UNB, Dhaka :
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSE) again experienced downtrend in the last week while its turnover hit a four-month low.
The DSE benchmark index, DSEX, closed the week at 4772.56 points, losing 127.05 points or 2.59 percent.
The DSE shariah index, DSES, shed 38.96 points or 3.40 percent, to close at 1106.86 points in the week.
The daily average turnover at the DSE was Tk 325.46, down by 48.09 percent from the previous week.
“The benchmark index observed another week of correction as investors seem to be acting cautiously as they lack any market direction,” said LankaBangla Securities.
LankaBangla Securities also said: “The average daily turnover during the week was Tk 325.4 crore. That was down by 48 percent from previous week which shows lack of investor’s participation at this price level.”
Market needs some consolidation at this level for reversal. The next support level for the market is around 4700, the stockbroker said.
“Heavyweight stocks like GP and Lafarge Surma Cement took hit during the week which intensified the fall in index.”
The fuel and power sector hold the 18 percent of last week’s total turnover while pharmaceuticals, engineering, bank and textile sector accounted for 17, 15, 9, and 8 percent respectively.
Food and Allied was the top gaining sector which increased to 18.72 percent, followed by telecommunication 11.19 percent, cement 6.79 percent, pharmaceuticals 4.63 percent and tannery 4.19 percent.
Of the 317 issues traded at the DSE on last week, 48 gained, 244 suffered loss and 24 remained unchanged.
Western Marine Shipyard dominated the week’s top turnover chart with shares worth Tk 72.39 crore, followed by Jamuna Oil, Lafarge Surma Cement, BEXIMCO Pharma and Khan Brothers PP Woven Bag Industries.
The week’s top gainer was Gemini Sea Food with a rise of 43.2 percent, followed by Northern Jute Manufacturing 32.4 percent, MI Syringes & Medical Devices 25.7 percent, Kohinoor Chemicals 25.4 percent, and Pharma Aids 23.2 percent.
Top losers at the DSE on the last week were First Security Bank followed by Orion Infusion, BDCOM, Prime Textile and Saiham Textile.
Key share price index at the country’s premier bourse, Dhaka Stock Exchange (DSE) again experienced downtrend in the last week while its turnover hit a four-month low.
The DSE benchmark index, DSEX, closed the week at 4772.56 points, losing 127.05 points or 2.59 percent.
The DSE shariah index, DSES, shed 38.96 points or 3.40 percent, to close at 1106.86 points in the week.
The daily average turnover at the DSE was Tk 325.46, down by 48.09 percent from the previous week.
“The benchmark index observed another week of correction as investors seem to be acting cautiously as they lack any market direction,” said LankaBangla Securities.
LankaBangla Securities also said: “The average daily turnover during the week was Tk 325.4 crore. That was down by 48 percent from previous week which shows lack of investor’s participation at this price level.”
Market needs some consolidation at this level for reversal. The next support level for the market is around 4700, the stockbroker said.
“Heavyweight stocks like GP and Lafarge Surma Cement took hit during the week which intensified the fall in index.”
The fuel and power sector hold the 18 percent of last week’s total turnover while pharmaceuticals, engineering, bank and textile sector accounted for 17, 15, 9, and 8 percent respectively.
Food and Allied was the top gaining sector which increased to 18.72 percent, followed by telecommunication 11.19 percent, cement 6.79 percent, pharmaceuticals 4.63 percent and tannery 4.19 percent.
Of the 317 issues traded at the DSE on last week, 48 gained, 244 suffered loss and 24 remained unchanged.
Western Marine Shipyard dominated the week’s top turnover chart with shares worth Tk 72.39 crore, followed by Jamuna Oil, Lafarge Surma Cement, BEXIMCO Pharma and Khan Brothers PP Woven Bag Industries.
The week’s top gainer was Gemini Sea Food with a rise of 43.2 percent, followed by Northern Jute Manufacturing 32.4 percent, MI Syringes & Medical Devices 25.7 percent, Kohinoor Chemicals 25.4 percent, and Pharma Aids 23.2 percent.
Top losers at the DSE on the last week were First Security Bank followed by Orion Infusion, BDCOM, Prime Textile and Saiham Textile.
