Home ›› 09 Feb 2023 ›› Stock
The capital bourse – Dhaka Stock Exchange (DSE) – registered a marginal recovery for the second day in a row on Wednesday as investors’ optimism with regard to market buoyancy grew exponentially over days.
The buoyant investors continued pouring funds in selective securities in response to their favorable earnings disclosures recorded in the latest quarter.
The DSEX, the benchmark index of the DSE, the prime bourse, surged 10.3 points to settle at 6,296 against 6,285 in the previous trading session. Among other indices, the DS30, the blue-chip index, rose 6.88 points or 0.30 per cent to 2,241, and the DSES, the Shariah-based index, gained 5.10 points or 0.37 per cent to 1,374.
The Dhaka bourse witnessed a surge in participation, with the DSE turnover rising by 35.3 per cent to Tk 748 crore against the tally of Tk 553 crore in the previous session.
Meanwhile, block trades contributed 9.5 per cent of the overall market turnover yesterday.
The upbeat momentum in the market sustained for the entire session as the buying dominance prevailed across the bourse, driven by the recent earnings surprises of some sector-specific issues.
Majority of securities, however, extended their corrections e owing to the continual portfolio rebalancing of cautious investors as a result of their dismal financial performance in consecutive quarters.
The pharma sector topped the turnover chart with a contribution of 16.3 per cent to the total turnover of the DSE, followed by the IT (14.3 per cent) and the miscellaneous (9.9 per cent) stocks.
Bangladesh Shipping Corporation was the most traded share with Tk 70 crore worth of shares changing hands.
Large-cap sectors posted mixed performance today, with the pharmaceutical booking the highest gain of 0.33 per cent, followed by food & allied (0.18 per cent), bank (0.14 per cent), and engineering (0.01 per cent).
On the other hand, the NBFI experienced the highest loss of 0.08 per cent, followed by fuel & power (0.01 per cent), and telecommunication. Gemini Sea Food Ltd topped the gainers’ list with a return of 8.7 per cent, while Orion Infusion Ltd was the day’s worst sufferer with a loss of 3.8 per cent.
Out of the 391 securities traded, 44 issues advanced, 120 stocks declined, and 227 scrips did not see any price movement on the DSE trading floor.
The port city bourse, CSE, also settled on green terrain with its two major indices – the selected indices (CSCX), and the all-share price index (CASPI) – advancing by 19.2 points and 31.5 points respectively.
