POST TIME: 21 October, 2019 00:00 00 AM
Stocks return to positive
BSS, Dhaka

Stocks return to positive

Country’s premier bourse, Dhaka Stock Exchange (DSE), returned to the green as the bargain hunters showed their buying appetite on the sector-specific shares in the first day of the week.

The opportunist investors displayed their buying interest on fuel and power, food, bank, telecom and pharma sectors which helped the main index to settle at 11 points higher.

The broad index, DSEX closed in green at 4782.09 points on Sunday with a gain of 11.09 points or 0.23 per cent.

Besides, the two selective indices, DSE30 also went up by 6.93 points while the Shariah index, DSES increased by 5.17 points to stand at 1685.95 points and 1099.02 points respectively.

On the DSE trading floor, a total number of 99,538 trades were executed in today’s trading session with a trading volume of 104.73 million securities.

Total turnover remained almost flat over the last session as the investors adopted “wait and see” stance.

The general insurance sector dominated the turnover board and grabbed 22.1 per cent of the day’s turnover. Top gainer and loser lists were dominated by the small cap stocks. Losers took a strong lead over the gainers as out of 352 issues traded, 129 securities gained price while 180 declined and 43 remained unchanged.

The major sectors witnessed mixed performance today. Among the major sectors based on market capitalization – fuel and power (1.4 per cent), food (2.3 per cent), bank (0.4 per cent), telecom (0.2 per cent) and pharma (0.4 per cent) sectors achieved price appreciation while miscellaneous (-1.6 per cent), financial institutions (-0.3 per cent) and general insurance (-0.4 per cent) sectors witnessed price correction in the day’s session. The investors’ activity was mostly centered on general insurance (22.1 per cent), engineering (14.8 per cent) and pharma (9.8 per cent) sectors, according to International Leasing Securities.

The top 10 gainers were Malek Spinning, Agrani Insurance, Far East Dying, ICB Employee Provided Mutual Fund 1 Scheme 1, Silco Pharma, IFIL ISL Mutual Fund 1, SS Steel, ML Dying, Wata Chemical and Vanguard AML BD Finance.

National Tubes topped the turnover chart followed by Standard Ceramics, Monno Stafflers, Paramount, Summit Power, Sonarbangla Insurance, Agrani Insurance, Silco Pharma, Continental Insurance and United Power.

The top 10 losers were Al-haj Tex, Summit Power, Generation Next Fashion, CAPM BDBL Mutual Fund, Stylecraft, RN Spinning, Nahee Aluminum, Khan Brothers PP Woven, Monno Stafflers and Coppertech.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also registered an upbeat overcoming the sluggish trend of previous day. CSCX and CASPI increased by 23.56 points and 34.90 points to stand at 8840.47 points and 14542.59 points respectively.

At CSE, a total of 42,628,931 shares and mutual fund of 248 companies were traded, of which 104 issues advanced while 115 declined and 29 issues remained unchanged.