Stocks rise amid rising turnover

Staff Correspondent

6 May, 2021 12:00 AM printer

Stocks opened higher on Wednesday as bargain hunters continued their buying appetite riding on regulatory initiatives and better than expected corporate declarations.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 53.35 points or 0.96 per cent to stand at 5,588 points.

Two other indices also closed higher with the DS30 index, comprising blue chips, gained 13.39 points or 0.63 per cent to reach at 2,132 points and the Shariah Index (DSES) advanced 0.69 points or 0.06 per cent to stand at 1,249 points.

Turnover on the DSE rose to Tk 13.99 billion, which was 3.13 per cent higher than the previous day’s turnover of Tk 13.56 billion.

Out of 357 issues traded, 203 advanced, 100 declined and 54 issues remained unchanged on the DSE trading floor.

A total number of 199,679 trades were executed in the day’s trading session with a trading volume of 453.32 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group- was the most traded stock till then with shares worth Tk 1.48 billion changing hands, followed by LankaBangla Finance, National Feed Mills, Robi, Pioneer Insurance Company and Sandhani Life Insurance Company.

Metro Spinning was the day’s top gainer, posting a 10 per cent gain, while Dhaka Insurance was the worst loser, losing 7.89 per cent.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI –gaining 153 points to settle at 16,145 and the Selective Categories Index – CSCX advancing 93 points to close at 9,738.

Of the issues traded, 159 advanced, 84 declined and 28 remained unchanged on the CSE.