicals 0.12 per cent, tannery 0.04 per cent, paper & printing 0.04 per cent and mutual fund 0.02 per cent.
Among the declining sectors, cement declined 1.32 per cent, engineering 0.66 per cent, food & allied 0.28 per cent, insurance 0.22 per cent, IT 1.17 per cent, miscellaneous 0.52 per cent, NBFIs 0.57 per cent, fuel & power 0.39 per cent, service 0.40 per cent, telecom 0.92 per cent and travel 1.54 per cent.
ACME Laboratories topped the chart of most traded stocks with a turnover of above BDT 566 million followed by Bangladesh Building Systems above BDT 145 million, BSRM Limited above BDT 132 million, Doreen Power Generations and Systems BDT 127 million, BRAC Bank above BDT 123 million, Olympic Accessories above BDT 108 million, Shahjibazar Power Company above BDT 107 million and Lafarge Surma Cement above BDT 103 million.