Stocks bounce back

Staff Correspondent

29 September, 2020 12:00 AM printer

Stocks bounce back

Stocks at the country’s premiere bourse gained on Monday as optimistic investors showed their appetite on selective issues amid high expectations.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), surged 32 points or 0.64 per cent to settle at 5,003.

The DS30 index, comprising blue chips, went up by 21.82 points or 1.29 percent to finish at 1,712 and the DSE Shariah Index rose 9.46 points or 0.84 percent to close at 1,131.

Turnover fell to Tk 8.79 billion, which was 15 per cent lower than the previous session’s Tk 10.34 billion.

Out of 356 issues traded, 154 closed lower, 151 ended higher while 51 issues remained unchanged on the DSE trading floor.

A total number of 178,818 trades were executed in the day’s trading session with a trading volume of 353.95 million shares and mutual fund units.

The market-cap on the premier bourse jumped to Tk 3,978 billion on Monday, from Tk 3,952 billion in the previous session.

Beximco Pharma topped the turnover list with shares worth nearly Tk 511 million changing hands, closely followed by Beximco, City Bank, Brac Bank and Asia Pacific Insurance.

Anwar Galvanizing was the best performer, posting a gain of 10 per cent, closely followed by Bangladesh Export Import Company, Samorita Hospital, Legacy Footwear, Fine Foods and SEML Lecture Equity Management Fund.

United Insurance was the worst loser, losing 8.67 per cent, closely followed by C & A Textiles, Takaful Islami Insurance, Delta Life Insurance Company, Ring Shine Textiles and Familytex (BD).

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—soaring 112 points to close at 14,299 while the Selective Categories Index – CSCX rising 75 points to close at 8,582.

Of the issues traded, 133 advanced, 104 declined and 42 remained unchanged on the CSE.

The port city bourse traded 12.62 million shares and mutual fund units with turnover value of Tk 201 million.