Stocks snap two-day losing streak

FE Online Report | Published: August 07, 2018 18:08:52 | Updated: August 09, 2018 10:24:10

Stocks ended higher on Tuesday, snapping a two-day losing streak, owing to the eased situation of student’s ongoing road safety protest.

Sources inside the market said stocks returned to green, as a section of investors showed their buying appetite on sector-wise stocks.

The market opened on positive note and the upward trend continued till end of the session amid modest volatility in the last hour.

At the end of the session, DSEX, prime index of Dhaka Stock Exchange (DSE), went up by 28.47 points or 0.53 per cent to settle at 5,382.

The two other indices also ended higher. The DS30 index, comprising blue chips, also advanced 12.41 points to finish at 1,901 and the DSE Shariah Index also gained 6.37 points to close at 1,255.

Trading activities also increased as the total turnover stood at Tk 7.10 billion, which was 11 per cent higher than the previous day’s Tk 6.39 billion.

The losers took a modest lead over the gainers as out of 336 issues traded, 172 declined, 130 advanced and 34 issues remained unchanged on the DSE trading floor.

BBS Cables topped the turnover chart with shares worth Tk 601 million changing hands, followed by United Power, Regent Textile, Simtex Industries and Dragon Sweater.

A total number of 156,932 trades were executed in the day’s trading session at the DSE with trading volume of 196.54 million securities.

The market capitalisation of the DSE rose to Tk 3,858 billion on the day which was Tk 3,842 billion in the previous session.

The port city bourse CSE also ended higher with its CSE All Share Price Index – CASPI –advancing 105 points to settle at 16,544 and the Selective Categories Index - CSCX – gaining 65 points to finish at 10,013.

The losers beat gainers 115 issues closed lower, 104 ended higher, with 25 issues remained unchanged on the CSE.

The port city bourse traded 9.63 million shares and mutual fund units worth more than Tk 334 million in turnover.

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