The Financial Express

Bourses rise for second day

| Updated: September 18, 2022 19:35:34

Bourses rise for second day

Stocks extended their gaining streak for two consecutive sessions on Sunday, as buoyant investors put fresh bets on large-cap stocks ahead of dividend declaration.

The market opened higher and the key index jumped 54 points in the first 15 minutes of trading. After the mid-session the index wiped off most of the early gains, untimely ending over 20 points higher.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 20.12 points or 0.31 per cent to settle at 6,535. DSEX added 48 points in the past two trading days.

Turnover, a crucial indicator of the market, jumped to Tk 18.14 billion on the premier bourse, which was 46 per cent higher than the previous day’s tally of Tk 12.43 billion.

Market operators said the bargain hunters showed their interest in lucrative stocks, taking the market index higher and turnover higher.

Two other indices also ended higher. The DS30 Index, comprising blue-chip companies, rose 17.15 points to close at 2,363 and the DSES Index advanced 6.11 points to finish at 1,435.

Losers, however, took a modest lead over the gainers, as of the 371 issues traded, 140 declined, 109 advanced and 122 others remained unchanged on the DSE trading floor.

Orion Pharma became the most-traded stock with shares worth Tk 2.20 billion changing hands, followed by Beximco (Tk 1.34 billion), JMI Hospital Requisite Manufacturing (Tk 793 million), Orion Infusions (Tk 469 million) and Eastern Housing (Tk 447 million).

Standard Ceramic Industries was the day’s top gainer, posting a 9.99 per cent rise while Union Capital was the worst loser, losing 6.19 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index (CASPI) rising 60 points to settle at 19,200 and its Selective Categories Index (CSCX) gaining 36 points to close at 11,509.

Of the issues traded, 101 declined, 75 advanced and 90 issues remained unchanged.

The port-city bourse traded 10.17 million shares and mutual fund units with a turnover value of Tk 399 million.

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