The market moved between negative and positive frequently within a limited range throughout the entire session as investors were active of both sides of the fence.
The benchmark index of Dhaka Stock Exchange DSEX witnessed a fractional rise of 0.6 points to settle at 4,693.
The DS30 index, comprising blue chips, rose nearly 6 points to 1,754. The DSE Shariah Index gained over 5 points to 1,117.
The Chittagong Stock Exchange Selective Category Index CSCX was up only over 4 points to 8,768.
However, strong buying and selling spree helped increase trading activities as the DSE turnover stood at Tk567 crore, up more than 13% over the previous session.
Engineering sector continued to dominate the trading, accounting for 18% of the total turnover. Lanka Bangla Securities said the market closed in flat green zone after a highly volatile trading session.
It said the market reflected investors’ reactions to the declared earning performances.
Bank and non-banking financial institutions sectors saw profit booking, ending a modest rise over the previous sessions.
The market breadth, however, remained negative as out of 326 issues traded, 130 securities gained, 161 declined and 35 remained unchanged.
Telecommunications sector continued to end positive as it climbed over 1%.
Among small cap sector, cement sector remained favourite among the investors gaining over 2%, followed by engineering 1% and power 0.6%.
Power sector generated the highest turnover, accounting for about 20% of the total trade value on the DSE.
A massive growth in first quarter earnings of Doreen Power encouraged the investors most.
As a result, the company led the turnover chart, capturing more than 9% of the total turnover.
Thursday, April 25, 2024
