Stocks witness marginal gain

Staff Correspondent

26 November, 2020 12:00 AM printer

Stocks witness marginal gain

Stocks witnessed marginal gain on Wednesday as bargain hunters continued their buying binge on insurance sector issues.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 28.68 points or 0.59 per cent to settle at 4,861.

The DS30 index, comprising blue chips, gained 7.24 points or 0.43 percent to finish at 1,681 points and the DSE Shariah Index advanced 4.41 points or 0.4 percent to close at 1,117 points.

The daily trade turnover on the DSE, however, dropped to Tk 6.02 billion, which was 10 per cent lower than the previous day’s turnover of Tk 6.71 billion.

Out of 342 issues traded, 142 closed higher, 109 lower and 91 issues remained unchanged on the DSE trading floor.

A total number of 140,259 trades were executed in the day’s trading session with a trading volume of 258.29 million shares and mutual fund units.

The DSE market capitalisation also rose to Tk 3904 billion on Wednesday, from Tk 3893 billion in the previous day.

The insurance sector companies continued to dominate the turnover chart Nitol Insurance topped the turn over list with 3.67 million shares worth Tk 248 million changing hands, followed by Continental Insurance, Pioneer Insurance, Northern Insurance and Asia Pacific Insurance.

Dragon Sweater was the day’s best performer, posting a gain of 10 per cent, closely followed by Sonar Bangla Insurance, Nitol Insurance Co, Prime Insurance Company, Green Delta Insurance and Reliance Insurance.

Baraka Power was the worst loser, losing 9.33 per cent, closely followed by SEML FBLSL Growth Fund, Prime Finance First Mutual Fund, ICB AMCL Third NRB Mutual Fund, AIBL 1st Islamic Mutual Fund and Vanguard AML BD Finance Mutual Fund One.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—advancing 50 points to close at 13,921 while the Selective Categories Index – CSCX gaining 28 points to close at 8,383.

Of the issues traded, 106 advanced, 80 declined and 54 remained unchanged on the CSE.

The port city bourse traded 7.26 million shares and mutual fund units with turnover value of more than Tk 127 million.