Friday, 1 July, 2022

Stocks witness up

Stocks witness up

Stocks on Tuesday witnessed up, as investors continued to put fresh bets on low-priced lucrative issues, defeating worries of the seven-day strict-lockdown.

The stock market will remain shut during the countrywide strict lockdown beginning from Wednesday as banks will remain closed during the period.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 70.22 points or 1.35 per cent to settle at 5,258, after gaining more than 23 points in the previous day.

Two other indices also closed higher with the DSE30 Index, comprising blue chips, rose 36.82 points to finish at 1,997 and the DSE Shariah Index (DSES) soared 15.60 points to close at 1,198, reports BSS.

Turnover, a crucial indicator of the market, also rose to Taka 5.12 billion, which was 3.64 per cent higher than the previous day’s turnover of Taka 4.94 billion.

Gainers took a strong lead over the losers, as out of 347 issues traded, 228 advanced, 63 declined and 56 issues remained unchanged on the DSE trading floor.

Beximco – the flagship company of Beximco Group- was the most- traded stock with shares worth about Taka 409 million changing hands, followed by BD Finance, Robi, Central Insurance and Continental Insurance.

Dhaka Insurance was the day’s top gainer, posting a 9.97 per cent gain while Premier Bank was the worst loser, losing 15.55 per cent following its price adjustment after the record date.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –soaring 185 points to settle at 15,194 and the Selective Categories Index – CSCX rising 112 points to close at 9,167.

Of the issues traded, 124 advanced, 62 declined and 28 remained unchanged on the CSE.

The port city’s bourse traded 6.48 million shares and mutual fund units with a turnover value of Taka 256 million.