Turnover dips to 16-week low
Published : 07 May 2013
The bourses ended another sluggish session Monday with turnover dipped to 16-week low as investors were largely pessimistic amid heightened tension in political arena.
With an outlook of following last day's sluggish pattern, the General Index of the Dhaka Stock Exchange (DGEN) ended at 3,663.11 points, adding 7.80 points or 0.21 per cent.
The DSEX went up by 3.60 points or 0.10 per cent to close at 3,472.17 while the DS30 advanced 5.05 points or 0.39 per cent to close at 1,287.81.
Over depressive investment scenario, the total turnover at DSE went down by 23.2 per cent from previous session's value and stood at Tk 1.07 billion. It was also 16-week lowest value since January 21 when it was Tk 1.01 billion.
"The rapid fall in turnover was pretty much anticipated by the investors due to massive political violence that the capital experienced Sunday," commented Zenith Investments, in its daily market analysis.
"It's been quite long that investors have lost most of their confidence over the market. Sunday's political violence accelerated that losing of confidence and its reflection could be seen directly from the turnover scenario," observed the Zenith analysis.
"After previous day's heavy strife in the capital, investors were largely pessimistic amid heightened tension in political arena," stated IDLC Investments.
"As volatility took one-step further, investors hardly had the motive to invest more, resulting in a flat session," said IDLC in its daily market analysis.
"Turnover declined further indicating investors confusion regarding the market direction amid current political scenario," commented LankaBangla Securities.
In this apathy, only foreign investors are taking position, betting on country's long-term growth prospect, said the stock broker.
Of the 265 traded issues at DSE, 89 advanced, 137 declined and 39 remained unchanged.
Almost all of the sectors ended red. Among them food and allied sector was the top positive sector gaining 4.42 per cent in a flash.
The major drive behind such performance was a significant 5.77 per cent gain marked by heavyweight BATBC. Apex Foods also contributed to such performance with 5.95 per cent gain.
Textiles got the second place in terms of turnover with Tk 121 million worth turnover and lost the top place to the banks which had only Tk 134 million.
Liquidity position of the other sectors was pretty much same. Insurance sector looked most devastated after continuous resilient performance.
Among the major sectors banks and pharmaceuticals gained 0.69 per cent and 0.1 per cent respectively while NBFIs, fuel and power and telecommunications retraced 0.51 per cent, 0.22 per cent and 0.09 per cent respectively.
Beximco Limited was the day's most traded stocks with shares worth Tk 38.88 million changing hands. Bengal Windsor Thermoplastic, United Airways, CVO Petrochemicals Refinery and Beximco Pharma were the day's next popular stocks.
Rahim Textile continued to the highest gainer for the third straight session, posting a rise of 9.94 per cent while Kay and Que was the day's worst loser, slumping by 17.26 per cent following its no divined declaration.
The Chittagong Stock Exchange (CSE) also ended flat with the Selective Categories Index gained 7.28 points to close at 6,837.55 points.
Losers beat gainers 112 to 46 with 17 issues remaining unchanged on the port city bourse that traded 4.52 million shares and mutual fund units on a value of Tk 118.87 million.
Published : 07 May 2013
The bourses ended another sluggish session Monday with turnover dipped to 16-week low as investors were largely pessimistic amid heightened tension in political arena.
With an outlook of following last day's sluggish pattern, the General Index of the Dhaka Stock Exchange (DGEN) ended at 3,663.11 points, adding 7.80 points or 0.21 per cent.
The DSEX went up by 3.60 points or 0.10 per cent to close at 3,472.17 while the DS30 advanced 5.05 points or 0.39 per cent to close at 1,287.81.
Over depressive investment scenario, the total turnover at DSE went down by 23.2 per cent from previous session's value and stood at Tk 1.07 billion. It was also 16-week lowest value since January 21 when it was Tk 1.01 billion.
"The rapid fall in turnover was pretty much anticipated by the investors due to massive political violence that the capital experienced Sunday," commented Zenith Investments, in its daily market analysis.
"It's been quite long that investors have lost most of their confidence over the market. Sunday's political violence accelerated that losing of confidence and its reflection could be seen directly from the turnover scenario," observed the Zenith analysis.
"After previous day's heavy strife in the capital, investors were largely pessimistic amid heightened tension in political arena," stated IDLC Investments.
"As volatility took one-step further, investors hardly had the motive to invest more, resulting in a flat session," said IDLC in its daily market analysis.
"Turnover declined further indicating investors confusion regarding the market direction amid current political scenario," commented LankaBangla Securities.
In this apathy, only foreign investors are taking position, betting on country's long-term growth prospect, said the stock broker.
Of the 265 traded issues at DSE, 89 advanced, 137 declined and 39 remained unchanged.
Almost all of the sectors ended red. Among them food and allied sector was the top positive sector gaining 4.42 per cent in a flash.
The major drive behind such performance was a significant 5.77 per cent gain marked by heavyweight BATBC. Apex Foods also contributed to such performance with 5.95 per cent gain.
Textiles got the second place in terms of turnover with Tk 121 million worth turnover and lost the top place to the banks which had only Tk 134 million.
Liquidity position of the other sectors was pretty much same. Insurance sector looked most devastated after continuous resilient performance.
Among the major sectors banks and pharmaceuticals gained 0.69 per cent and 0.1 per cent respectively while NBFIs, fuel and power and telecommunications retraced 0.51 per cent, 0.22 per cent and 0.09 per cent respectively.
Beximco Limited was the day's most traded stocks with shares worth Tk 38.88 million changing hands. Bengal Windsor Thermoplastic, United Airways, CVO Petrochemicals Refinery and Beximco Pharma were the day's next popular stocks.
Rahim Textile continued to the highest gainer for the third straight session, posting a rise of 9.94 per cent while Kay and Que was the day's worst loser, slumping by 17.26 per cent following its no divined declaration.
The Chittagong Stock Exchange (CSE) also ended flat with the Selective Categories Index gained 7.28 points to close at 6,837.55 points.
Losers beat gainers 112 to 46 with 17 issues remaining unchanged on the port city bourse that traded 4.52 million shares and mutual fund units on a value of Tk 118.87 million.
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