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Stocks edge higher

  • Staff Correspondent
  • 7 October, 2021 12:00 AM
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Stocks edge higher

Stocks ended marginally higher on Wednesday after choppy trading as investors were active on both sides of the trading fence ahead of corporate declarations.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 19.66 points or 0.26 per cent to settle at 7,351 points after adding 3.85 points in the previous day.

The two other indices also edged higher. The DS30 index, comprising blue chips advanced 9.69 points to finish at 2,787 and the DSE Shariah Index (DSES) rose 5.82 points or to close at 1,600.

Turnover, another important indicator of the market, also rose to Tk 26.81 billion on the prime bourse, which was 14 per cent higher than the previous day’s tally of Tk 23.52 billion. Losers took a strong lead over the gainers, as out of 374 issues traded, 231 closed lower, 112 higher and 31 remained unchanged on the DSE trading floor.

A total of 334,220 trades were executed in the day’s trading session with a trading volume of 545.49 million shares and mutual fund units.

LafargeHolcim Bangladesh, which saw a 2.18 per cent correction after the recent rally, topped the day’s turnover chart with shares of Tk 1.74 billion changing hands, closely followed by Orion Pharma, Beximco, Power Grid Company and Paramount Textile.

The state-run Power Grid Company was the day’s best performer, posting a gain of 9.95 per cent, closely followed by Advent Pharma Limited, Paramount Textile Limited, Coppertech Industries Limited, MJL Bangladesh Limited, Dhaka Electric Supply Company Ltd, Provati Insurance Company Limited, Summit Alliance Port Limited, Matin Spinning Mills Ltd and Titas Gas Transmission & Dist. Co. Ltd.

Aman Feed was the day’s worst loser, plunging by 8.95 per cent, closely followed by Desh Garmants Ltd, Jute Spinners Ltd, Shurwid Industries Limited, Monno Ceramic Industries Ltd, Zeal Bangla Sugar Mills Ltd, Shyampur Sugar Mills Ltd, Global Insurance Company Ltd, Bangladesh National Insurance Company Limited and Ambee Pharmaceuticals Ltd.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI –gaining 87 points to settle at 21,520 and the Selective Categories Index – CSCX – rising 53 points to close at 12,926.