Stocks end week in upbeat
Published : Thursday, 1 October, 2020 at 10:22 PM Count : 191
Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) finished week bouncing back to winning streak buoyed by participation of enthusiastic investors in trade.
DSE rebounded to green profoundly after two sessions of profit booking sell-pressure amidst enthusiastic participation from the investors.
The bargain hunters revealed their buying interest from the opening of the session which continued till the closure although observed some liquidation in the first half of the session.
The opportunist investors’ buoyancy in engineering, mutual fund, fuel and power, financial institutions and bank sectors helped the benchmark index to close in green.
The broad index, DSEX settled at 4995.31 points on Thursday, last working day of week, with a gain of 32.02 points or 0.64 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 14.71 points and 6.23 points to settle at 1710.71 points and 1126.61 points respectively.
On the DSE trading floor, a total number of 170,075 trades were executed in today’s trading session with a trading volume of 376.62 million securities.
However, the cautious investors reshuffled their portfolios in insurance sector stocks.
Turnover has plunged by 4.5 percent over last session as some of the investors preferred to observe the market movement.
DSE’s turnover, a crucial indicator of the market, stood at Taka 8.73 billion from Taka 9.14 billion in the previous session.
Gainers took lead over losers as out of 355 issues traded, 194 securities gained price while 106 declined and 55 remained unchanged.
The market-cap of DSE increased to Taka 4,033 billion which was Taka 3,996 billion in the previous session.
The general insurance sector continued to dominate the turnover board with 22 percent of total turnover. Top gainer lists comprised mutual fund units while top loser list included general insurance stocks, according to a market analyst, International Leasing Securities Limited (ILSL).
It said major sector witnessed better performance today. Among the major sectors based on market capitalization – engineering (4.9%), mutual fund (3.6%), and fuel and power (1.2%) sectors achieved price appreciation while general insurance (-1.6%) and life insurance (-1.6%) sectors witnessed price correction in the day’s session.
The investors’ activity was mostly centered on general insurance (21.8%), pharma (13.8%) and mutual fund (10.9%) sectors while Beximco Pharma (7.9%), Beximco (4.9%) and PTL (3.5%) led the scrip wise turnover board today, added ILSL.
The top 10 gainers were SEML LEC Mutual Fund, G Q Ball Pen, Khan Brothers PP, Union Capital, CAPM IBBL Mutual Fund, Continental Insurance, PHP Mutual Fund-1, EBL NRB Mutual Fund, Yeakin Polymer and EBL First Mutual Fund.
Beximco Pharma topped the turnover chart followed by Beximco Limited, Paramount Textile, Brac Bank, Continental Insurance, BD Finance, Sandhani Life Insurance, Lankabangla Finance, Nitol Insurance and Republic Insurance.
The top ten losers were Janata Insurance, Asia Pacific Insurance, BGIC, Meghna Life Insurance, Eastland Insurance, Northern Insurance, Sandhani Life Insurance, Takkaful Insurance, Beach Hatchery and Pioneer Insurance.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also ended week in green overcoming the bearish streak of previous sessions.
Selective categories index, CSCX and all shares price index, CASPI increased by 68.03 points and 120.28 points to stand at 8575.48 points and 14287.51 points respectively.
At CSE, a total of 19,568,287 share and mutual funds of 270 companies were traded, of which 166 issues advanced while 64 declined and 40 issues remained unchanged.