Stocks start week on positive note

Sun Online Desk

6th September, 2020 11:50:09 printer

Stocks start week on positive note

Dhaka Stock Exchange (DSE) started week with good vibes on Sunday as enthusiastic investors continued their buying binge on sector-wise issues riding on regulatory moves to restore discipline in the country’s capital market. 

DSEX, the key index of the DSE, surged by 20.74 points or 0.42 percent to settle at 4,948.57.

The DS30 index, comprising blue chips, went up by 1.42 points or 0.08 percent to finish at 1,716.84 and the DSE Shariah Index dropped by 0.79 points or 0.07 percent to close at 1,141.04.

Turnover stood at Tk 10.24 billion on the country’s prime bourse, which was 6 percent lower than the previous day’s turnover of Tk 10.94 billion.

Of the issues traded, 175 advanced, 141 declined and 34 issues remained unchanged on the DSE floor.

A total number of 290,065 trades were executed in the day’s trading session with a trading volume of 354.60 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,730 billion on Sunday, from Tk 3,725 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Orion Pharma topped the turnover chart with shares worth Tk 611 million changing hands, followed by Beximco Pharma, Brac Bank, Beximco and Delta Brac Housing and Finance.

SS Steel was the day’s best performer, posting a gain of 10 per cent, followed by GPH Ispat, Shasha Denims, Zahintex Industries, Ring Shine Textiles and Information Services Network.

Emerald Oil Industries was the worst loser, losing 7.40 per cent, followed by United Airways (BD), Renwick Jajneswar & Co (Bd), Legacy Footwear, Global Heavy Chemicals and MIDAS Financing.

The Chittagong Stock Exchange also edged higher with its All Shares Price Index (CASPI)—gaining 47 points to close at 14,113.

Of the issues traded, 142 gained, 93 declined and 27 remained unchanged on the CSE.

The port city bourse traded 13.63 million shares and mutual fund units with turnover value of Tk 281 million.