Country’s prime bourse Dhaka Stock Exchange (DSE) closed marginally higher yesterday after the three days of downward, as some investors took position on lucrative stocks.Dhaka stocks recover marginally after three sessions
STAFF REPORTER
Countrys prime bourse Dhaka Stock Exchange (DSE) closed marginally higher yesterday after the three days of downward, as some investors took position on lucrative stocks.
After witnessing volatile trading almost throughout the session, DSE prime index --DSEX finished at 4,409.08, advancing 3.68 points or 0.08 per cent.
The DS30 index, comprising blue chips, advanced 2.0 points or 0.12 per cent to end at 1,738.52. However, the DSE Shariah Index (DSES) saw a fractional loss of 0.47 point or 0.04 per cent to settle at 1,084.71.
Trading activities also rose slightly and the total turnover on the DSE amounted to Tk 3.88 billion, which was 6.60 per cent higher than the previous sessions Tk 3.64 billion.
Turnover mostly concentrated on engineering sector that captured 23 per cent of the days total turnover, followed by pharmaceuticals 18 per cent and fuel and power 14 per cent.
Equities moved higher in early trading, but retreated later in the session. At the end of trading, the benchmark index was ahead just 3.68 points, said LankaBangla Securities.
Seems like, market is consolidating at 4,400 level amid light trading as investor remained watchful about economic outlook, said the stockbroker.
Merchant bank IDLC Investments said, Broad index DSEX passed another session sticking to 4,400 points level, as investors pursued scrip level movements.
The merchant bank noted that stocks with large-cap were mainly flat to mildly negative, while smaller-cap classes generated some positive return.
Asian Tiger Capital Partners, an asset management company, said, The market continued its consolidation mode breaking three days negative trend amid slightly higher investors participation.
The large-cap sectors showed mixed performances. Banks was the highest gainer, posting a gain of non-bank financial institutions 0.27 per cent, telecommunication 0.06 per cent and engineering 0.03 per cent.
Fuel and power posted the highest loss of 0.83 per cent, followed by pharmaceuticals 0.19 per cent, food allied 0.03 per cent.
The losers took a modest lead over the gainers as out of 319 issues traded, 141 closed lower, 109 higher and 69 remained unchanged on the DSE trading floor.
ACME Laboratories continued to dominate the turnover chart for the sixth trading sessions since its debut on June 7, with shares worth Tk 212 million changing hands, followed by Aman Feed, Quasem Drycells, Lafarge Surma Cement and Olympic Accessories.
Quasem Drycells was the days best performer, posting a rise of 9.97 per cent, while Progressive Life Insurance was the worst loser, plunging 5.95 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed slightly higher with its Selective Categories Index- CSCX- gaining 2.21 points to finish at 8,249.08 points.
