The Dhaka Stock Exchange (DSE) saw a day of mixed activity on Monday, October 21, 2024, as the second trading session of the week concluded with a slight rise in key market indices. While the market witnessed an overall increase in index values, trading volumes dipped compared to the previous day. Here’s a detailed analysis of the top gainers, losers, and the most active stocks of the day.
Market Overview: Index Performance
Despite lower trading volumes, all major indices at the DSE closed in positive territory, reflecting investor optimism.
- DSEX, the benchmark index, increased by 12.38 points, settling at 5,173 points by the end of the trading session.
- The DSES index, which tracks Shariah-compliant companies, rose by 1.41 points.
- The DS30 index, comprising blue-chip stocks, saw a notable increase of 7.53 points.
These gains come in contrast to the previous session, where trading activity was stronger but did not reflect the same upward movement in the indices.
Total Trading Value and Volume
On Monday, the total turnover at the DSE amounted to BDT 344.77 crore, a decrease from the BDT 362.42 crore traded in the previous session. This indicates a drop in trading volume, though market sentiment remained relatively positive, as evidenced by the overall increase in the indices.
A total of 397 companies participated in Monday’s trading session, with 150 stocks gaining, 184 stocks losing, and 63 stocks remaining unchanged.
Top Gainers: Far East Knitting Leads the Market
The biggest winners of the day were led by Far East Knitting & Dyeing Industries Ltd., which posted the most substantial gain among all listed companies. The stock’s price surged by BDT 1.80, or 10.97%, to close at BDT 18.20. This remarkable performance placed Far East Knitting at the top of the gainers’ list for the day.
Following closely behind was Salvo Chemical Industries Ltd., which saw its share price increase by BDT 2.50, or 9.72%, to close at BDT 28.20. Another notable gainer was United Finance Ltd., whose stock rose by BDT 1.10, or 8.73%, to settle at BDT 13.70.
Other companies that made significant gains included:
- HeidelbergCement Bangladesh Ltd.
- Saiham Cotton Mills Ltd.
- Orion Pharma Ltd.
- Rupali Bank Ltd.
- Capitec Grameen Bank Growth Fund
- Aftab Automobiles Ltd.
- Argon Denims Ltd.
These companies all posted gains between 5% to 7%, contributing to the positive market sentiment on the day.
Top Losers: Reliance One Mutual Fund Leads the Decline on October 21, 2024
On Monday, October 21, 2024, Reliance One – The First Scheme of Reliance Insurance Mutual Fund took the top spot on the Dhaka Stock Exchange’s (DSE) list of biggest losers. The mutual fund unit price dropped by BDT 1.10, or 9.41%, compared to the previous trading session, marking the steepest decline of the day.
According to data from the DSE, a total of 184 companies experienced a decrease in their share prices during Monday’s trading session. Reliance One Mutual Fund was followed by Dulamia Cotton Spinning Mills Ltd., which saw a price drop of BDT 5.50, or 8.24%, making it the second-largest loser for the day. In third place was Esquire Knit Composite PLC, with its stock price falling by BDT 1.40, or 8.18%.
Other notable companies on the top losers’ list included:
- Jute Spinners Ltd.
- Purabi General Insurance Ltd.
- BD Thai Aluminium Ltd.
- Active Fine Chemicals Ltd.
- New Line Clothings Ltd.
- Bengal Group Ltd.
- Aziz Pipes Ltd.
These stocks faced significant downward pressure, contributing to the broader market decline on Monday despite positive movement in the overall index. Investors should monitor these stocks closely in the upcoming sessions to assess whether they present buying opportunities or are likely to face continued challenges.
