Stocks on gaining streak

Staff Correspondent

3 December, 2020 12:00 AM printer

Stocks on gaining streak

Stocks continued to gain for the two straight sessions on Wednesday as optimistic investors continued their buying spree on large-cap issues amid optimism.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 30.90 points or 0.63 per cent to settle at 4,934.

The DS30 index, comprising blue chips, advanced 9.47 points or 0.56 percent to finish at 1,704 points and the DSE Shariah Index rose 6.26 points or 0.56 percent to close at 1,126 points.

Turnover rose to Tk 8.41 billion, which was 27 per cent higher than the previous day’s turnover of Tk 6.63 billion.

Out of 355 issues traded, 153 ended higher, 106 closed lower while 96 issues remained unchanged on the DSE trading floor.

A total number of 170,887 trades were executed in the day’s trading session with a trading volume of 293.90 million shares and mutual fund units.

The market capitalisation of DSE rose to Tk 3,965 billion on Wednesday, from Tk 3,927 billion in the previous day.

Beximco topped the turnover list with 17.53 million shares worth Tk 448 million changing hands, closely followed by National Feed Mills, Beximco Pharma, Bangladesh Submarine Cable, and Nitol Insurance.

Summit Alliance Port was the day’s best performer, posting a gain of 9.92 per cent while ACI was the worst loser, losing 8.36 per cent following its price adjustment after the record date.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—gaining 67 points to close at 14,158 while the Selective Categories Index – CSCX rising 40 points to close at 8,527.

Of the issues traded, 109 advanced, 82 declined and 59 remained unchanged on the CSE.