BSS-22 Bourses extend winning streak

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Bourses extend winning streak

DHAKA, Oct 24, 2019 (BSS) – Country’s premier bourse, Dhaka Stock Exchange (DSE), witnessed another bullish session today as the bargain hunters showed their buying appetite on lucrative price level.

The opportunist investors took position in the large-cap stocks, especially telecom, financial institution, fuel and power, bank and pharma sectors which helped the benchmark index to add 45.4 points over the last session.

The broad index, DSEX continued to climb up and closed at 4772.00 points on Thursday with a gain of 45.38 points or 0.96 percent.

Besides, the two selective indices, DSE30 went up by 15.75 points while the Shariah index, DSES increased by 11.59 points to stand at 1675.09 points and 1096.38 points respectively.

Investors’ participation has increased by 18.9 percent over the previous session. The Turnover, another important indicator of the market, also rose to Taka 3.22 billion from the previous day’s turnover of Taka 2.71 billion.

On the DSE trading floor, a total number of 106,108 trades were executed in today’s trading session with a trading volume of 104.75 million securities.

Gainers took a strong lead over the losers as out of 354 issues traded, 223 securities gained price while 85 declined and 46 remained unchanged.

Most of the sectors witnessed better performance today. Among the major sectors based on market capitalization – telecom (1.6%), financial institution (3.7%), fuel and power (2.2%), bank (0.2%) and pharma (0.6%) sectors achieved price appreciation while especially in jute (-5.2%) and cement (-0.6%) sectors witnessed correction in the day’s session, according to a market operator, International Leasing Securities.

It said investors’ activity was mostly pinned upon the engineering (14.7%), bank (13.2%) and fuel and power (11.1%) sectors.

IDLC (3.9%), Grameenphone (3.4%) and Jamuna Bank (3.4%) led the scrip-wise turnover board today.

The top 10 gainers were Al-haj Tex, CAPM BDBL Mutual Fund, Esquire Knit, Peninsula Chittagong, Coppertech, Runner Auto, Ambee Pharma, Kattali Tex, Anlimayarn Dying and Aman Cotton.

National Tubes topped the turnover chart followed by Grameenphone, United Power, KPCL, Jamuna Bank, Monno Stafflers, BBS Cables, Silco Pharma, Sonarbangla Insurance and Premier Bank.

The top 10 losers were Monno Stafflers, Heidelberg Cement, Tung Hai, Northern, Safko Spinning, United Air, Golden Harvest, VAML BD Mutual Fund 1, Khan Brothers PP and Shyampur Sugar Mills.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE), also continued towards upbeat maintaining the winning trend of previous day.

Both the indexes, CSCX and CASPI increased by 85.45 points and 146.79 points to stand at 8832.51 points and 14530.91 points respectively.

At CSE, a total of 6,133,827 shares and mutual fund of 240 companies were traded, of which 164 issues advanced while 53 declined and 23 issues remained unchanged.

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