DSE bounces back

DHAKA Country's premier bourse, Dhaka Stock Exchange (DSE) today bounced back amid choppy trading after witnessing profit booking sale in the last two sessions.

The shaky investors were busy to bag quick gain on financial institutions, food, telecom and fuel and power sector stocks during the session.

In addition, the opportunist investors' active presence in the final half an hour helped the index to close in marginally positive note.

The broad index, DSEX closed at 4702.98 points on Wednesday with a gain of 5.63 points or 0.11 percent.

Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah index, DSES also went up marginally by 0.38 points and 0.70 points to settle at 1617.62 points and 1061.40 points respectively.

Investors' attention was mostly on textile, bank and pharma sectors. The investors' participation has increased by 12 percent over last session as the investors took position on lucrative price levels in anticipation of better return.

The general insurance sector dominated the turnover board and grabbed 24 percent of the day's turnover where Sonarbangla Insurance topped the turnover list with 4.2 percent contribution.

On the DSE trading floor, a total of 137,149 trades were executed in today's trading session with a trading volume of 193.37 million securities.

Gainers took a strong lead over the losers as out of 352 issues traded, 167 securities gained price while 134 declined and 51 remained unchanged.

Most of the sectors witnessed better performance today. Among the major sectors based on market capitalization textile (1.7%), bank (0.3%), pharma (0.3%) and engineering (0.1%) sectors achieved price appreciation while financial institutions (- 1.0%), food (-0.8%), telecom (-0.2%) and fuel and power (-0.1%) sectors witnessed correction, according to market operator, International Leasing Securities.

The investors' activity was mostly centered on general insurance (24.0%), textile (13.5%) and bank (11.0%) sectors.

The top 10 gainers were New Line Clothing, Bangladesh National Insurance, Mozaffar Hossain Spinning Mill, Saiham Cotton, MBL First Mutual Fund, Regent Textile, Hakkani Pulp, Dorin Power, Sinobangla Industries and Hamid Fabrics.

Sonarbangla Insurance topped the turnover chart followed by Sinobangla Insurance, SK Trims, Paramount Insurance, LafargeHolcim Bangladesh, Dorin Power, Bangladesh National Insurance, Northern General Insurance, United Finance and Saiham Cotton.

The top 10 losers were ACI Limited, Meghna Petroleum, Mithun Knitting, United Air, Mercantile Insurance, Imam Button, Libra Infusion, First Finance, Bangos and GBB Power.

On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) closed at red maintaining trend of the previous day.

CSCX and CASPI declined by 8.75 points and 10.90 points to stand at 8676.91 points and 14294.40 points respectively.

At CSE, a total of 12,388,803 shares and mutual fund of 256 companies were traded, of which 115 issues advanced while 103 declined and 38 issues remained unchanged.

Source: Bangladesh Sangbad Sangstha (BSS)