DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 18.16 points or 0.38 per cent to close at 4,856.41 points, after losing 106.11 points in the last five consecutive trading sessions.
The two others indices also closed in positive. The DS30, comprising blue chips gained 4.16 points or 0.23 per cent to close at 1,792.86 points. The DSE Shariah Index gained 6.95 points or 0.61 per cent to close at 1,144.83 points.
Turnover at DSE remained dry. Net turnover accumulated to Tk 2.31 billion, registering a decline of 18.94 per cent over the previous session’s value of Tk 2.85 billion.
The investors’ attention was mostly focused on engineering, pharma and textile – the sectors that accounted for 15.82 per cent, 15.46 per cent and 10.43 per cent of the day’s total turnover.
International Leasing Securities said: “Stocks climbed in the premier bourse after five days of major sell-off by the investors amidst the omission of hawla charge”.
There was no ‘hawla’ charge from Thursday, but investors will have to pay ‘laga’ charges at a rate of 0.03 per cent on total turnover instead of a 0.02 per cent rate.
The upsurge of the overall market amid lower turnover from the previous session also indicates that the recent sell-pressure might be over as the investors’ buying attitude is finally resurfacing, said the International Leasing.
“Initial attempt of the market to recover ended subdued as investors balked to price issues in higher side. Rather their attention remained scattered in multiple stocks,” said IDLC Investments.
Trading pattern on the other hand, imitated previous sessions’ tendency to allocate in volatility exploiting strategy in small caps as well as expectation of revaluation in large caps, said the merchant banks.
However, the day’s session was particularly rewarding to smaller caps, as micro cap outperformed all other cap classes.
LankaBangla Securities said that index moved sharply higher in early trading after moving down all week long.
“Stocks have restored some ground but remained mostly positive. This might be an impulse bounce back after five days of correction,” said the stock broker.
Among the large-cap sectors only food and allied sector closed in red with 0.16 per cent loss. All the other sectors gained. Cement registered the highest gain of the session with 1.29 per cent gain. Power and pharmaceuticals closed 0.86 per cent and 0.62 per cent higher respectively.
Banks and NBFIs – in the financials – went up by a meager 0.11 per cent and 0.18 per cent respectively. Telecommunication closed almost flat, up by 0.05 per cent.
The gainers took a lead over the losers as out of 310 issues traded, 172 gained, 97 declined and 41 remained unchanged on the DSE floor.
Activities decreased in the major bourse where trade and volume were down by 5.78 per cent and 16.14 per cent respectively. A total number of 0.077 million trades were executed with trading volume of 59.86 million securities.
The market capitalisation on DSE stood at Tk 3,233.35 billion against Tk 3,223.78 billion in the previous session.
Quasem Drycells was the most traded stock with shares worth Tk 82.68 million changing hands followed by Fu-Wang Foods, RAK Ceramics, Square Pharma and Agni Systems.
Eastern Insurance was the day’s top gainer, positing a rise of 6.07 per cent while Shympur Sugar Mills was the worst loser, slumping by 7.32 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) closed positive after fifth sessions with its Selective Categories Index – CSCX – gained 2.84 points to close at 9,102.78 points.
Gainers beat losers 121 to 96, with 38 issues remaining unchanged at the port city bourse that traded 6.38 million shares and mutual fund units, turnover value of Tk 227.94 million.