Daily Market Commentary

Daily Capital Market Review of Bangladesh, as on 21 March, 2017

 

Financial stocks moved the market into the greenzone...

 

Dhaka Stock Exchange (DSE) witnessed positive vibe amidstinvestors' strong participation. The benchmark general index, DSEX, closed at5,724.9 points which is 29.14 points higher than the yesterday.

Market witnessed an upward trend on this day for thesecond consecutive sessions. Issues advanced is less than issues declined todayeven though the index is on the green zone . Market traded within a range of39.79 points throughout the trading session, eventually closing at 29.14 pointshigher than yesterday.

 

Market turnover went up significantly standing at BDT12,630 mn increasing by 26.9% compared to the last trading session. Bank(41.3%), Financial Institutions (11.6%), Engineering (10.4%), Pharmaceutical(9.2%) sectors were the turnover leaders. ABBANK was the most traded stockcontributing 5.83% to the total turnover followed by CITYBANK andLANKABAFIN  worth of BDT 736 million, BDT 475 million and BDT 439 millionrespectively.