Banking and insurance issues performed well despite the share trading at Dhaka Stock Exchange (DSE) finished mixed on Tuesday.
The benchmark index of the prime bourse closed almost flat with the specialized indices slipping marginally down. DSEX, the broad- based index of DSE, finished the day flat at 4472.17 when the blue-chip DS30 and Shariah DSES ended slightly down at 1650.59 and 1020.67 respectively.
The session began with bullish mood, but the trend could not sustain in the later part of the day due to profit booking selling of large cap shares by a good number of investors. Amidst the sell pressure, the general index managed to add 5.17 points, but the blue-chip index lost 4.32 points and the Shariah index shed by 1.80 points.
Despite the volatility in the price indices, life insurance sector managed 2.54 percent gain when it got investors’ attention and became the top gainer of the day followed by tannery, engineering and food sectors.
Besides, banking sector showed strength on the day when 24 out of 30 listed banks sustained in the positive territory on their good half-yearly reports.
On the other hand, cement, fuel and power and pharmaceuticals dwindled on selling pressure though the market remained in favour of sellers with 174 issues advancing and 87 declining when 39 were static.
Most of the investors remained meticulous about making fresh investment while some of them were searching for investment worthy spread in mini and small caps stocks, says market analysts adding that the continues watchful tendency brought down market activity, cutting daily turnover value by 12.24 percent to little over Taka 491 crore.
The daily trade volume, however, increased to 12 crore shares because of small and medium cap concentration of a good number of buyers unlike before.
Pharmaceuticals, cement, energy, textile and engineering were the day’s top performers in term of voluminous trading.
