The Dhaka Stock Exchange (DSE) was in the green for the third straight week that ended Thursday with significant increase in the turnover.
The DSE General Index -- the benchmark index-rose 35.76 points or 1.40 per cent to finish at 2588.72 as compared to previous week's 2552.96.
All Shares Price Index (DSI) gained 1.48 per cent or 31.48 points to close at 2156.68. DSE-20 comprising blue chip was up by 2.59 per cent or 50.70 points to finish at 2005.19.
The pre-budget rally attracted the investors who opted for speculative stocks for quick gain, which helped the market keep upward during the week, analysts said.
The positive momentum of the stocks was clearly visible by substantial gains in the stock prices along with the consistently high trade volumes.
Once again the non-banking financial institutions (NBFIs), accounted for 14.70 per cent of total weekly turnover, were the best performing sector gaining around 16.05 per cent.
It continued to shine as the news broke out that the central bank asked them to double their paid up capital base by the end of the calendar year, according to the weekly analysis of the Equity Partners Ltd (EPL), an investment bank.
The banking sector also saw modest gains of about 2.39 per cent with most of the gains coming on the last trading day. "Investors seemed to be keen on banks like BRAC Bank and Islami Bank. Turnover in banking was 7.8 per cent of total week's turnover," EPL said.
Amongst other noticeable sectors were, pharmaceuticals which grew by 6.14 per cent, insurance by 7.33 per cent and service and real estate by 4.16 per cent. Pharmaceuticals were boosted by the continued price rise of Square Pharma.
Gainers beat the losers as out of 299 issues traded, 160 advanced, 97 declined, five remained unchanged and 37 were not traded in the week.
On the other hand, the average turnover for the week was up by 22.97 per cent from Tk 5.85 billion, up from previous week's Tk 4.75 billion. One of the factors for significant increase in the turnover is that the deposit interest rate was lowered by the commercial banks.
Beximco Limited was the week's top turnover leader with shares worth Tk 2.92 billion traded, accounting for 10.01 per cent of the total turnover of Tk 29.25 billion.
The next other turnover leaders were Summit Power, LankaBangla Finance Ltd, Beximco Pharma, Summit Alliance Port Ltd, Titas Gas, Bextex Ltd, Estern Housing Ltd (EHL), S Alam Cold Rolled Steels Ltd and Square Pharma.
The market capitalisation remained unchanged at Tk 1.05 trillion.
BD Finance continued to retain the top gainer position for the second consecutive week. Its stock prices gained 40.07 per cent.
The other top gainers of the week were Prime Finance, Premier Leasing, Karnaphuli Insurance, BIFC, National Housing and Investment Ltd, First Lease International, Padma Oil Company, ILFSL and Standard Ceramic.
Beximco, the week's top loser, dropped by 26.56 per cent due to price adjustments after distributing dividends. Sonargaon Textiles, Renata Ltd, Shinepukur Ceramics Ltd, Square Textile, Gachihata Aquaculture, Estern Housing, Phoneix Insurance, Maq Enterprises and Bangladesh Online are other top losers.
The A-category issues accounted for 80.78 per cent of the total turnover in value during the week, while B-category issues accounted for 4.51 per cent, N-category 9.45 per cent and Z-category 5.26 per cent. |
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