Stocks gain for second day

Staff Correspondent

26 May, 2021 12:00 AM printer

Stocks gain for second day

Stocks in the country’s premiere bourse gained for the second consecutive sessions on Tuesday as enthusiastic investors continued to put fresh stakes on stocks amid high hopes.

Turnover, a crucial indicator of the market, stood at Tk 20.08 billion on the country’s premier bourse, climbing further by 10.32 per cent over the previous day’s mark of Tk 18.20 billion.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), also went up by 41.88 points or 0.72 per cent to settle at 5,884.

The DSE Shariah Index (DSES) saw a fractional gain of 0.68 points or 0.05 per cent to close at 1270 while the DSE 30 Index, comprising blue chips, fell 2.70 points or 0.12 per cent to finish at 2,170.

Gainers took a modest lead over the losers, as out of 360 issues traded, 164 advanced, 150 declined and 46 remained unchanged on the DSE trading floor.

A total number of 284,524 trades were executed in the day’s trading session with a trading volume of 664.53 million shares and mutual fund units.

The market cap of DSE also rose to Tk 4,985 billion on Tuesday, up from Tk 4,964 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.41 billion changing hands, followed by LankaBangla  Finance (Tk 530 million), NRB Commercial Bank (Tk 444 million), Prime Bank (Tk 433 million) and Green Delta Insurance  (Tk 361 million).

AB Bank was the day’s top gainer hitting the upper limit circuit breaker with a 10 per cent rise, while Aramit Cement was the worst loser, losing 5.86 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 134 points to settle at 17,070 and the Selective Categories Index – CSCX rising 82 points to close at 10,286.

Of the issues traded, 146 advanced, 119 declined and 29 issues remained unchanged on the CSE.

The port city’s bourse traded 54.17 million shares and mutual fund units with a turnover value of Tk 1.49 billion.