Stocks go up

Staff Correspondent

28 May, 2021 12:00 AM printer

Stocks witnessed a marginal gain on Thursday as investors continued to make fresh bets on major sector stocks amid high expectations.

Turnover, a crucial indicator of the market, stood at Tk 23.69 billion on the country’s premier bourse, climbing further by 17.92 per cent over the previous day’s mark of Tk 20.09 billion.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), also went up by 101.03 points or 1.72 per cent to settle at 5,985.

The DSE Shariah Index (DSES) saw a gain of 14.41 points or 1.13 per cent to close at 1285 while the DSE 30 Index, comprising blue chips, surged 19.49 points or 0.89 per cent to finish at 2,189.

Gainers took a modest lead over the losers, as out of 364 issues traded, 163 advanced, 143 declined and 58 remained unchanged on the DSE trading floor.

A total number of 313,784 trades were executed in the day’s trading session with a trading volume of 890.72 million shares and mutual fund units.

The market cap of DSE also rose to Tk 5,027 billion on Thursday, up from Tk 4,985 billion in the previous session.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 960 million changing hands, followed by Prime Bank (Tk 691 million), IFIC (Tk 603 million), LankaBangla  Finance (Tk 567 million), Northern Islami Insurance (Tk 514 million) and Southeast Bank  (Tk 514 million).

Northern Islami Insurance was the day’s top gainer hitting the upper limit circuit breaker with a 9.98 per cent rise, while Shyampur Sugar Mills was the worst loser, losing 7 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 277 points to settle at 17,347 and the Selective Categories Index – CSCX rising 168 points to close at 10,454.

Of the issues traded, 140 advanced, 125 declined and 32 issues remained unchanged on the CSE.

The port city’s bourse traded 51.78 million shares and mutual fund units with a turnover value of Tk 1.04 billion.