Tuesday, 28 March, 2023

Stocks extend gaining streak

  • Staff Correspondent
  • 11 November, 2021 12:00 AM
  • Print news
Stocks extend gaining streak

Stocks extended the winning streak for the second straight session on Wednesday, as buoyant investors went for buying on major sector shares.

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), jumped 114.09 points or 1.66 percent to settle at 6,982.

Two other indices also ended higher with the DS30 index, comprising blue chips, rose 44.71 points or 1.71 percent to finish at 2,660 and the DSE Shariah Index gained 24.09 points or 1.66 percent to close at 1,478.

Turnover stood at Tk 11.64 billion on the country’s premier bourse, which was 15.50 percent higher than the previous day’s six months lowest turnover of Tk 10.08 billion.

Out of 375 issues traded, 301 ended higher and 43 lower while 31 remained unchanged on the DSE trading floor.

A total number of 171,638 trades were executed in the day’s trading session with a trading volume of 242.31 million shares and mutual fund units.

The market capitalisation of the DSE also rose to Tk 5,560 billion on Wednesday, up from the previous day’s mark of Tk 5,491 billion.

Beximco ¬ – the flagship company of Beximco Group – topped the turnover chart with shares worth Tk 1.45 billion changing hands, followed by Orion Pharma (Tk 611 million), LafargeHolcim (Tk 466 million), Beximco Pharma (Tk 316 million) and IFIC Bank (Tk 263 million).

Newly-listed Sena Kalayan was the day’s best performer, posting a gain of 9.77 percent, closely followed by Islamic Finance and Investment Ltd, Advent Pharma Limited, Dominage Steel Building Systems Limited, Alif Manufacturing Company Ltd, Aman Feed Limited, Union Capital Limited, ADN Telecom Limited, Delta Spinners Ltd and Far Chemical Industries Limited.

Doreen Power was the worst loser, losing 7.62 percent, closely followed by Hamid Fabrics Limited, Eastern Insurance Company Ltd, Eastern Cables Ltd, Fortune Shoes Limited, ICB AMCL Sonali Bank Limited 1st Mutual Fund, Meghna Condensed Milk Industries Ltd, Padma Islami Life Insurance Limited, Pioneer Insurance Company Ltd and GBB Power Ltd.

The Chittagong Stock Exchange also ended sharply higher with its All Shares Price Index (CASPI)—soaring 336 points to close at 20,434 while the Selective Categories Index – CSCX – rising 202 points to close at 12,278.

Of the issues traded, 228 advanced, 30 declined and 24 issues remained unchanged on the CSE.

The port city bourse traded 9.99 million shares and mutual fund units with a turnover value of Tk 343 million.