Stocks rebound amid low turnover

Staff Correspondent

20 January, 2021 12:00 AM printer

Stocks rebound amid low turnover

Stocks rebounded on Tuesday, after snapping a two-day losing streak, as bargain hunters showed their appetite on sector specific issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 19.08 points or 0.32 per cent to settle at 5,820.

The DSE 30 Index comprising blue chips also advanced 8.36 points or 0.38 per cent to finish at 2,203. However, the DSE Shariah Index fell 2.11 points or 0.16 per cent to close at 1,291.

Turnover plunged to one-month low to Tk 12.90 billion on the country’s premier bourse, slumping by 15 per cent over the previous day’s mark of Tk 15.19 billion.

Out of 357 issues traded, 181 advanced, 106 declined and 70 remained unchanged on the DSE trading floor.

Robi Axiata topped the turnover chart with 26.36 million shares worth Tk 1.46 billion changing hands, closely followed by Beximco, Summit Power, Beximco Pharmaceuticals and LankaBangla Finance.

Agrani Insurance was the day’s best performer, posting a gain of 10 per cent, closely followed by Green Delta Insurance, Pragati Insurance, Provati Insurance Company, Dhaka Insurance, Islami Insurance Bangladesh and United Insurance.

Padma Oil Company was the worst loser, losing 7.83 per cent, closely followed by Delta Spinners, National Bank, Dhaka Electric Supply Company, Zeal Bangla Sugar Mills, United Commercial Bank and First Finance.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index – CASPI –advancing by 29 points to settle at 16,896 and the Selective Categories Index – CSCX gaining 16 points to close at 10,193.

Of the issues traded, 129 advanced, 90 declined and 59 remained unchanged on the CSE.

The port city’s bourse traded 24.29 million shares and mutual fund units with turnover value of Tk 868 million.