Broad index at the country’s premier bourse, Dhaka Stock Exchange (DSE), ended the week positively with bullish average turnover due to the investors’ higher participation. The daily average turnover at the DSE was Tk 827.49 crore, a rise by 22.29 per cent or Tk 150.82 crore while last week’s average turnover was Tk 676.67 crore, reports UNB. The DSE benchmark index, DSEX, closed the week at 4864.45 points, 72.14 points or 1.51 per cent higher than the previous week. DSEX closed the previous week at 4792.31 points, losing 16.09 points or 0.33 per cent. The DSEX Shariah Index, DSES, closed the week at 1197.08 points gaining 7.22 points or 0.61 per cent. Another index of DSE, DS30 gained 2.92 points or 0.16 per cent to close at 1886.83 points on the previous week.
“Market ended the week in green zone with higher participation among investors. However, as market turnover reached above Tk 900 crore mark in third and fourth day of this week, investors got a bit conscious,” said LankaBangla Securities analysing the last week’s market pulse.
The leading stockbroker also said: “The last trading day of this week was red, indicating cautiousness among investors. Turnover was also lower than previous two days. In the last trading day of this week, market turnover was Tk 688.54 crore.”
“However, average daily turnover was 22.3 per cent higher compared to previous week as banking stocks were up by 5.3 per cent this week.  This was drive by heavyweight Islami Bank which provided 26.5 per cent return this week,” the stockbroker also added.
“On the economic front, inflation went up 11 basis points to 6.36 per cent in July, compared to the previous month, on the back of a non-food price increase. The figure was announced less than a week after Bangladesh Bank admitted it would face challenges in bringing down inflation to 6.2 per cent, the government’s target for the current fiscal year,” the analysis also informed.
Of the 325 issues traded at the DSE on last week, 212 gained, 95 suffered loss and 18 remained unchanged. The major gaining sectors of the week were Miscellaneous gaining 11.41 per cent, Bank 5.34 per cent and Engineering 4.02 per cent.
The losing sectors at the DSE were Ceramic losing 4.09 per cent, Telecommunication 1.91 per cent and Cement 1.29.
Top 10 gainers of the week were Gemini Sea Food gaining 37.21 per cent followed by Islami Bank 26.48 per cent, Beach Hatchery 25.97 per cent, 1st ICB Mutual Fund 21.25 per cent, Libra Infusions 20.53 per cent, Berger Paints 19.90 per cent, Anwar Galvanizing 19.72 per cent, BD Welding Electrodes 19.27 per cent, Al-Haj Textile 18.20 per cent and Premier Cement Mills 18.08 per cent.
United Power Generation & Distribution dominated the week’s top turnover chart with shares worth Tk 188.72 crore, followed by Lafarge Surma Cement Tk 127.95 crore, Islami Bank Tk 110.46 crore, Square Pharma Tk 100.32 crore and United Airways with shares worth Tk 98.77 crore.
The week’s top five losers at the DSE were Meghna Life Insurance with a down by 14.75 per cent, followed by EXIM Bank 1st Mutual Fund 10.77 per cent, ICB AMCL 2nd NRB Mutual Fund 10.11 per cent, Information Services Network 10.00 per cent, and Peoples Leasing & Fin Services 9.47 per cent.