7 months ago

Bourses edge up after two-day slump

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Stocks finished marginally higher on Tuesday, after a two-day correction, as bargain hunters showed their buying interest on sector specific issues.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 9.28 points or 0.14 per cent to settle at 6,537.60, after losing 32 points in the past two days.

However, two other indices edged lower. The DS30 index, comprising blue chips, dropped 3.11 points to finish at 2,353 and the DSE Shariah Index (DSES) shed 2.50 points to close at 1,427.

Turnover, a crucial indicator of the market, stood at Tk 14.80 billion on the premier bourse, which was 8.75 per cent higher than the previous day’s tally of Tk 13.61 billion.

Market insiders said the bargain hunters went on buying spree on sector-wise issues after two-day corrections.

Most of the traded issues, however, remained unchanged due to the ‘floor price’ restriction. Of the 377 issues traded, 129 advanced, 104 declined and 140 others remained unchanged on the DSE trading floor.

Beximco became the most-traded stock with shares worth Tk 1.62 billion changing hands, closely followed by Orion Pharma (Tk 1.23 billion), JMI Hospital Requisite Manufacturing (Tk 554 million), Bangladesh Shipping Corporation (Tk 469 million) and IPDC Finance (Tk 437 million).

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI) rising 27 points to settle at 19,225 and its Selective Categories Index (CSCX) gaining 16 points to close at 11,524.

Of the issues traded, 113 advanced, 89 declined and 86 issues remained unchanged.

The port-city bourse traded 8.30 million shares and mutual fund units with a turnover value of Tk 350 million.

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