Stocks maintain gaining streak

Staff Correspondent

8 March, 2021 12:00 AM printer

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Sunday also witnessed an upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism.

DSEX, the prime index of the DSE, went up by 68.52 points or 1.24 per cent to settle at 5,584.30.

The DSE 30 Index, comprising blue chips, and the DSE Shariah Index (DSES) also gained 43.37 points or 2.05 per cent to finish at 2,156.05 and 7.87 points or 0.63 per cent closing at 1,256.46.

Turnover, a crucial indicator of the market, also rose to two weeks high to Tk 8.76 billion, which was 24 per cent higher than the previous session’s turnover of Tk 7.07 billion.

However, losers took a modest lead over the gainers, as out of 355 issues traded, 133 declined, 122 advanced and 100 remained unchanged on the DSE trading floor.

British American Tobacco Bangladesh backed to the topped turnover chart with shares worth about Tk 1.16 billion changing hands. Shares of BATBC, the third largest market-cap stock, also jumped 7.49 per cent to close at Tk 598.50 each. It was followed by LafargeHolcim (Tk 749 million), Sumit Power (Tk 641 million), Robi (Tk 611 million) and Beximco (Tk 438 million).

LafargeHolcim was the day’s top gainer, posting a gain of 9.50 per cent, followed by BATBC (7.49 per cent), Summit Power (7.33 per cent), Dutch-Bangla Bank (6.35 per cent) and Berger Paints (6.12 per cent). Vanguard AML Rupali Bank Balanced Fund was the worst loser, losing 9.27 per cent, followed by C&A Textile, BIFC, International Leasing and Premier Leasing.

A total number of 159,270 trades were executed in the day’s trading session with a trading volume of 215.56 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,809 billion on Sunday, up from Tk 4,730 billion in the previous session.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -advancing 224.08 points to settle at 16,200.44 and the Selective Categories Index – CSCX gaining 137.75 points to close at 9770.93.

Of the issues traded, 95 advanced, 83 declined and 55 remained unchanged on the CSE. The port city’s bourse traded 1.25 crore shares and mutual fund units with a turnover value of Taka 62.22 crore.