Stocks gain despite lockdown

Staff Correspondent

7 April, 2021 12:00 AM printer

Stocks gain despite lockdown

Stocks surged on Tuesday for the second straight session with increasing turnover amid countrywide lockdown.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 103.89 points or 2.01 per cent to settle at 5,281.

The DSE Shariah Index (DSES) also advanced 21.88 points or 1.85 per cent to close at 1,204 and the DSE30 Index, comprising blue chips, gained 43.60 points or 2.24 per cent to finish at 1,988.

Turnover, a crucial indicator of the market, added to Tk 5.08 billion, which was 114.88 per cent higher than the previous day’s turnover of Tk 2.37 billion.

Out of 346 issues traded, 15 declined, 240 advanced and 91 issues remained unchanged on the DSE trading floor.

A total number of 95,183 trades were executed in the day’s trading session with a trading volume of 144.62 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 443 million changing hands, followed by Robi, Asia Pacific General Insurance Co, LankaBangla Finance, Beximco Pharma and Paramount Insurance Company.

Islami Insurance Bangladesh was the day’s top gainer, posting a gain of 10 per cent, closely followed by Northern Islami Insurance, Bangladesh National Insurance Company, Federal Insurance Company and Continental Insurance.

Mercantile Bank was the worst loser, losing 12.03 per cent, closely followed by Bangladesh Industrial Fin. Co, ACI Formulations, ICB Islamic Bank and Southeast Bank 1st Mutual Fund.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index – CASPI –gaining 297.12 points to settle at 15,261 and the Selective Categories Index – CSCX advancing 178.89 points to close at 9,207.

Of the issues traded, 12 declined, 146 advanced and 30 remained unchanged on the CSE.

The port city’s bourse traded 39.10 million shares and mutual fund units with a turnover value of Tk 1.51 billion.