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Today’s Market Commentary

Market ended flat; Bank showed positive movement!

Following the previous trade session, the prime index, DSEX, moved upward with 106 gaining stocks and 188 losers at closing. The index had a gain of 0.1% and closed at 6229 while turnover saw a rise of 2.3%. The market was traded at a LTM P/E (Price to Earning) of 16.7x.

ISLAMIBANK gained the number one spot on the turnover board today; c BDT 223.4 mn. Number two and three spots were taken by, NTLTUBES (BDT 131.2 mn), and AAMRANET (BDT 127.2 mn). RUPALILIFE led the price gainer board with a 10.0% price gain while MEGCONMILK led the price loser board with a 9.4% loss.

Among the prominent sectors IT Sector led the top market cap gainers with 1.1% gain, while Cement led the top market cap losers with 0.8% loss. IT Sector showed the highest turnover increase of 63.2% while Telecommunication showed the highest turnover loss of 67.2%. Bank had the highest contribution of 33.8% in turnover today.

Market is now trading above the 200 days WMA of 5990.9, Today’s market RSI was 49.9.

Date
Title
Source
19 December 2017 Daily Market Commentary Sheltech Research
18 December 2017 Daily Market Commentary Sheltech Research
17 December 2017 Daily Market Commentary Sheltech Research
14 December 2017 Daily Market Commentary Sheltech Research
13 December 2017 Daily Market Commentary Sheltech Research
12 December 2017 Daily Market Commentary Sheltech Research
11 December 2017 Daily Market Commentary Sheltech Research
10 December 2017 Daily Market Commentary Sheltech Research
07 December 2017 Daily Market Commentary Sheltech Research
06 December 2017 Daily Market Commentary Sheltech Research
05 December 2017 Daily Market Commentary Sheltech Research
04 December 2017 Daily Market Commentary Sheltech Research
03 December 2017 Daily Market Commentary Sheltech Research
30 November 2017 Daily Market Commentary Sheltech Research
29 November 2017 Daily Market Commentary Sheltech Research
28 November 2017 Daily Market Commentary Sheltech Research
27 November 2017 Daily Market Commentary Sheltech Research
26 November 2017 Daily Market Commentary Sheltech Research
23 November 2017 Daily Market Commentary Sheltech Research
22 November 2017 Daily Market Commentary Sheltech Research
21 November 2017 Daily Market Commentry Sheltech Research

Weekly Market Commentry

Morning rally couldn’t sustain; DSEX ends flat!

Following last trading session, the prime index, DSEX, remained volatile throughout the session. Starting the day with bullish move, DSEX failed to maintain the trend due to sell pressure in large caps such as ICB, ISLAMIBANK, LANKABAFIN, BEXIMCO; On the other hand GP, BRACBANK, PUBALIBANK tried to provide support and helped the index to end flat. The index had a gain of 0.1% and closed at 5474 with 183 gaining stocks and 112 losers while turnover saw a fall of 7.8%. The market was traded at a LTM P/E (Price to Earning) of 17.1x.

ISLAMIBANK gained the number one spot on the turnover board today; c BDT 352.5 mn. Number two and three spots were taken by, BEXIMCO (BDT 333.8 mn), and CONFIDCEM (BDT 227.4 mn). BEACHHATCH led the price gainer board with a 9.7% price gain while 1STPRIMFMF led the price loser board with a 5.9% loss. Among the prominent sectors Telecommunication led the top market cap gainers with 1.5% gain, while Financial Institutions led the top market cap losers with 1.2% loss. Telecommunication showed the highest turnover increase of 63.3% while Food & Allied showed the highest turnover loss of 46.7%. Bank had the highest contribution of 16.9% in turnover today.
Market is now trading above the 200 days WMA of 4836.42, Today’s market RSI was 58.87.

Date
Title
Source
01 February 2017 Daily Market Commentry Sheltech Research
31 January 2017 Daily Market Commentry Sheltech Research
17 January 2017 Daily Market Commentry Sheltech Research
16 January 2017 Daily Market Commentry Sheltech Research
15 January 2017 Daily Market Commentry Sheltech Research
12 January 2017 Daily Market Commentry Sheltech Research
11 January 2017 Daily Market Commentry Sheltech Research
10 January 2017 Daily Market Commentry Sheltech Research
09 January 2017 Daily Market Commentry Sheltech Research
08 January 2017 Daily Market Commentry Sheltech Research
05 January 2017 Daily Market Commentry Sheltech Research
04 January 2017 Daily Market Commentry Sheltech Research
03 January 2017 Daily Market Commentry Sheltech Research
02 January 2017 Daily Market Commentry Sheltech Research
01 January 2017 Daily Market Commentry Sheltech Research
29 December 2016 Daily Market Commentry Sheltech Research
28 December 2016 Daily Market Commentry Sheltech Research
27 December 2016 Daily Market Commentry Sheltech Research
26 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research

Today’s Market Commentry

Market ended negative due to Bank sell-offs!

Following the previous trade session, the prime index, DSEX, moved downward with 131 gaining stocks and 152 losers at closing. The index had a loss of 0.2% and closed at 6296 while turnover saw a fall of 7.5%. The market was traded at a LTM P/E (Price to Earning) of 16.9x.

BDTHAI gained the number one spot on the turnover board today; c BDT 306.3 mn. Number two and three spots were taken by, BRACBANK (BDT 294.8 mn), and SHAHJABANK (BDT 254.1 mn). ECABLES led the price gainer board with a 7.5% price gain while CENTRALPHL led the price loser board with an 11.2% loss.

Among the prominent sectors Telecommunication led the top market cap gainers with 1.0% gain, while Bank led the top market cap losers with 0.9% loss. Tannery Industries showed the highest turnover increase of 83.9% while Cement showed the highest turnover loss of 57.4%. Bank had the highest contribution of 25.8% in turnover today.

Market is now trading above the 200 days WMA of 5942.4, Today’s market RSI was 61.7.

Date
Title
Source
03 December 2017 Daily Market Commentry Sheltech Research
31 January 2017 Daily Market Commentry Sheltech Research
17 January 2017 Daily Market Commentry Sheltech Research
16 January 2017 Daily Market Commentry Sheltech Research
15 January 2017 Daily Market Commentry Sheltech Research
12 January 2017 Daily Market Commentry Sheltech Research
11 January 2017 Daily Market Commentry Sheltech Research
10 January 2017 Daily Market Commentry Sheltech Research
09 January 2017 Daily Market Commentry Sheltech Research
08 January 2017 Daily Market Commentry Sheltech Research
05 January 2017 Daily Market Commentry Sheltech Research
04 January 2017 Daily Market Commentry Sheltech Research
03 January 2017 Daily Market Commentry Sheltech Research
02 January 2017 Daily Market Commentry Sheltech Research
01 January 2017 Daily Market Commentry Sheltech Research
29 December 2016 Daily Market Commentry Sheltech Research
28 December 2016 Daily Market Commentry Sheltech Research
27 December 2016 Daily Market Commentry Sheltech Research
26 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research

Weekly Market Commentry

Morning rally couldn’t sustain; DSEX ends flat!

Following last trading session, the prime index, DSEX, remained volatile throughout the session. Starting the day with bullish move, DSEX failed to maintain the trend due to sell pressure in large caps such as ICB, ISLAMIBANK, LANKABAFIN, BEXIMCO; On the other hand GP, BRACBANK, PUBALIBANK tried to provide support and helped the index to end flat. The index had a gain of 0.1% and closed at 5474 with 183 gaining stocks and 112 losers while turnover saw a fall of 7.8%. The market was traded at a LTM P/E (Price to Earning) of 17.1x.

ISLAMIBANK gained the number one spot on the turnover board today; c BDT 352.5 mn. Number two and three spots were taken by, BEXIMCO (BDT 333.8 mn), and CONFIDCEM (BDT 227.4 mn). BEACHHATCH led the price gainer board with a 9.7% price gain while 1STPRIMFMF led the price loser board with a 5.9% loss. Among the prominent sectors Telecommunication led the top market cap gainers with 1.5% gain, while Financial Institutions led the top market cap losers with 1.2% loss. Telecommunication showed the highest turnover increase of 63.3% while Food & Allied showed the highest turnover loss of 46.7%. Bank had the highest contribution of 16.9% in turnover today.
Market is now trading above the 200 days WMA of 4836.42, Today’s market RSI was 58.87.

Date
Title
Source
01 February 2017 Daily Market Commentry Sheltech Research
31 January 2017 Daily Market Commentry Sheltech Research
17 January 2017 Daily Market Commentry Sheltech Research
16 January 2017 Daily Market Commentry Sheltech Research
15 January 2017 Daily Market Commentry Sheltech Research
12 January 2017 Daily Market Commentry Sheltech Research
11 January 2017 Daily Market Commentry Sheltech Research
10 January 2017 Daily Market Commentry Sheltech Research
09 January 2017 Daily Market Commentry Sheltech Research
08 January 2017 Daily Market Commentry Sheltech Research
05 January 2017 Daily Market Commentry Sheltech Research
04 January 2017 Daily Market Commentry Sheltech Research
03 January 2017 Daily Market Commentry Sheltech Research
02 January 2017 Daily Market Commentry Sheltech Research
01 January 2017 Daily Market Commentry Sheltech Research
29 December 2016 Daily Market Commentry Sheltech Research
28 December 2016 Daily Market Commentry Sheltech Research
27 December 2016 Daily Market Commentry Sheltech Research
26 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research
22 December 2016 Daily Market Commentry Sheltech Research