DSE recorded slight gain this week

DSE recorded slight gain this week

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Broad index at the country’s premier bourse — Dhaka Stock Exchange (DSE) — ended the week with slight gain as the investors are still maintaining cautious behaviour.
The daily average turnover at the DSE was Tk 563.93 crore, a fall by 9.04 percent while last week’s average turnover was Tk 619.97 crore.
The DSE benchmark index, DSEX, closed the week at 4840.16 points, 31.29 points or 0.65 percent high than the previous week. DSEX closed the previous week at 4808.87 points, losing 55.58 points or 1.14 percent.
Meanwhile, the blue chip index at the DSE, DS30 lost 8.45 points or 0.45 percent to close at 1850.95 points on the previous week.LankaBangla Securities, a leading stockbroker of the Bangladesh, said, “Market closed the week in green zone with mild gain. Benchmark index was up by 31.29 points this week.”
The leading stockbroker also said, “However, investors continued their cautious trading behaviour while average daily turnover was 9 percent down this week compared to previous week
The merchant bank said, “Pharma and Engineering stocks were the market movers this week with turnover contribution of 16 percent and 18 percent respectively of the total market turnover.”
Referring Bangladesh Bank, they said, “Among the major economic updates, Bangladesh’s foreign currency reserves continue to scale new heights, crossing the $26 billion-mark for the first time yesterday. The reserve of $26.03 billion, up 17.8 percent year-on-year, is enough to meet the country’s import bills for more than seven months.”
Of the 324 issues traded at the DSE on last week, 133 gained, 171 suffered loss and 20 remained unchanged.
The losing sectors at the DSE were Mutual Fund losing 3.40 percent, Cement 3.24 percent and Miscellaneous 1.59 percent.
The major gaining sectors of the week were NBFI gaining 5.18 percent, Bank 3.15 percent, and Tannery 2.84 percent.
Top 10 losers at the DSE on the last week were EBL NRB Mutual Fund losing 12.50 percent, followed by Trust Bank 1st Mutual Fund 12.50 percent, EBL First Mutual Fund 9.26 percent, Familytex 8.50 percent, Navana CNG 8.36 percent, Zeal Bangla Sugar Mills 8.22 percent, LR Global Bangladesh Mutual Fund One 8.16 percent, PHP First Mutual Fund 8.16 percent, 7th ICB Mutual Fund 8.15 percent, and AIBL 1st Islamic Mutual Fund 8.00 percent.
Square Pharma dominated the week’s top turnover chart with shares worth Tk 120.56 crore, followed by Islami Bank Tk 108.09 crore, Shahjibazar Power Tk 96.68 crore, Ratanpur Steel Re-Rolling Mills Tk 89.99 crore and Lafarge Surma Cement with shares worth Tk 82.37 crore.
The week’s top five gainers were Apex Foods with a gain of 28.84 percent, followed by Northern Jute Manufacturing 27.08 percent, Apex Tannery 20.42 percent, Monno Ceramic 19.10 percent, and IFIC Bank 18.63 percent.- UNB

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