Stocks return to black after 3-day losing streak
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Country’s premier bourse, Dhaka Stock Exchange (DSE) yesterday bounced back to the black as the opportunist investors took position in sector specific shares based on the ongoing quarter-end earnings and year-end dividend declarations.
The positive vibe was observed from the beginning of the session and the trend continued till the end.
Buoyancy in textile, engineering, financial institutions, pharma and food sectors helped the benchmark index to close in green.
The broad index, DSEX closed at 4683.20 points with a gain of 12.45 points or 0.26 per cent.
However, total turnover remained almost same over the last session as the investors adopted “wait and see” stance. The textile sector dominated the turnover board and grabbed 15.3 per cent of the day’s turnover where Stylecraft
topped the list with 7.7 per cent contribution.
Besides, the two selective indices, DSE30 declined by 4.02 points while the Shariah index, DSES increased by 4.68 points to settle at 1631.47 points and 1072.13 points respectively.
On the DSE trading floor, a total number of 120,942 trades were executed in yesterday’s trading session with a trading volume of 111.43 million securities.
Gainers took a strong lead over the losers as out of 352 issues traded, 204 securities gained price while 105 declined and 43 remained unchanged.
Most of the sectors witnessed better performance yesterday. Among the sectors based on market capitalization- textile(2.5 per cent), financial institution(0.5 per cent), engineering(2.4 per cent), pharma (0.3 per cent) and food (0.6 per cent) sectors achieved price appreciation while telecom(-0.7 per cent), bank(-0.6 per cent) and fuel & power(-0.3 per cent) sectors witnessed correction, according to a market
operator, International Leasing Securities. It added the investors’ activity was mostly pinned upon textile (15.3 per cent), pharma (15.0 per cent) and engineering (14.3 per cent) sectors
The top 10 gainers were Stylecraft, Aamara Net, National Tubes, Yeakin Polymer, Zaheen Spinning, Shurwid Industries, Mozaffar Hossain Spinning, Family Tex, Global Heavy and Pharma Aid.
Stylecraft topped the turnover chart followed by National Tubes, Standard Ceramics, Monno Stafflers, Sonarbangla Insurance, Monno Ceramics, JMI Syringe, Wata Chemical, Northern Jute and Premier Bank.
The top 10 losers were BD Finance, Fareast Finance, Dulamia Cotton, EBL NRB Mutual Fund, Pragati Insurance, Beximco Synthetics, First Prime Finance Mutual Fund, Union Capital, Monno Ceramics and Agrani Insurance.
On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also returned to green overcoming the bearish streak of previous day.
CSCX and CASPI went up by 54.79 points and 92.24 points to stand at 8681.90 points and 14276.72 points respectively.
At CSE, a total of 17,772,510 shares and mutual fund of 243 companies were traded, of which 158 issues advanced while 59 declined and 26 issues remained unchanged.
Source: http://www.theindependentbd.com
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