The Financial Express

Bourses rebound after single-day break

| Updated: September 19, 2022 09:55:34

Bourses rebound after single-day break

Stocks bounced back Thursday, after a single-day break, as the bargain hunters revealed their buying interest in sector-specific issues.

The market moved between positive and negative several times before closing higher as most of the investors traded cautiously.

DSEX, the key index of the Dhaka Stock Exchange (DSE), finally went up by 27.83 points or 0.43 per cent to settle at 6,515, after losing over 50 points in the previous day.

Turnover, a crucial indicator of the market, stood at Tk 12.43 billion on the premier bourse, which was 5.0 per cent lower than the previous day’s tally of Tk 13.08 billion.

Market insiders said the bargain hunters showed their interest in lucrative stocks, taking the market index higher after a single-day break.

Two other indices also ended higher. The DS30 Index, comprising blue-chip companies, rose 13.12 points to close at 2,346 and the DSES Index advanced 12.02 points to finish at 1,429.

Beximco became the most-traded stock with shares worth Tk 1.81 billion changing hands, closely followed by Orion Pharma (Tk 960 million), JMI Hospital Requisite Manufacturing (Tk 645 million), BDCOM Online (Tk 311 million) and Nahee Aluminum Composite Panel (Tk 297 million).

BDCOM Online was the day’s top gainer, posting a 10 per cent rise while Bay Leasing & Investment was the worst loser, losing 5.53 per cent.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI) rising 73 points to settle at 19,141 and its Selective Categories Index (CSCX) gaining 44 points to close at 11,473.

Of the issues traded, 91 declined, 88 advanced and 85 remained unchanged.

The port-city bourse traded 4.56 million shares and mutual fund units with a turnover value of Tk 184 million.

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