DSE Weekly Review<\/em>
\nDhaka stocks rebound with increased turnover<\/strong>
\nDhaka stocks rebounded last week after a decline in the previous week with an increased turnover as investors were expecting that the share prices might increase further.
\nThe benchmark key index of the Dhaka Stock Exchange, DSEX, finished at 4,578 points, adding 0.68 per cent or 30.94 points.\u00a0The daily average turnover of the DSE increased to Tk 690.21 crore last week compared with that of Tk 657.97 crore in the previous week.
\nAs the bourse maintained a daily average turnover above Tk 600 crore for the last couple of weeks, investors became optimistic about the market prospect, market operators said.
\nOperators said that investors became hopeful that fresh fund would be injected into the capital market from the banking sector as the banks\u2019 deposit rate declined significantly in recent times due to huge amount of idle money.
\nRegulatory pressure on the asset management companies to increase their investment at the capital market from the mutual funds was another reason for the increased investments at the capital market, they said.
\nThe market, however, witnessed some short of volatility in the last three trading sessions of the week amid increased share selling by a section of investors to make some short-term gain, they said.
\nDS30, the blue-chip index of the DSE, finished at 1,726.48 points, increasing by 0.04 points.
\nThe Shariah index of the bourse, DSES, also remained static at 1,066.12 points, increasing by 0.42 per cent or 4.42 points.
\nOf the 307 shares and mutual funds traded on the week, 136 advanced, 152 declined and 19 remained unchanged.
\n\u2018Holding up DSEX above 4,500-point psychological level for the last three weeks, the market observed increased investor participation,\u2019 IDLC Investments said in its weekly market commentary.
\n\u2018Additionally, fresh fund injections, especially in large capitalised stocks aided further spike in market activities,\u2019 it said.
\nOverall, the market observed investors\u2019 favourable response to investment scenario, said IDLC.
\n\u2018Hence, after losing marginally at the opening session, the DSEX gained over lucrative price hunts in large caps like MJL Bangladesh, BSRM Steels and BEXIMCO in second and third session,\u2019 it said.
\nBut, investors\u2019 intention to book profit and re-balancing of portfolio shaded the market sentiment slightly, closing DSEX red with lower turnover at the later part of the week, IDLC added.
\nBEXIMCO led the turnover leaders with its share worth Tk 248.32 crore changing hands last week.
\nMJL Bangladesh, BSRM Steels, Beximco Pharma, Grameenphone, Khulna Printing & Packaging, Lafarge Surma Cement, Square Pharma, Golden Son and ACI were among the other turnover leaders.
\nAgni Systems gained the most in the week with a 38.61-per cent increase in its share price.
\nBeximco Pharma, Salvo Chemical Industry, Golden Harvest Agro Industries, Fu-Wang Ceramic, Summit Alliance Port, Barakatullah Electro Dynamics, Rangpur Dairy and Foor Products, Golden Son and United Airways were among the other top gainers.
\nPragati Life Insurance was the worst loser of the week with a 26.69-per cent decline in its share price.
\nKhulna Printing & Packaging, Southeast Bank 1st Mutual Fund, IFIL Islamic Mutual Fund-1, NLI First Mutual Fund, Square Pharma, GPH Ispat, Bangladesh Submarine Cable Company, Progressive Life and Provati Insurance Company were also among the top losers.<\/p>\n

-With New Age<\/strong> input<\/p>\n","protected":false},"excerpt":{"rendered":"

DSE Weekly Review Dhaka stocks rebound with increased turnover Dhaka stocks rebounded last week after a decline in the previous week with an increased turnover as investors were expecting that the share prices might increase further. The benchmark key index of the Dhaka Stock Exchange, DSEX, finished at 4,578 points, adding 0.68 per cent or … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[4],"tags":[],"yoast_head":"\n