Stocks extend upbeat
Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) continued winning streak as optimistic investors maintained their buying appetite.
DSE extended gaining streak for the fourth consecutive session as enthusiastic investors continued their buoyancy on sector specific issues, especially low-cap stocks.
Following the previous session, the market made a flying start, but risk-averse investors went for profit booking sell offs in the final hour which has eroded the early gain.
The investors took position on small cap sectors like services and real estate, paper and printing, cement, ceramic, financial institution and life insurance sector stocks that pulled DSEX to remain in green.
The broad index, DSEX settled at 4917.25 points on Tuesday with a gain of 15.09 points or 0.30 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 4.11 points and 4.5 points to settle at 1694.39 points and 1119.09 points respectively.
Trading activities has increased by 16.7 percent over last session as the investors were taking positions while some others were rebalancing their portfolios based on the latest financial disclosures.
On the DSE trading floor, a total number of 187,143 trades were executed in today’s trading session with a trading volume of 324.13 million securities.
DSE’s turnover, a crucial indicator of the market, stood at Taka 9.15 billion from Taka 7.84 billion in the previous session.
Gainers took lead over losers as out of 355 issues traded, 160 securities gained price while 139 declined and 56 remained unchanged.
The market-cap of DSE decreased to Taka 3,981 billion from Taka 3,986 billion of the previous session.
Major sector witnessed better performance today. Among the sectors – services and real estate (2.9%), cement (1.8%) and financial institution (0.9%) sectors achieved price appreciation while mutual fund (-2.8%), telecom (-1.3%) and food (-0.9%) sectors witnessed price correction, according to a market analyst, International Leasing Securities Limited (ILSL).
It said investors’ activity was mostly centered on general insurance (38.6%), pharma (9.6%) and engineering (9.3%) sectors while Brac Bank (4.1%), Continental Insurance (4.0%) and Beximco Pharma (4.0%) led the scrip wise turnover board.
Continental Insurance topped the turnover chart followed by Beximco Pharma, Brac Bank, Rupali Insurance, Peoples Insurance, Republic Insurance, Beximco Limited, SS Steel, BSCCL and Sonar Bangla Insurance.
The top 10 gainers were – BD Lamps, Peninsula Insurance, Provati Insurance, Active Fine, Apolo Ishpat, National Feed Mill, Beacon Pharma, Khan Brothers PP, Peoples Insurance and Fu-Wang Food.
The top ten losers were – Continental Insurance, SEML Lecture Equity Management Fund, Emerald Oil, Asian Tiger Sandhani Life Growth Fund, CAPM IBBL Islami Mutual Fund, Paramount Insurance, Northern Islami Insurance, Bangladesh General Insurance, Green Delta Mutual Fund and Van Guard AML Rupali Bank Balanced Fund.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also extended its winning streak continuing the trend of the previous session.
Selective categories index, CSCX and all shares price index, CASPI increased by 16.32 points and 29.89 points to stand at 8451.71 points and 14061.16 points respectively.
At CSE, a total of 11,425,894 share and mutual funds of 268 companies were traded, of which 133 issues advanced while 92 declined and 43 issues remained unchanged.