DSE, CSE edge higher for second day

FE Online Report | Published: October 09, 2018 17:29:40 | Updated: October 10, 2018 15:51:59


Stocks ended marginally higher on Tuesday, extending the gaining streak for the second day in a row as some investors continued their buying appetite on sector-wise sectors.

Brokers said a section of investors showed their buying spree while some booked profits on sector-wise stocks, taking the market in the green territory for the second day.

The market opened higher and the key index rose more than 59 points within first hour of trading. But rest of the session wiped out most of the early gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14.86 points or 0.27 points to settle at 5,455 points.

Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 19.24 points to finish at 1,928 and the DSE Shariah Index rose 13.95 points to close at 1,278.

Turnover, another important indicator of the market, remained same and total turnover on the DSE amounted to Tk 8.01 billion on DSE which was also Tk 8.01 billion in the previous day.

A total number of 144,003 trades were executed in the day’s trading session with trading volume of 160.32 million securities.

The market capitalisation of the DSE stood at Tk 3,918 billion on the day which was Tk 3,905 billion in the previous session.

The losers took a strong lead over the gainers as out of 338 issues traded, 195 closed lower, 101 ended higher and 42 issues remained unchanged on the DSE trading floor.

Khulna Power Company continued to dominate the DSE turnover chart with 6.30 million shares worth Tk 851 million changing hands.

The other turnover leaders were United Power, Olympic Industries, Summit Power and BBS Cables.

Meghna Cement was the day’s best performer, posting a gain of 10 per cent while Shympur Sugar Mills was the worst loser, losing 9.03 per cent.

The port city’s bourse, the Chittagong Stock Exchange (CSE), also ended higher with its CSE All Share Price Index – CASPI –advancing 66 points to settle at 16,841 and the Selective Categories Index - CSCX –gaining 43 points to finish at 10,202.

The losers beat gainers as 136 issues closed lower, 84 ended higher and 22 remained unchanged on the CSE.

The port city bourse traded 9.03 million shares and mutual fund units worth more than Tk 275 million in turnover.

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