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Stock markets experienced a lackluster trading session on Thursday with the benchmark DSEX index edging the session higher.
Worries about the macroeconomic indicators continued to keep market participants on the sidelines and absence of positive triggers also dented investors’ interest further and they resorted to cautious trading, dealers say.
Earlier, trading kicked off with a spike, however, somber mood erased the gains and pushed the DSEX into negative territory in fag end of the session. Yet, the index managed to stay slightly higher.
At close, the DSEX gained marginally 9 points or 0.15 per cent to close at 6,327.
Among other indices, the Shariah-based DSES index rose 1.45 points or 0.10 per cent to settle at 1,382 but the blue-chip comprising the DS30 index edged 4.46 points or 0.20 per cent upper at 2,298.
Turnover, the crucial indicator of the market, dropped further and amounted to Tk 683 crore, which was 1.58 per cent lower than the previous day’s tally of Tk 694 crore.
“Indices in the Dhaka bourse settled in a green trajectory as buyers took advantage of sector-specific low-priced stocks to avail of tax benefits ahead the end of FY 2022,” said EBL Securities in a note.
“Despite the market managing to settle in the green zone, volatility on the trading floor prevails as investors’ concerns loomed around rising Covid infections and weak macroeconomic cues in the country,” said the note.
Out of the 386 issues traded, 145 advanced, 162 declined, and 79 remained unchanged.
On the sectoral front, engineering (12.3 per cent) issues exerted the highest turnover followed by miscellaneous (11.9 per cent) and pharma (11.1 per cent) stocks.
Most of the sectors displayed mixed returns, out of which Miscellaneous (1.3 per cent), Life Insurance (1.2 per cent) and Fuel & Power (0.9 per cent) generated some positive returns while Paper (-0.7 per cent), General Insurance (-0.6 per cent), and Services (-0.4 per cent) exerted the most negative returns on Wednesday.
The turnover chart was topped by Beximco was the most-traded stock with shares worth Tk 39 crore changing hands, closely followed by Shinepukur Ceramics Tk 33 crore, Fortune Shoes Tk 22 crore, Titas Gas Tk 21 crore, IPDC Finance Tk 19 crore, JMI Hospital Requisite Manufacturing Tk 19.4 crore and Power Grid Company of Bangladesh Tk 16 crore.
Newly listed Meghna Insurance was the top gainer, posting a 9.96 per cent gain while Apex Tannery was the day’s worst loser, losing 1.99 per cent.
The Chittagong Stock Exchange (CSE) also edged up for the second straight day with the CSE All-Share Price Index – CASPI –gaining 16 points to settle at 18,618 and the Selective Categories Index – CSCX –rising 9.52 points to close at 11,161.
Of the issues traded, 131 declined, 114 advanced and 42 issues remained unchanged on the CSE.
The port city’s turnover value was worth over Tk 23 crore.
