Stocks bounce back

Staff Correspondent

20 May, 2021 12:00 AM printer

Stocks bounce back

Dhaka Stock Exchange bounced back and made an improved turnover on Wednesday after losses in the last session, as investors increased their participation in trading.

Turnover, a crucial indicator of the market, stood at Tk 20.99 billion on the country’s premier bourse, in a further buck by 22.06 per cent over previous day’s tally of Tk 17.19 billion.

DSEX, the benchmark index of the DSE, also rose 43.91 points or 0.75 per cent to settle at 5,873.

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 6.21 points or 0.28 per cent to finish at 2,201 and the DSE Shariah Index (DSES) rose 1.27 points or 0.09 per cent to close at 1,282.

Out of 364 issues traded, 176 declined, 132 advanced and 56 issues remained unchanged on the DSE trading floor.

A total number of 266,826 trades were executed in the day’s trading session with a trading volume of 720.47 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,957 billion on Wednesday, up from Tk 4,949 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.76 billion changing hands, followed by Prime Bank (Tk 820 million), LankaBangla Finance (Tk 633 million), Saif Powertec (Tk 502 million), NRB Commercial Bank (Tk 439 million) and British American Tobacco Bangladesh Company (Tk 437 million).

Premier Leasing & Finance was the day’s top gainer, posting a 10 per cent gain while Continental Insurance was the worst loser, losing 9.48 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 158 points to settle at 17,052 and the Selective Categories Index – CSCX gaining 96 points to close at 10,279.

Of the issues traded, 134 declined, 129 advanced and 34 issues remained unchanged on the CSE.

The port city’s bourse traded 58.42 million shares and mutual fund units with turnover value of Tk 1.28 billion.