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Sunday, August 23, 2015, Bhadra 8, 1422 BS, Zilqad 7, 1436 Hijr
Weekly Market Review
DSE ends mixed, CSE edges up
Business DeskPublished :Sunday, 23 August, 2015, Time : 12:00 AM View Count : 13
major indices at the Dhaka Stock Exchange (DSE) and the Chittagong
Stock Exchange (CSE) edged up but the two other important indicators at
the former slid in the week that ended on Thursday, as investors were
cautious in transactions, dealers said.
DSEX, the prime index of
the DSE edged up 31.29 points or 0.65 per cent to end the week at
4,840.16. But the DS30 index, comprising blue chips, slid 8.45 points or
0.45 per cent to settle at 1,850.95 and the Shariah Index DSES
declined 0.07 points or 0.01 per cent to finish at 1,191, against the
At the CSE its Selective Categories Index CSCX gaining 27.36 points or 0.30 per cent to close the week at 9,027.44.
the usual five trading first two sessions ended lower on profit booking
by the dominant small investors while the following three ended with
little gains as investors picked up prospective shares.
turnover at the DSE remained small at Tk 28.20 billion against Tk 31
billion in the previous week as investors maintained cautious stance.
The average daily turnover for the week was Tk 5.64 billion, down 9.04
per cent from the previous week's average of Tk 6.20 billion.
pharma and power stocks attracted 18 per cent, 16 per cent and 14 per
cent respectively of the week's total turnover.
"After last week's
consolidation, which was extended for first two sessions, market tried
to turn around riding on some of the investors' expectation that the
consolidation is complete for now," said IDLC Investments, a merchant
bank, in its weekly analysis.
The market observed powerful actions
from both buyers and sellers trying to take lead of the market. On a net
basis, buyers took the baton, said the merchant bank.
Securities, a stockbroker, said, "Market closed the week in green zone
with mild gain as investors continued their cautious trading behavior".
Capital, a merchant bank, said, "The market edged marginally higher as
investors intensified their buying spree in the last three sessions amid
According to Sheltech Brokerage, financial
institutions grabbed the top position as gainers with 5.2 per cent while
cement sector became the highest loser with 3.2 per cent loss.
Industry led the money flow rally with 36.6 per cent gain in turnover
followed by bank sector 47.9 per cent and financial institutions 40.2
per cent, said the Sheltech Brokerage. The large-cap sectors showed
mixed performance. NBFIs went up by a significant 5.18 per cent. Banks
advanced 3.19 per cent followed by pharmaceuticals 0.79 per cent.
sector suffered the most with 3.24 per cent followed by power 1.24 per
cent. Telecommunication closed the week 0.74 per cent lower. Food and
allied lost marginally by 0.19 per cent.
Losers outpaced gainers as
out of 324 issues traded, 171 declined, 133 declined and 20 remained
unchanged on the DSE floor during the week.
The market capitalisation
of the DSE went up slightly by 0.20 per cent as it was Tk 3,366.57
billion on the opening day of the week and it stood at Tk 3,373.20
billion on closing day of the week.
Apex Tannery recommended 45 per
cent cash divided while Trustee Committee of 16 mutual funds declared
dividend for their unit holders last week.
Square Pharma was the
week's top turnover leader with shares worth Tk 1.21 billion changing
hands followed by Islami Bank, Shahjibazar Power, RSRM Steels and
Lafarge Surma Cement.
Apex Foods was the week's best performer,
posting a rise of 28.84 per cent while EBL NRB Mutual Fund was the
week's worst loser, plunging by 12.50 per cent.
Editor : Iqbal Sobhan ChowdhuryPublished by the Editor on behalf of the Observer Ltd. from Globe Printers, 24/A, New Eskaton Road, Ramna, Dhaka. Editorial, News and Commercial Offices : Aziz Bhaban (2nd floor), 93, Motijheel C/A, Dhaka-1000. Phone :9586651-58. Fax: 9586659-60, Advertisemnet: 9513663, E-mail: [email protected], [email protected], [email protected]