Staff Correspondent
DSEX, the key index of the Dhaka Stock Exchange (DSE), has closed in green on Sunday. Large-cap sectors posted mixed performance on the day.
The key index DSEX gained 13.25 points, or 0.26%, and closed at 5,126.15. The blue-chip index DS30 (+0.24%) and the Shariah-based index DSES (+0.14%) closed at 1,908.34 and 1,135.55 points, respectively.
However, market turnover decreased by Tk 33 crore to Tk 356 crore on the Dhaka bourse.
Meanwhile, volume elevated by 3%, and turnover decreased by 9%. 12 sectors out of 19 were the gainers, and 7 were on the losing side. Of the 395 scrips traded, 187 advanced, 155 declined, and 52 remained unchanged. BEACHHATCH topped the turnover chart. GOLDENSON was the top gainer, whereas ZEALBANGLA was the top loser.
In the block market, shares worth Tk 18 crore were transacted, representing a turnover of 5%.
The SME index, DSMEX, decreased by 18.1 pts, and the market generated a Tk 3.5 crore turnover, a 64% decrease from the previous session.
According to the Royal Capital Financial Portal, SQUARPHARMA and ISLAMIBANK contributed the most to the gains and the losses of the DSEX index on the day, and bullish conditions prevailed in the market from the start.
In the last week, the key index of the DSE closed with a bearish nod last week. The index decreased by 1.04% or 53.64 points and closed the week at 5,112.90 points. Majority sectors were in a red territory.
The turnover decreased by 17.86%. Over the week, four sectors were gainers, in which Fuel, Service & Travel was in the top position. On the other side, 14 sectors were losers, where jute, IT, and financial insurance were the top losers.
The market performed five sessions during this week. The market started negatively on Sunday (-0.66%) and remained negative throughout Monday (-0.05%), Tuesday (-0.07%), and Wednesday (-0.27%), but ended the week positively on Thursday (+0.01%).
The key index of the capital bourse failed to sustain its positive momentum as investors preferred to stay on the sidelines and observe the market momentum amidst the earnings declarations of the listed companies for the recently ended quarter and proposals for certain market development initiatives by the capital market stakeholders, according to EBL Securities' weekly review.
The market witnessed lackluster momentum throughout this week with a consecutive losing streak, while the proposed tightening of margin loan regulations induced further caution among investors over the market momentum, it said.
However, bargain hunters emerged in the final trading session to take positions on certain scrips in anticipation of short-term gains responding to favorable earnings calls, providing some cushion to the ailing market.
The blue-chip index DS30 (0.48%) lost -9.19 points and stood at 1,903.85 points.
The Shariah-based index DSES (-2.40%) lost 27.87 points and stood at 1,133.98 points. The large-cap index CDSET (0.58%) lost 6.11 points and closed at 1,045.99 points. DSEX, DS30, DSES and CDSET showed YTD returns of 1.99%, 1.85%, -2.99%, 1.89%, respectively.