Dhaka stocks ended the year with a brighter note yesterday as by the end of the day, DSEX, the key index of the premier bourse pushed up by another 25 points just before closing the day at 4,630 points.
“Last trading session of the year ended with subtle motion while investors pondered to set the course for the new-year,” said IDLC Investment in its market commentary.
The whole session observed slight volatility but as the day progressed index moved in the last hour, said the stockbroker.
“The last trading session of the year ended in positive territory with improved turnover as investors took position on heavyweight stocks amid lucrative prices,” said International Leasing Securities.
Though the market remained shaky throughout the day, price surge of most of the stocks in the final hour of the session aided the market to close in green, the stockbroker said.
“Market ended at the last trading day of 2015 with a marginal gain amid improved turnover, extending the gaining streak for consecutive three trading days,” stated MTB Capital in its regular market commentary.
The market opened with a positive mood but observed a tedious moment during the mid-session. However, some big transactions in block market actually vibrated the market thus helped to improve participation in the last hour, said the analysis.
Sale pressure wasn’t immense there as most of the large paid-up stocks tried to hold the prevailing price as institutional investors weren’t interested to lower their portfolio value, it added.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) witnessed a 0.54% or 25 points gain yesterday ending the year at 4,630 points.
The blue chip index DS30 moved up by 0.52% or 9 points ending the session at 1,751 points, while the shariah based index DSES posted a meager gain of 3 points to close at 1,107 points.
Meanwhile, the Selective Categories Index – CSCX of Chittagong Stock Exchange (CSE) posted a 36.5 points gain ending the year at 8,572 points.
Daily turnover at DSE stood at Tk434 core, which was 18.3% higher than previous session’s value of Tk367 crore.
Among the traded issues, 133 advanced, 141 declined while 50 remained unchanged.
Large cap sectors showed mixed performance yesterday. Food and Allied gained a hefty 4.01%. Banks moved 0.59% up. Power and Telecommunication appreciated by 0.33% and 0.25% respectively. Cement lost 0.47%, while NBFIs and Pharmaceuticals declined 0.20% and 0.10% respectively.
