Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) returned to upbeat on Wednesday overcoming the profit booking sell pressure of risk-averse investors.
DSE rebounded to green and posted marginal gain after two days of profit booking sell pressure amid choppy trading.
The market started with a positive tune as opportunist investors showed their buying spree, but the final hour selling frenzy wiped out the early gain.
The buoyancy in mutual fund, textile, financial institutions and food sectors helped the benchmark index to close in green.
The broad index, DSEX settled at 4934.46 points on Wednesday with a gain of 5.59 points or 0.11 percent.
Besides, two selective indices, Blue Chip index, DSE30 went down slightly by 0.82 points while Shariah index, DSES increased by 1.98 points to settle at 1677.66 points and 1111.93 points respectively.
On the DSE trading floor, a total number of 184,824 trades were executed in Wednesday’s trading session with a trading volume of 431.01 million securities.
DSE’s turnover, a crucial indicator of the market, plunged by 17 percent over last session as some of the investors preferred to observe the market movement. The turnover stood at Taka 8.88 billion from Taka 10.67 billion in the previous session.
Gainers took lead over losers as out of 355 issues traded, 204 securities gained price while 106 declined and 45 remained unchanged.
The market-cap of DSE decreased to Taka 4,026 billion which was Taka 4,038 billion in the previous session.
The cautious investors, however, reshuffled their portfolios in engineering, cement, life insurance and bank sector stocks.
The general insurance sector continued dominating the turnover board with 27 percent of total turnover. Walton Hi-Tech took breath after ten consecutive sessions of bull-run after listing, according to a market analyst, International Leasing Securities Limited (ILSL).
It said the major sector witnessed better performance on Wednesday. Among the major sectors based on market capitalization – mutual fund (7.3%), textile (2.9%), and financial institution (1.2%) sectors achieved price appreciation while engineering (-3.7%), cement (-1.5%) and bank (- 0.5%) sectors witnessed price correction.
The investors’ activity was mostly centered on general insurance (27.1%), textile (17.6%) and mutual fund (12.3%) sectors while Beximco (2.5%), Express Insurance (2.4%) and BD Finance (2.4%) led the scrip wise turnover board, added ILSL.
