DSE turnover rises 14.37 per cent

The Dhaka stocks Sunday closed in red as most of the major sectors, other than the banks, witnessed notable price corrections.

On the day, a sell pressure was also observed due to investors` profit booking mood after a flat rally of previous week.

The large cap sectors which normally helps the market to be positive declined notably and subsequently all indices lost points on the Dhaka Stock Exchange (DSE).

DSE turnover rises 14.37 per cent
Among the large cap sectors based on market capitalisation, engineering lost 3.9 per cent, fuel & power 1.3 per cent and telecom 1.3 per cent.

On Sunday, the losers took control over the losers and the indices declined on the premier bourse.

At the end of the session, of 324 issues traded, 83 advanced, 202 declined and 39 were unchanged.

And the DSE broad index DSEX shed 0.53 per cent or 25.09 points to close at 4698.63points.

"The market started with early-hour sell pressure while the investors confirmed an effort to resumption in mid-session but sellers became active in the later part of the session," said a market commentary of the International Leasing Securities.

The DSE Shariah index DSES lost 0.79 per cent to close at 1122.42 points, whereas the blue chip index DS30 went down by 1.25 per cent to close at 1762.25 points.

The day`s turnover, however, improved than the value observed on previous session.

The turnover stood at above Tk 5.59 billion which was 14.37 per cent higher than the turnover of the previous session.

Among the companies of engineering sector, both the BSRM Limited and BSRM Steel were in the list of turnover leaders following the companies` corporate declaration for January-June, 2016.

 Among the losing sectors, Cement declined 1.0 per cent, food & allied 0.6 per cent, Jute 2.6 per cent, IT 1.5 per cent, Life Insurance 0.9 per cent, services 0.9 per cent and telecommunication 1.3 per cent.

Among the gainers, the banks witnessed a return of 0.8 per cent.

The BSRM Limited topped the volume chart with a turnover of Tk 578 million followed by SINGER BD Tk 396 million, BSRM Steel Tk 183 million and MJL Bangladesh Tk 147 million.

National Insurance Company was the number one gainer with a rise of 6.62 per cent to close at Tk 16.30.

The BSRM Limited and BSRM Steel, which secured the first and third position in volume chart, entered the list of top 10 losers on the premier bourse.

On Sunday, the investors` activity was mostly centered on engineering which captured 28.3 per cent of market turnover followed by banks 13.8 per cent and textile 11.5 per cent.

The Board of Directors of BSRM Limited has approved the six months audited accounts prepared for Jan-June, 2016.  The company`s earnings per share (EPS) for 6 months period was Tk. 3.02 for January-June, 2016 as against Tk. 0.95 for January-June, 2015.

The Board of Directors of the BSRM Steel has also approved the six months consolidated audited accounts (Jan-June 2016) of the Company. Its consolidated EPS for 6 months period was Tk. 3.68 for January-June, 2016 as against Tk. 3.09 for January-June, 2015.

On the Chittagong Stock Exchange (CSE), the benchmark index CASPI shed 70 points to close at 14442 points.

Of 240 issues traded, 69 advanced, 152 declined and 19 were unchanged and the turnover stood at above Tk 442.57 million on the port city bourse.