Home ›› 07 Apr 2023 ›› Stock
The benchmark index of the prime bourse Dhaka Stock Exchange (DSE) managed to stay afloat owing to investors’ buying interest in sector-specific issues.
But the profit booking pressures by cautious investors wiped out the early session optimism.
The DSEX, the broad index of the DSE, rose 3.2 points to settle at 6,214 against 6,211 in the previous trading session.
Meanwhile, the premier bourse witnessed an increase in participation, with the DSE turnover rising by 16.1 per cent to Tk 612 crore against Tk 527 crore in the previous session.
Investors were active on both sides of the trading fence, causing the core index to follow a topsy-turvy movement, while sellers ended up in the dominant position due to their cautious selling approach to secure their short-term gains from the continuously volatile market, said EBL Securities, a stockbroker, in its daily market review.
However, price appreciation in some large-cap issues helped the core index to remain afloat by the end of the session, it said.
The IT sector topped the turnover chart with a contribution of 19.8% per cent to the total turnover of the DSE, followed by pharma (10.9 per cent) and food (10.2 per cent) stocks.
Most sectors displayed mixed returns, out of which the paper displayed the best performance with a gain of 2.0 per cent, followed by jute (1.5 per cent) and tannery (1.1 per cent).
On the other hand, the travel sector faced the highest correction of 1.4 per cent, followed by life insurance (1.1 per cent) and IT (0.9 per cent).
Paper Processing & Packaging Limited topped the gainers’ list with a return of 9.9 per cent, while Legacy Footwear Ltd was the day’s worst sufferer with a loss of 6.6 per cent. Out of the the issues traded, 60 advanced, 58 declined and 274 remained unchanged.
The port city bourse, CSE, however, settled on red terrain, with its two major indices – the selected indices (CSCX), and all-share price index (CASPI) – inched down by 2.0 points and 3.5 points respectively.
