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Sunday, August 23, 2015, Bhadra 8, 1422 BS, Zilqad 7, 1436 Hijr

Weekly Market Review
DSE ends mixed, CSE edges up
Business Desk
Published :Sunday, 23 August, 2015,  Time : 12:00 AM  View Count : 13

The major indices at the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) edged up but the two other important indicators at the former slid in the week that ended on Thursday, as investors were cautious in transactions, dealers said.  
DSEX, the prime index of the DSE edged up 31.29 points or 0.65 per cent to end the week at 4,840.16. But the DS30 index, comprising blue chips, slid 8.45 points or 0.45 per cent to settle at 1,850.95 and the  Shariah Index DSES declined 0.07 points or 0.01 per cent to finish at 1,191, against the previous week.
At the CSE its Selective Categories Index CSCX gaining 27.36 points or 0.30 per cent to close the week at 9,027.44.
Of the usual five trading first two sessions ended lower on profit booking by the dominant small investors while the following three ended with little gains as investors picked up prospective shares.
The total turnover at the DSE remained small at Tk 28.20 billion against Tk 31 billion in the previous week as investors maintained cautious stance. The average daily turnover for the week was Tk 5.64 billion, down 9.04 per cent from  the previous week's average of Tk 6.20 billion.
Engineering, pharma and power stocks attracted 18 per cent, 16 per cent and 14 per cent respectively of the week's total turnover.
"After last week's consolidation, which was extended for first two sessions, market tried to turn around riding on some of the investors' expectation that the consolidation is complete for now," said IDLC Investments, a merchant bank, in its weekly analysis.
The market observed powerful actions from both buyers and sellers trying to take lead of the market. On a net basis, buyers took the baton, said the merchant bank.
LankaBangla Securities, a stockbroker, said, "Market closed the week in green zone with mild gain as investors continued their cautious trading behavior".
MTB Capital, a merchant bank, said, "The market edged marginally higher as investors intensified their buying spree in the last three sessions amid cautious mood".
According to Sheltech Brokerage, financial institutions grabbed the top position as gainers with 5.2 per cent while cement sector became the highest loser with 3.2 per cent loss.
Tannery Industry led the money flow rally with 36.6 per cent gain in turnover followed by bank sector 47.9 per cent and financial institutions 40.2 per cent, said the Sheltech Brokerage. The large-cap sectors showed mixed performance. NBFIs went up by a significant 5.18 per cent. Banks advanced 3.19 per cent followed by pharmaceuticals 0.79 per cent.
Cement sector suffered the most with 3.24 per cent followed by power 1.24 per cent. Telecommunication closed the week 0.74 per cent lower. Food and allied lost marginally by 0.19 per cent.
Losers outpaced gainers as out of 324 issues traded, 171 declined, 133 declined and 20 remained unchanged on the DSE floor during the week.
The market capitalisation of the DSE went up slightly by 0.20 per cent as it was Tk 3,366.57 billion on the opening day of the week and it stood at Tk 3,373.20 billion on closing day of the week.
Apex Tannery recommended 45 per cent cash divided while Trustee Committee of 16 mutual funds declared dividend for their unit holders last week.
Square Pharma was the week's top turnover leader with shares worth Tk 1.21 billion changing hands followed by Islami Bank, Shahjibazar Power, RSRM Steels and Lafarge Surma Cement.
Apex Foods was the week's best performer, posting a rise of 28.84 per cent while EBL NRB Mutual Fund was the week's worst loser, plunging by 12.50 per cent.

Editor : Iqbal Sobhan Chowdhury
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