Stocks continue upward trend

Country’s both the bourses ended yesterday with winning sessions amidst positive expectation from the opportunistic investors.

The capital bourse, Dhaka Stock Exchange (DSE) started with positive note which continued till the closure of the session. The investors regained confidence and rebalanced their portfolio ahead of quarterly earning declarations.

The investors focused mainly on large-cap stocks yesterday and were also considering June-end dividend declaration as well.

According to a market operator, EBL Securities, investors’ exerted buying pressure on sector specific stocks especially from telecommunication, engineering and cement sectors.

The market participation also increased notably on day-to-day basis as depicted by 50 per cent surge in the market turnover and stood at Tk 4.9 billion by the end of the session.

The core index, DSEX closed at 5,227.3 points with a gain of 10.72 points. Besides, the two selective indices – DS30 and DSES – were also up at 1,847.26 by 5.46 points and 1,202.51 by 4.96 points respectively.

At DSE, a total of 12.85 crore shares and mutual funds of 352 companies were traded of which 152 issues advanced while 152 issues declined and 48 issues remained unchanged.

Sector wise performance exposed that telecommunication (4.8 per cent), cement (1.9 per cent) and jute (1.4 per cent) sector experienced highest price appreciation while mutual fund (-2.3 per cent), it (-0.8 per cent) and fuel and power (-0.6 per cent) sector experienced highest price correction.

 

Stocks continue upward trend

Countrys both the bourses ended yesterday with winning sessions amidst positive expectation from the opportunistic investors. The capital bourse, Dhaka Stock Exchange (DSE) started with positive note which continued till the closure of the session. The investors regained confidence and rebalanced their portfolio ahead of quarterly earning declarations. The investors focused mainly on large-cap stocks yesterday and were also considering June-end dividend declaration as well. According to a market operator, EBL Securities, investors exerted buying pressure on sector specific stocks especially from telecommunication, engineering and cement sectors. The market participation also increased notably on day-to-day basis as depicted by 50 per cent surge in the market turnover and stood at Tk 4.9 billion by the end of the session. The core index, DSEX closed at 5,227.3 points with a gain of 10.72 points. Besides, the two selective indices DS30 and DSES were also up at 1,847.26 by 5.46 points and 1,202.51 by 4.96 points respectively. At DSE, a total of 12.85 crore shares and mutual funds of 352 companies were traded of which 152 issues advanced while 152 issues declined and 48 issues remained unchanged. Sector wise performance exposed that telecommunication (4.8 per cent), cement (1.9 per cent) and jute (1.4 per cent) sector experienced highest price appreciation while mutual fund (-2.3 per cent), it (-0.8 per cent) and fuel and power (-0.6 per cent) sector experienced highest price correction.