Stocks open new year on positive note

Staff Correspondent

4 January, 2021 12:00 AM printer

Stocks open new year on positive note

Stocks on Sunday soared with the core index of Dhaka Stock Exchange (DSE) exceeding 5,600-mark, as investors reacted positively to the series of market supportive measures of the securities regulator.

DSEX, the prime index of the DSE, soared 216.89 points or 4.01 per cent to settle at 5,618 points.

The DSE 30 Index comprising blue chips jumped 114 points or 5.86 per cent to finish at 2,078 points and the DSE Shariah Index (DSES) soared 57.41 points or 4.62 per cent to close at 1,299 points.

Turnover, a crucial indicator of the market, stood at Taka 19.25 billion on the country’s premier bourse, climbing further by 25 per cent over the previous day’s mark of Taka 15.43 billion.

Out of 361 issues traded, 253 closed green, 58 in the red and 50 remained unchanged on the DSE trading floor.

Beximco Pharma topped the turnover chart with 9.62 million shares worth Taka 1.98 billion changing hands, followed by IFIC Bank, Beximco, LafargeHolcim and LankaBangla Finance.

Beximco was the day’s best performer, posting a gain of 10 per cent, closely followed by International Leasing & Financial Services, Islamic Finance & Investment, SAIF Powertec, Bangladesh Submarine Cable Company and Beximco Pharmaceuticals. 

Rahima Food was the worst loser, losing 7.18 per cent, closely followed by Daffodil Computers, Eastern Insurance Company, Imam Button Industries, Aman Cotton Fibrous and Dominage Steel Building Systems.

The Chittagong Stock Exchange (CSE) also ended the bullish note with the CSE All Share Price Index – CASPI –soaring 672 points to settle at 16,265 and the Selective Categories Index – CSCX advancing 406 points to close at 9,810.

Of the issues traded, 208 advanced, 42 declined and 33 remained unchanged on the CSE.

The port city’s bourse traded 28.57 million shares and mutual fund units with a turnover value of Taka 673 million.