The market opened with a positive note and remained green throughout the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 13.21 points or 0.26 per cent to close at 4,944.03 points.
The two others indices also closed in positive. The DS30, comprising blue chips gained 2.66 points or 0.14 per cent to close at 1,822.79 points. The DSE Shariah Index remained almost flat with gaining only 0.15 points or 0.01 per cent to close at 1,152.55 points.
The total turnover on DSE improved to Tk 4.33 billion, registering an increase of 1.73 per cent over the previous session’s value of Tk 4.26 billion.
The investors’ attention was mostly focused on pharma, engineering and banks – the sectors that accounted for 14.07 per cent, 13.63 per cent and 12.39 per cent of the day’s total turnover respectively.
“Stocks from leading sectors including banks and telecommunication appreciated in price as the investors have started to show some confidence in current market scenario,” commented International Leasing Securities in an analysis.
Amid increased investors’ participation, the overall turnover remained above Tk 4.0 billion-mark which provided further optimism amongst the investors, said the International Leasing.
IDLC Investments said: “Facing consistent volatility with investors’ focus on mini and mid-cap stocks, broad market settled in positive territory”.
On macroeconomic front, positive export news and steep rise in industrial term-loans was noteworthy. Despite, the investors were more cautious on fresh fund injection, keeping turnover at Tk 4.3 billion, said the merchant bank.
“Market reverted to green note backed by financial and consumer goods stocks. Financial stocks got a fillip after making correction in last three trading sessions,” said LankaBangla Securities.
In macro data to watch out, the country’s export earnings in the first five months of the current fiscal year 2014-15 fell short of target by US$ 665.44 million or 5.23 per cent, mainly due to either sluggish or negative growth in export of major products, mainly apparel items, said the stock broker.
Among the major sectors, only pharmaceuticals lost 0.79 per cent. All the other major sectors appreciated marginally. Banks and telecommunication – two of the largest cap sectors – went up by 0.88 per cent and 0.74 per cent respectively.
The port city bourse, Chittagong Stock Exchange (CSE) also ended marginally higher with its Selective Categories Index – CSCX – gained 18.44 points to close at 9,292.04 points.
Gainers beat losers 105 to 100, with 17 issues remaining unchanged at the port city bourse that traded 9.64 million shares and mutual fund units, turnover value of Tk 299.31 million.