UNB, Dhaka :
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSEX), hit the year’s low to close the week at 4345.89 points.
The DSE benchmark index, DSEX, closed week at 4345.89 points, 126.24 points or 2.82 percent low than the previous week. DSEX closed the previous week at 4472.14 points, losing 32.85 points or 0.68 percent.
The daily average turnover at the DSE was Tk 336.31 crore, a fall by 6.32 percent from the previous week while last week’s average turnover was Tk 359.01 crore.
“Cheaper price level of multiple scripts attracted opportunistic investors to the market. However, their buy pressure seemed inadequate to make a difference in the broad market,” said IDLC Finance.
Another leading stockbroker of the country, LankaBangla securities, said, “Market took selling shock this week with benchmark index losing 126.24 points. The psychological support of 4300 level worked as a floor to ease selling pressure.”
“Market participation was also lower as reflected by 6 percent lower average daily turnover compared to the previous week,” the merchant bank said this in its weekly market analysis.
The analysis also said, “On the economic front, inflation accelerated 13 basis points to 6.27 percent in March, the highest in five months, on the back of higher food prices stoked by the drawn out political turmoil.”
Private sector credit growth rebounded in February 2015 over the previous month despite political uncertainty. The growth in private sector credit flow rose to 13.61 percent in February from 13.33 percent in January. It was 13.50 percent in December, they also added.
Of the 321 issues traded at the DSE on last week, 34 gained, 283 suffered loss and 4 remained unchanged.
United Power Generation & Distribution Company dominated the week’s top turnover chart with shares worth Tk 252 crore, followed by ACI, Ifad Autos, MJL Bangladesh and Shasha Denims with shares worth Tk 91.78, 82.80, 61.60 and 57.70 crore respectively.
The week’s top five gainer was Unique Hotel & Resorts with a rise of 15.12 percent, followed by ACI, Mozaffar Hossain Spinning Mills, Ifad Autos, and Eastern Bank gaining 8.47, 8.39, 7.46, and 6.77 percent respectively.
Top five losers at the DSE on the last week were Zaheen Spinning, Eastland Insurance, ICB AMCL Sonali Bank Limited 1st Mutual Fund, Rupali Insurance and Shurwid Industries.
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSEX), hit the year’s low to close the week at 4345.89 points.
The DSE benchmark index, DSEX, closed week at 4345.89 points, 126.24 points or 2.82 percent low than the previous week. DSEX closed the previous week at 4472.14 points, losing 32.85 points or 0.68 percent.
The daily average turnover at the DSE was Tk 336.31 crore, a fall by 6.32 percent from the previous week while last week’s average turnover was Tk 359.01 crore.
“Cheaper price level of multiple scripts attracted opportunistic investors to the market. However, their buy pressure seemed inadequate to make a difference in the broad market,” said IDLC Finance.
Another leading stockbroker of the country, LankaBangla securities, said, “Market took selling shock this week with benchmark index losing 126.24 points. The psychological support of 4300 level worked as a floor to ease selling pressure.”
“Market participation was also lower as reflected by 6 percent lower average daily turnover compared to the previous week,” the merchant bank said this in its weekly market analysis.
The analysis also said, “On the economic front, inflation accelerated 13 basis points to 6.27 percent in March, the highest in five months, on the back of higher food prices stoked by the drawn out political turmoil.”
Private sector credit growth rebounded in February 2015 over the previous month despite political uncertainty. The growth in private sector credit flow rose to 13.61 percent in February from 13.33 percent in January. It was 13.50 percent in December, they also added.
Of the 321 issues traded at the DSE on last week, 34 gained, 283 suffered loss and 4 remained unchanged.
United Power Generation & Distribution Company dominated the week’s top turnover chart with shares worth Tk 252 crore, followed by ACI, Ifad Autos, MJL Bangladesh and Shasha Denims with shares worth Tk 91.78, 82.80, 61.60 and 57.70 crore respectively.
The week’s top five gainer was Unique Hotel & Resorts with a rise of 15.12 percent, followed by ACI, Mozaffar Hossain Spinning Mills, Ifad Autos, and Eastern Bank gaining 8.47, 8.39, 7.46, and 6.77 percent respectively.
Top five losers at the DSE on the last week were Zaheen Spinning, Eastland Insurance, ICB AMCL Sonali Bank Limited 1st Mutual Fund, Rupali Insurance and Shurwid Industries.
