Stocks post marginal gain after volatility
Stocks posted a modest gain on Tuesday, after a single-day break, as investors showed buying appetite on sector-wise issues.
DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 19.13 points or 0.40 per cent to settle at 4,781.
Market operators said the enthusiastic investors put fresh stakes on large-cap stocks amid growing confidence in the market riding on regulatory moves to restore discipline in the country’s capital market.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 14.80 points to finish at 1,660 and the DSE Shariah Index gained 9.50 points to close at 1,113.
Turnover, the crucial indicator of the market, remained below Tk 10 billion-mark for the past four straight sessions and amounted to Tk 7.86 billion on the country’s premier bourse, which was 7.82 per cent higher than the previous session.
Losers outnumbered the gainers, as out of 357 issues traded, 172 closed lower, 137 ended higher while 48 issues remained unchanged on the DSE floor.
A total number of 167,417 trades were executed in the day’s trading session with a trading volume of 272.08 million shares and mutual fund units.
The market-cap on the premier bourse rose to Tk 3,631 billion on Tuesday, from Tk 3,611 billion in the previous session.
Beximco topped the turnover chart with shares worth Tk 641 million changing hands, closely followed by Beximco Pharma, Grameenphone, Orion Pharma and LafargeHolcim.
Express Insurance was the day’s best performer, posting a gain of 50 per cent for the second trading session of debut trading while Dhaka Dyeing was the worst loser, losing 10 per cent.
The Chittagong Stock Exchange also went up with its All Shares Price Index (CASPI)—advancing 58 points to close at 13,646 and the Selective Categories Index - CSCX –gaining 40 points to finish at 8,249.
Of the issues traded, 111 gained, 111 declined and 46 remained unchanged on the CSE.
The port city bourse traded 11.38 million shares and mutual fund units with turnover value of Tk 248 million.