Dhaka, Bangladesh (BBN)– Bangladesh’s premier bourse on Wednesday continued flat movement for the second consecutive session amid mixed performance showed by the major sectors.
The Dhaka Stock Exchange (DSE) opened the session with a positive mood and the turnover crossed BDT 1.0 billion-mark within the first hour.
“But the velocity of turnover became weaker with the advancement of time, though the market succeed to close in positive zone,” the MTB Capital said in its market commentary.
The company said most of the major sectors performed slightly better except the banks and the cement.
“The last hour buoyancy helped to lift the market above 4,400 point psychological mark. The less participation in turnover showed the slashed activity as the investors adopted wait and see approach,” said another market commentary of the International Leasing Securities.
Among the major sectors, ceramics improved 0.44 per cent, engineering 0.32 per cent, food & allied 0.18 per cent, IT 0.65 per cent, mutual fund 0.12 per cent, miscellaneous 0.54 per cent, paper & printing 1.50 per cent, pharmaceuticals & chemicals 0.29 per cent, fuel & power 0.19 per cent, textiles 0.38 per cent and travel & leisure 0.36 per cent.
Among the declining sectors, banks declined 0.21 per cent, cement 0.77 per cent, insurance 0.24 per cent, NBFI 0.11 per cent, service 0.58 per cent and telecom 0.07 per cent.
The investors’ attention was mainly concentrated on the engineering sector which captured 21.5 per cent of market turnover followed by pharmaceuticals & chemicals 19.2 per cent, fuel & power 11.6 per cent and miscellaneous 10.6 per cent.
ACME Laboratories topped the chart of most traded stocks with a turnover of above BDT 193 million followed by Aman Feed above BDT 185 million, BBS above BDT 169 million, Emerald Oil above BDT 114 million, BSRM Limited above BDT 113 million, Quasem Drycells above BDT 106 million, Lafarge Surma Cement above 102 million and Islami Bank above 86 million.