Dhaka, Bangladesh
Stocks inch up after bumpy ride

Stocks inch up after bumpy ride

News Report Stocks inched higher on Thursday, after remaining down in the past three sessions, as investors mostly followed cautious stance. Market analysts said most of the investors followed cautious stance while some were busy with rebalancing portfolio amid ongoing corporate declarations, taking the index in the flat zone. The market opened on positive note and the key index rose about 37 points within first 30 minutes of trading. But rest of the session went down amid volatility. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.60 points or 0.04 per cent to finish at 5,655. Two other indices also edged higher. The DS30 index, comprising blue chips, rose 18.17 points to finish at 2023 and the DSES (Shariah) index gained 0.63 point to settle at 1,292. Turnover, another important indicator of the market, fell to Tk 5.85 billion, which was 17 per cent lower than the previous day’s turnover of Tk 7.08 billion. A total number of 130,804 trades were executed in the day’s trading session with trading volume of 104.53 million shares and mutual fund units. The market-cap of the DSE increased to Tk 4,196 billion, from Tk 4,180 billion in the previous day. The losers took a strong lead over the gainers as out of 347 issues traded, 231 closed lower, 77 ended higher and 39 issues remained unchanged on the DSE trading floor. BATBC topped the turnover list with shares worth Tk 537 million changing hands, closely followed by Brac Bank, United Power, Dutch-Bangla Bank and Monno Ceramic Industries. Prime Finance First Mutual Fund was also the day’s best performer, posting a gain of 8.42 per cent following the news that ICB Asset Management Company decided to extent the tenure of the mutual fund 10 years more up to March 14, 2029. Reliance Insurance was the day’s worst loser, losing 10.33 per cent following its price adjustment after record date. However, the port city bourse, Chittagong Stock Exchange edged lower with the CSE All Share Price Index – CASPI – shedding 12 points to settle at 17,351 while the Selective Categories Index – CSCX –losing 6.50 points to finish at 10,514. Here too, the losers beat the gainers as 171 issues closed lower, 52 ended higher and 27 remained unchanged. The port city bourse traded 5.10 million shares and mutual fund units worth Tk 215 million in turnover. Earlier, stocks closed on Wednesday with down-trend mainly due to price fall in large-cap securities despite higher transactions. The falling major sectors were insurance, ceramics and textile. A total of 184 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 29.22 points down at 5,653.21. The Shariah DSES and the blue-chip DS30 also followed the same trend with 11.73 points down at 1,292.20 and with 8.26 points down at 2,005.49. The daily trade rose to 14.09 crore shares from Tuesday’s 11.31 crore shares and the day’s trade value at DSE increased to Tk 708.13 crore from Tk 621.99 crore of the previous session. At DSE, out of the day’s 346 securities, prices of 71 securities closed higher against 242 losing issues. The major gaining issues were Dutch Bangla Bank, KAY&QUE, Uttara Bank, Libra Infusion and VAMLBDMF1. The major losing companies were Republic, Monno Ceramics, Safko Spinning, NFML and Prime Insurance. Dutch Bangla Bank topped the turnover list followed by BATBC, UPGDCL, BRAC Bank and Uttara Bank. The Chittagong Stock Exchange (CSE) closed the day of the week with down-trend with its major CASPI 57.95 points down at 17,363.48. At CSE, 252 issues were traded. Of those, 55 closed higher and 172 closed lower when 61.31 lakh shares worth Tk 20.10 crore changed hands. On Tuesday stock witnessed flat with falling trend of most of the major price indices at Dhaka and Chittagong Stock Exchanges despite higher transactions. The daily trade value increased to Tk 521.99 crore from Monday’s Tk 506.84 crore and the volume rose to 11.31 crore shares from 11.30 crore shares of the week’s closing session. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 8.39 points down at 5,682.44. The Shariah DSES also followed the same trend with 5.07 points down at 1,303.93. But the blue-chip DS30 closed the day with 14.88 points down at 2,013.75. At DSE, out of the day’s 345 securities, prices of 60 securities closed higher against 261 losing issues. The major gaining issues were BATBC, Dutch Bangla Bank, Marico, RECKITTBEN and Eastern Insurance. The major losing issues were Monno Ceramics, Zeal Bangla, ICBEPMF1S1, Monno Stafflers and Emerald Oil. BATBC topped the turnover list followed by Monno Ceramics, UPGDCL, Dutch Bangla Bank and BSCCL. The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 47.43 points up at 17,421.43. At CSE, issues traded 261 issues. Of those, 44 closed higher and 197 closed lower when 47.17 crore shares worth Tk 19.11 crore changed hands. On Monday, stocks closed with down-trend mainly due to price fall in large-cap securities. The falling major sectors were bank and insurance. A total of 161 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 19.24 points down at 5,690.82. The Shariah DSES and the blue-chip DS30 also followed the same trend with 2.05 points down at 1,308.99 and with 2.46 points down at 1,998.87. The daily trade rose to 11.29 crore shares from Sunday’s 10.06 crore shares and the day’s trade value at DSE increased to Tk 506.84 crore from Tk 462.14 crore of the previous session. At DSE, out of the day’s 346 securities, prices of 100 securities closed higher against 199 losing issues. The major gaining issues were Safko Spinning, Glaxo Smith, BD Auto Cars, ECABLES and Rangpur Foundry. The major losing companies were Dutch Bangla Bank, Global Insurance, Agrani Insurance, Provati Insurance and Asian Insurance. Monno Ceramics topped the turnover list followed by UPGDCL, Dutch Bangla Bank, Singer BD and LHBL. The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 8.45 points down at 17,468.86. At CSE, 248 issues were traded. Of those, 73 closed higher and 142 closed lower when 46.89 lakh shares worth Tk 15.52 crore changed hands. Earlier, stock markets opened the week on a positive note on Sunday, the first trading day of the week. The prices of most of the shares on both the bourses witnessed positive trend in early trading on the day as investors were showing their buying appetite on sector-wise shares. Monno Ceramic Industries was the most traded stocks till then with shares worth Tk 85 million changing hands, closely followed by United Power, Singer Bangladesh, Dutch-Bangla Bank and Provati Insurance. Of the issues traded till then, 226 advanced, 38 declined, and 37 remained unchanged on the DSE trading floor. The Chittagong Stock Exchange (CSE) also saw an upward trend till then with the CASPI gaining 60 points to stand at 17,456 points, also at 11:00am. The Selective Category Index (CSCX) also gained 38 points to stand at 10,575 points at that time. Of the issues traded till then, 67 gained, 11 declined, and 09 issues remained unchanged with Tk 45 million in turnover. (Inputs taken from agencies)

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