Stocks bounced back on Wednesday, after a single-day break, backed by institutional investors’ support.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,138, gaining 13.76 points or 0.26 per cent, after losing more than 35 points in the previous day.
Market analysts said some institutional investors were active on sector specific shares based on earnings declarations.
Meanwhile, the central bank on Wednesday unveiled an accommodative but cautious monetary policy for this fiscal year (FY 2019-20) aiming to achieve maximum growth with curbing inflationary pressures on the economy.
Two other indices lashed higher. The DS30 index, comprising blue chips, advanced 0.99 point to finish at 1,827 and the DSES (Shariah) index gained 4.0 points to settle at 1,181.
Turnover, another important indicator of the market, stood at Tk 4.47 billion, which was 4.0 per cent higher than the previous day’s turnover of Tk 4.30 billion.
A total number of 126,031 trades were executed in the day’s trading session with trading volume of 139.38 million shares and mutual fund units.
The market-cap of the DSE also advanced to Tk 3,834 billion on Wednesday, from Tk 3,824 billion in the previous day.
The losers took a strong lead over the gainers as out of 353 issues traded, 197 closed lower, 120 higher and 36 issues remained unchanged on the DSE trading floor.
Monno Ceramic topped the turnover chart with shares worth Tk161 million changing hands.
The other turnover leaders were Fortune Shoes, United Power, Bangladesh Shipping Corporation and Sinobangla Industries.
Monno Ceramic was the day’s best performer, posting a gain of 9.93 per cent while Sunlife Insurance was the day’s worst loser, slumping by 26.80 per cent following its no dividend declaration.
The port city bourse, the Chittagong Stock Exchange, also finished marginally higher with the CSE All Share Price Index – CASPI – advancing 49 points to settle at 15,725 while the Selective Categories Index – CSCX –gaining 33 points to finish at 9,559.
Here too, the losers beat the gainers as 167 issues ended lower, 96 higher and 22 remained unchanged.
The port city bourse traded 7.22 million shares and mutual fund units worth nearly Tk 173 million in turnover.
© 2017 - All Rights with The Financial Express