Dhaka, Bangladesh
Bourses back to green again

Bourses back to green again

News Report Stocks snapped a two-day losing streak on Thursday as optimistic investors went on buying binge on large-cap shares. At the end of Thursday’s session the prime index of the Dhaka Stock Exchange (DSE) DSEX settled at 5,811, gaining 25.91 points or 0.45 per cent over the previous day. The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 3.51 points to finish at 2,026 and the DSES (Shariah) index rose 11.36 points to settle at 1,323. Turnover, another important indicator of the market, stood at Tk 7.73 billion, which was 0.92 per cent higher than the previous day’s turnover of Tk 7.66 billion. A total number of 166,126 trades were executed in the day’s trading session with trading volume of 161.76 million shares and mutual fund units. The market-cap of the DSE increased to Tk 4,211 billion which was Tk 4,187 billion in the previous day. The gainers took a marginal lead over the losers as out of 346 issues traded, 161 closed higher, 145 ended lower and 40 issues remained unchanged on the DSE trading floor. United Power topped the turnover chart with 1.86 million shares worth Tk 760 million changing hands, followed by Bangladesh Submarine Cable Company, Legacy Footwear, Berger Paints and Sonar Bangla Insurance. The port city bourse Chittagong Stock Exchange (CSE) also backed to the green with the CSE All Share Price Index – CASPI – gaining 62 points to settle at 17,781 while the Selective Categories Index – CSCX –advancing 39 points to finish at 10,758. Here too, the gainers beat the losers as 124 issues closed higher, 118 lower and 33 remained unchanged. The port city bourse traded 8.43 million shares and mutual fund units worth Tk 268 million in turnover. Earlier, stocks extended their losing streak for the second day in a row on Wednesday as risk-averse investors opted for profit-motivated sell-offs. Despite the market close lower, Genex Infosys made a flying trade debut on Wednesday as its share price soared 465 per cent or Tk 46.5 each to close at Tk 56.50 on Dhaka Stock Exchange (DSE). Its issue price was Tk 10 each. Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note. But failed to maintain the trend as the session progressed. At the end of the session, DSEX, the prime index of the DSE, settled at 5,786, losing 14.23 points or 0.24 per cent over the previous day. The DSES (Shariah) index also lost 5.03 points to settle at 1,312 points. However, the DS30 index, comprising blue chips, advanced 1.35 points to finish at 2,022. Turnover, another important indicator of the market, stood at Tk 7.66 billion, which was 8.50 per cent higher than the previous day’s turnover of Tk 7.06 billion. The losers took a strong lead over the gainers, as out of 346 issues traded, 185 closed lower, 114 ended higher and 47 remained unchanged on the DSE trading floor. A total number of 165,932 trades were executed in the day’s trading session with trading volume of 167.92 million shares and mutual fund units. The market-cap of the DSE increased to Tk 4,187 billion which was Tk 4,178 billion in the previous day. United Power topped the day’s turnover chart with 1.89 million shares worth Tk 737 million changing hands, closely followed by newly listed Genex Infosys, Sonar Bangla Insurance, Paramount textile and Bangladesh Submarine Cable Company. Insurance sector dominated the gainers chart with Eastern Insurance was the day’s best performer, posting a gain of 10 per cent while Meghna Pet Industries was the day’s worst loser, shedding 5.58 per cent. The port city bourse also closed in the red with the CSE All Share Price Index – CASPI – losing 16 points to settle at 17,718 while the Selective Categories Index – CSCX –shedding 10 points to finish at 10,718. Here too, the losers beat the gainers as 151 issues ended lower, 97 higher and 29 remained unchanged. The port city bourse traded 10.69 million shares and mutual fund units worth more than Tk 360 million in turnover. On the opening day of the week on Sunday, stocks failed to keep the positive trend at midday as risk-averse investors started selling shares on sector-wise issues. Following the previous week’s sharp correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with rising trading activities. Within first 15 minutes of trading, DSEX, the key index of the country’s prime bourse advanced more than 16 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 35 points at 10:45am. After 30 minutes of trading, the DSEX gained more than 14 points while the CASPI of Chattogram bourse advanced 15 points at 11:00am. However, after 90 minutes of trading, the DSEX fell more than 15 points while the CASPI lost 69 points at 12:00 noon when the report was filed. The DSEX stood at 5,805 points, shedding 15.95 points or 0.27 per cent at 12:00 noon. The DS30 index, comprising blue chips, also fell 8.26 points to reach at 1999 points. The DSE Shariah Index (DSES) lost 2.45 points to stand at 1,308 points till then. Turnover, the crucial indicator of the market, stood at Tk 4.06 billion at 12:00 noon. Bangladesh Submarine Cable Company was the most traded stocks till then with shares worth Tk 580 million changing hands, closely followed by, United Power, Khulna Power, GP, and Eastland Insurance. Of the issues traded till then, 145 advanced, 154 declined, and 39 issues remained unchanged on the DSE trading floor. The Chittagong Stock Exchange also saw a negative trend till then the CASPI of port city’s bourse losing 69 points to stand at 17,821 points, also at 12:00 noon. The Selective Categories Index of the port city bourse also fell 41 points to reach at 10,776 points till then. Of the issues traded till then, 61 gained, 113 declined, and 20 issues remained unchanged with Tk 163 million in turnover. (Inputs taken from agencies)

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