Stocks witness marginal gain

Staff Correspondent

7 January, 2021 12:00 AM printer

Stocks witness marginal gain

Dhaka Stock Exchange witnessed marginal gain on Wednesday, as investors are diverting their funds from the money market to the equity market.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 30.49 points or 0.54 per cent to settle at 5,640 points.

The DSE 30 Index, comprising blue chips, also gained 13.18 points or 0.64 per cent to finish at 2,072 points. However, the DSE Shariah Index (DSES) surged by 2.53 points or 0.19 per cent to close at 1,281 points.

Out of 381 issues traded, 120 closed green, 171 in the red and 70 remained unchanged on the DSE trading floor.

Turnover, a crucial indicator of the market, stood at Tk 15.77 billion on the country’s premier bourse, declining further by 38 per cent over the previous day’s mark of Tk 25.47 billion.

The total market-cap of DSE surged to Tk 4,094 billion on Wednesday.

A total number of 252,351 trades were executed in the day’s trading session with a trading volume of 552.93 million shares and mutual fund units.

Bangladesh Export Import Company continued to dominate the turnover chart with 23.98 million shares worth Tk 1.53 billion changing hands, followed by Beximco Pharmaceuticals, LankaBangla Finance, Robi Axiata, IFIC Bank and Power Grid Company of Bangladesh.

AFC Agro Biotech was the day’s best performer, posting a gain of 9.94 per cent, while Green Delta Mutual Fund was the worst loser, losing 8.51 per cent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—gaining 38.12 points to close at 16,294.43 while the Selective Categories Index – CSCX rising 23.94 points to close at 9,827.

Of the issues traded, 134 declined, 95 advanced and 40 remained unchanged on the CSE.

The port city bourse traded 47.60 million shares and mutual fund units with turnover value of more than Tk 1088 million.