Stocks witness marginal gain

Staff Correspondent

9 March, 2021 12:00 AM printer

Stocks witness marginal gain

Stocks witnessed an upward trend on Monday as major indices of the both Dhaka and Chittagong stock exchanges closed the session amid a rising trend with active participation of investors.

DSEX, the prime index of the DSE, went up by 20.08 points or 0.36 per cent to settle at more than one month high at 5,604.

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 11.95 points or 0.55 per cent to finish at 2,168 and the DSE Shariah Index (DSES) rose 8.74 points or 0.69 per cent to close at 1,265.

Turnover, a crucial indicator of the market, however, fell to Tk 7.21 billion, which was nearly 18 per cent lower than the previous day’s turnover of Tk8.76 billion.

Gainers took a modest lead over the losers, as out of 347 issues traded, 129 advanced, 107 declined 111 remained unchanged on the DSE trading floor.

A total number of 148,350 trades were executed in the day’s trading session with a trading volume of 181.75 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,839 billion on Monday, up from Tk 4,809 billion in the previous session.

British American Tobacco Bangladesh topped the turnover chart for the second straight session with shares worth about Tk 661 million changing hands, followed by Sumit Power, LankaBangla Finance, LafargeHolcim and BD Finance.

Shinepukur Ceramic was the day’s top gainer, posting a gain of 8.44 per cent while Libra Infusion was the worst loser, losing 7.21 per cent.

The Chittagong Stock Exchange (CSE) also kept gaining with the CSE All Share Price Index – CASPI -rising 61 points to settle at 16,262 and the Selective Categories Index – CSCX advancing 37 points to close at 9,808.

Of the issues traded, 92 declined, 77 advanced and 61 remained unchanged on the CSE.