Stocks bounce back

Staff Correspondent

10 December, 2020 12:00 AM printer

Stocks bounce back

Dhaka Stock Exchange bounced back and made an improved turnover on Wednesday after losses in the last session, as bargain hunters showed their buying binge on sector-wise issues amid positive expectation.

DSEX, the key index of the Dhaka Stock Exchange, went up by 20.08 points or 0.39 per cent to settle at 5,069 points.

The DS30 index, comprising blue chips, advanced 6.87 points or 0.39 percent to finish at 1,767 points and the DSE Shariah Index gained 5.19 points or 0.45 percent to close at 1,163 points.

Turnover stood at Tk 8.25 billion, which was nearly 15 per cent higher than the previous day’s turnover of Tk 7.19 billion.

Out of 355 issues traded, 147 ended higher, 119 lower and 89 issues remained unchanged on the DSE trading floor.

A total number of 165,408 trades were executed in the day’s trading session with a trading volume of 323.09 million shares and mutual fund units.

The market capitalisation of DSE rose to Tk 4,062 billion on Wednesday, from Tk 4048 billion in the previous day.

Beximco Pharma dominated the turnover chart with 4.20 million shares worth Tk 594 million changing hands, closely followed by Beximco, Rupali Insurance, IFIC Bank and Republic Insurance.

Saif Powertec was the day’s best performer, posting a gain of 10 per cent while Power Grid Company of Bangladesh was the worst loser, losing 3.79 per cent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—gaining 58 points to close at 14,531 while the Selective Categories Index – CSCX advancing 32 points to close at 8,746.

Of the issues traded, 132 advanced, 88 declined and 51 remained unchanged on the CSE.

The port city bourse traded 14.86 million shares and mutual fund units with turnover value of Tk 314 million.