Bourses extend upward vibe for five straight sessions

DHAKA Country's premier bourse, Dhaka Stock Exchange (DSE), today observed a superb session and remained in green over the last five consecutive sessions.

The enthusiastic investors were active on the bank and financial institution sectors' stocks due to the lucrative price levels.

Apart from these two sectors, food, textile and miscellaneous sectors also witnessed buying spree which helped the benchmark index to close 27.4 points higher, according to analysts.

The broad index, DSEX closed at 4758.81 points on Sunday with a gain of 27.37 points or 0.57 percent.

On the other hand, some investors reshuffled their holdings from telecom, fuel and power, engineering and pharma sectors stocks amid price surges over the last few sessions.

The investors' participation has increased by 21.3% over the last session as the investors took position on lucrative price levels in anticipation of better return. The bank sector stocks grabbed 16.3% of the day's total turnover.

However, the two selective indices, Blue Chip index, DSE30 and the Shariah index, DSES went down marginally by 2.87 points and 4.53 points to settle at 1644.83 points and 1077.63 points respectively.

On the DSE trading floor, a total number of 144,316 trades were executed in today's trading session with a trading volume of 242.70 million securities.

Gainers took a strong lead over the losers as out of 353 issues traded, 166 securities gained price while 150 declined and 37 remained unchanged.

The major sectors witnessed mixed performance today. Among the major sectors based on market capitalization � bank (2.3%), financial institutions (1.7%), food (0.9%) and textile (0.7%) sectors achieved price appreciation while telecom (-2.1%), fuel and power (- 1.0%) and engineering (-0.3%) sectors witnessed price correction, according to market operator, International Leasing Securities.

It said investors' activity was mostly centered on bank (16.3%), financial institutions (11.6%) and textile (10.9%) sectors.

The top 10 gainers were Premier Leasing, Zaheen Spinning, BD Finance, Paramount Insurance, First Prime Finance Mutual Fund, Unicap, Apollo Ishpat, FAS Finance, International Leasing and Family Textile.

LafargeHolcim Bangladesh topped the turnover chart followed by Fortune Shoes, United Finance, Paramount Insurance, Lankabangla Finance, Dutch-Bangla Bank, Shurwid Industries, Beacon Pharma, Premier Bank and Beximco Limited.

The top 10 losers were Stylecraft, Active Fine, Bangos, Queen South Textile Mills, Orion Pharma, Standard Ceramic, Hamid Fabrics, BD Octopus, Sonargoan Textile and AFC Agro.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also closed at green maintaining the winning streak of the previous day.

CSCX and CASPI went up by 38.73 points and 68.25 points to stand at 8782.10 points and 14460.69 points respectively.

At CSE, a total of 14,131,372 shares and mutual fund of 248 companies were traded, of which 129 issues advanced while 98 declined and 21 issues remained unchanged.

Source: Bangladesh Sangbad Sangstha (BSS)