Investors gamble on Keya Cosmetics

Local cosmetics maker Keya Cosmetics has continued to dominate the stockmarket, luring investors to put their money into the stocks.

Keya, whose shares have been in the black for the last several days, topped the turnover list yesterday with its stocks worth Tk 78 crore or 6.72 percent of the day's total transaction of Tk 1,160 crore changing hands.

Lubricant maker MJL Bangladesh came second in the turnover list with shares valued at Tk 37.3 crore being traded.

Keya's share rose Tk 1.5 or 9.15 percent closing at Tk 17.80, its highest price since September 2015. The price of a Keya share grew over 27 percent in the last one month.

Overall, the Dhaka Stock Exchange (DSE) retained the bullish trend in the first trading session of the week.

The turnover remained buoyant fuelled by sustained investor's interest, said IDLC's market analysis.

The premier bourse saw a three-month high turnover of Tk 1,046 crore last week and the rally continued throughout the week.

The key DSEX index gained 24.63 points to close at 5774.29, after a decline on Sunday riding on small cap stocks, according to IDLC.

Large cap companies, which dominated the gainer list last week, were pale yesterday, with a majority of them declining.

The index moved at a stable and consistent upward direction yesterday, and closed in the green, according to a LankaBangla Securities analysis.

All sectors except six closed positive during the session. Textile, engineering and cement gained 2.11 percent, 1.14 percent, and 1.04 percent respectively, according to the analysis of the brokerage firm. Telecommunication was the worst performer among the major sectors.

At the DSE, 188 securities gained, 100 declined and 39 remained unchanged. The DS30 and the DSES were up 4.70 and 7.10 points respectively.