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The country's capital market was mainly driven by pharmaceuticals and chemicals sector in March following investors' increased participation in share transactions.
On the trading sessions executed between March 8 and March 25, pharmaceutical and chemical companies had the highest contribution up to 77.6 per cent in daily market turnover.
Dhaka Stock Exchange (DSE) executed the last trading session on March 25. On the day, the DSE featured a turnover of above Tk 3.48 billion and the greater portion of this value came from transactions of the shares of pharmaceutical and chemical companies.
Listed pharmaceuticals and chemical companies posted a turnover of above Tk 2.7 billion and grabbed 77.6 per cent of the market turnover featured by the DSE on March 25.
The banking sector featured the second highest turnover of above Tk 318.2 million, which was 9.1 per cent of the total market turnover posted by the DSE on March 25.
On previous sessions, the listed pharmaceutical and chemical companies also had the highest contribution in daily market turnover.
The market operators said pharmaceutical and chemical companies recently have witnessed increased participations by investors who are expecting that the profits of such type of companies will be enhanced following increased demand of products being used to avoid infection of COVID-19.
On March 24, the DSE featured a turnover of above Tk 1.39 billion, of which 43.4 per cent came from transactions of the shares of pharmaceutical and chemical companies.
On the day, pharmaceutical and chemical companies featured a turnover of above Tk 606.1 million on the DSE. The banking sector posted the second highest turnover of above Tk 208.2 million and grabbed 14.9 per cent of the market turnover on March 24.
The pharmaceutical and chemical companies posted a turnover of above Tk 938.2 million on March 23 and captured 36.9 per cent of the market turnover worth above Tk 2.54 billion observed on the DSE. On the day, the fuel & power sector featured the second highest turnover of Tk 316.9 million.
On March 22, the DSE featured a turnover of above Tk 1.45 billion. On the day, pharmaceutical and chemical companies posted a turnover of above Tk 530.6 million and grabbed 36.4 per cent of the market turnover observed on the DSE. The second highest turnover worth Tk 214 million came from transactions of the shares of listed banks on March 22.
Pharmaceuticals and chemical companies featured a turnover of above Tk 232.3 million on March 19. On the day, the DSE featured a turnover of above Tk 491 million, of which 47.3 per cent came from transactions of the shares of listed pharmaceutical and chemical companies. Fuel & Power sector posted the second highest turnover worth above Tk 79 million on March 19.
On March 18, the DSE featured a turnover of above Tk 4.29 billion. On the day, listed pharmaceutical and chemical companies grabbed 29.8 per cent of the market turnover after featuring a value of above Tk 1.27 billion.
The DSE posted a turnover of above Tk 4.06 billion on March 16. On the day, the listed pharmaceutical and chemical companies posted the highest turnover worth above Tk 948.3 million and captured 23.3 per cent of the market turnover.
Engineering sector grabbed 11.5 per cent of the market turnover featuring posted the second highest turnover worth above Tk 467.3 million on March 16.
Listed pharmaceutical and chemical companies posted a turnover of above Tk 777.8 million on March 15 and captured 20.8 per cent of the market turnover worth Tk 3.73 billion. On the day, engineering sector the second highest turnover of above Tk 488.7 million.
On March 12, the DSE featured a turnover of above Tk 4.09 billion, of which 31.3 per cent or Tk 1.28 billion came from transactions of the shares of pharmaceutical and chemical companies.
The pharmaceuticals and chemicals sector grabbed 31.3 per cent of the market turnover on March 12, 23.6 per cent on March 11, 22.6 per cent on March 10, 20.7 per cent on March 9, and 20.4 per cent on March 8.
Presently, there are 32 pharmaceuticals and chemicals companies listed with the stock exchanges. The sector grabs around 18 per cent of the market capitalisation of the premier bourse DSE.
Of the companies, the share prices of ACI Formulations and ACI, which supply hexisol and hand wash, jumped up to 25 per cent in last three sessions executed before closing the market.