Stocks bounce back

Staff Correspondent

29 April, 2021 12:00 AM printer

Stocks bounce back

Stocks bounced back and made an improved turnover on Wednesday after losses in last session, as bargain hunters showed buying appetite riding on regulatory moves.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 38.95 points or 0.72 per cent to settle at 5,461.

Two other indices also ended marginally higher. The DS30 index, comprising blue chips, advanced 19.88 points or 0.95 per cent to close at 2,112 and the Shariah Index (DSES) rose 3.58 points or 0.29 per cent to finish at 1,249.

Turnover on the DSE rose to Tk 9.40 billion, which was 14.07 per cent higher than the previous day’s turnover of Tk 8.24 billion.

Out of 350 issues traded, 170 advanced, 109 declined and 71 issues remained unchanged on the DSE trading floor.

A total number of 147,860 trades were executed in the day’s trading session with a trading volume of 229.52 million shares and mutual fund units.

Beximco -- the flagship company of Beximco Group -- continued to dominate the turnover chart with shares worth about Tk 899 million changing hands, followed by LafargeHolcim Bangladesh (Tk 634 million), British American Tobacco bangladesh Company (Tk 318 million), Beximco Pharma (Tk 236 million) and LankaBangla Finance (Tk 203 million).

Associated Oxygen was the day’s top gainer, posting a 9.94 per cent gain while Fareast Finance & Investment was the worst loser, losing 5.56 per cent.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI –gaining 128 points to settle at 15,790 and the Selective Categories Index – CSCX advancing 78 points to close at 9,526.

Of the issues traded, 119 advanced, 79 declined and 40 remained unchanged on the CSE.

The port city’s bourse traded 12.19 million shares and mutual fund units with turnover value of Tk 398 million.