Stocks witness marginal gain

Staff Correspondent

6 April, 2021 12:00 AM printer

Stocks witness marginal gain

Stocks witnessed a marginal gain on Monday after high volatility, as investors remained cautious amid the first day of lockdown declared by the government to keep the corona virus pandemic at bay.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 88.49 points or 1.74 per cent to settle at 5,177.

The DSE Shariah Index (DSES) also advanced 16.56 points or 1.42 per cent to close at 1,182 and the DSE30 Index, comprising blue chips, gained 43.53 points or 2.29 per cent to finish at 1,944.

Turnover, a crucial indicator of the market, dropped to Tk 2.37 billion, which was 54.59 per cent lower than the previous day’s turnover of Tk 5.21 billion.

Out of 321 issues traded, 14 declined, 231 advanced and 76 issues remained unchanged on the DSE trading floor.

A total number of 56,450 trades were executed in the day’s trading session with a trading volume of 66.08 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 328 million changing hands, followed by Robi, Beximco Pharma, LafargeHolcim Bangladesh, Asia Pacific General Insurance Co and British American Tobacco bangladesh Company.

Appollo Ispat Complex was the day’s top gainer, posting a gain of 9.80 per cent, closely followed by Keya Cosmetics, ACI Formulations, Vanguard AML Rupali Bank Balanced Fund and CAPM IBBL Islamic Mutual Fund.

Shahjalal Islami Bank was the worst loser, losing 10.91 per cent, closely followed by Reliance Insurance, Envoy Textiles, United Insurance and ICB AMCL Third NRB Mutual Fund.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index – CASPI –gaining 250.25 points to settle at 14,964 and the Selective Categories Index – CSCX advancing 150.47 points to close at 9,028.

Of the issues traded, 27 declined, 122 advanced and 36 remained unchanged on the CSE.

The port city’s bourse traded 5.17 million shares and mutual fund units with a turnover value of Tk 160 million.