Stocks rebound after two days of losses

FE Online Report | Published: February 07, 2019 16:10:11 | Updated: February 10, 2019 15:32:05


Stocks returned to the green on Thursday, snapping a two-day losing streak, as optimistic investors went on buying binge on large-cap shares.

Market analysts said investors were active in the market throughout the session, taking the market the green zone.

The market opened on positive note and the key index rose about 55 points in the first 30 minutes of trading. But rest of the session eroded half of the gains.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,811, gaining 25.91 points or 0.45 per cent over the previous day.

The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 3.51 points to finish at 2,026 and the DSES (Shariah) index rose 11.36 points to settle at 1,323.

Turnover, another important indicator of the market, stood at Tk 7.73 billion, which was 0.92 per cent higher than the previous day’s turnover of Tk 7.66 billion.

A total number of 166,126 trades were executed in the day’s trading session with trading volume of 161.76 million shares and mutual fund units.

The market-cap of the DSE increased to Tk 4,211 billion which was Tk 4,187 billion in the previous day.

The gainers took a marginal lead over the losers as out of 346 issues traded, 161 closed higher, 145 ended lower and 40 issues remained unchanged on the DSE trading floor.

United Power topped the turnover chart with 1.86 million shares worth Tk 760 million changing hands, followed by Bangladesh Submarine Cable Company, Legacy Footwear, Berger Paints and Sonar Bangla Insurance.

The port city bourse Chittagong Stock Exchange also backed to the green with the CSE All Share Price Index – CASPI – gaining 62 points to settle at 17,781 while the Selective Categories Index – CSCX –advancing 39 points to finish at 10,758.

Here too, the gainers beat the losers as 124 issues closed higher, 118 lower and 33 remained unchanged.

The port city bourse traded 8.43 million shares and mutual fund units worth Tk 268 million in turnover.

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