However, trading activities improved slightly as some investors preferred to rebalancing portfolio on earnings expectation. The benchmark index of Dhaka Stock Exchange DSEX edged over 3 points down to settle the week at 4,574.
The DS30 index, comprising blue chips, was down 14 points or 0.8% to 1,781. The DSE Shariah Index saw a fractional gain of 0.5 point to 1,123.
The Chittagong Stock Exchange Selective Category Index CSCX lost 3 points to 8,562, after 66 points rally in previous week.
The week’s daily average turnover stood at Tk464 crore, registering an increase of 4.6% over the previous week’s average of Tk443 crore on the DSE.
The block trade contributed 3.7% to the week’s total turnover value.
Engineering, fuel and power and pharmaceuticals sectors were the most traded companies, making up nearly 50% of the total trade.
The large cap sectors showed mixed performances during the past week. Engineering posted a significant gain of 4.25%, followed by non-banking financial institutions 1%. Telecommunication experienced the highest loss of more than 1%, followed by power 0.8% and food & allied 0.7%, banks 0.6% and pharmaceuticals 0.08%.
Lanka Bangla Securities said, “Benchmark index witnessed volatility and closed the week almost flat. Investors seem to be consolidating at this level.”
It said earning declaration remained the major trigger in the market, thus market saw significant shift in stock positioning almost throughout the week.
Thursday, April 25, 2024
