Stocks end higher as bank share rise

FE Online Report | Published: October 08, 2018 16:22:08 | Updated: October 09, 2018 12:16:25


Stocks ended higher on Monday, snapping a two-day losing streak, as some investors were on buying shares, particularly bank issues.

Following the previous two days’ correction, the market opened on positive note which continued till end of the session with no sign of reversal.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,440, gaining 30.13 points or 0.55 per cent over the previous day.

Two other indices also ended marginally higher. The DS30 index, comprising blue chips, advanced 7.45 points to finish at 1,909 and the DSE Shariah Index gained 6.93 points to close at 1,264.

Turnover, another important indicator of the market, however, fell slightly and total turnover amounted to Tk 8.01 billion on DSE, which was 5.21 per cent lower than the previous session’s Tk 8.45 billion.

A total number of 150,448 trades were executed in the day’s trading session with trading volume of 182.21 million securities.

The market capitalisation of the DSE stood at Tk 3,905 billion on the day which was Tk 3,897 billion in the previous session.

The gainers took a strong lead over the losers as out of 339 issues traded, 170 closed higher, 112 ended lower and 57 issues remained unchanged on the DSE trading floor.

Khulna Power Company continued to dominate the DSE turnover chart with 5.61 million shares worth Tk 764 million changing hands.

The other turnover leaders were Dragon Sweater, United Power, Olympic Industries and Active Fine Chemicals.

Appollo Ispat Complex was the day’s best performer, posting a gain of 9.78 per cent while BIFC was the worst loser, losing 8.92 per cent.

The port city’s bourse, the Chittagong Stock Exchange (CSE), also ended higher with its CSE All Share Price Index – CASPI –advancing 78 points to settle at 16,774 and the Selective Categories Index - CSCX –gaining 46 points to finish at 10,158.

The gainers beat losers as 125 issues closed higher, 92 ended lower and 26 remained unchanged on the CSE.

The port city bourse traded 18.68 million shares and mutual fund units worth more than Tk 358 million in turnover.

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