Stocks inched higher on Thursday, after remaining down in the past three sessions, as investors mostly followed cautious stance.
Market analysts said most of the investors followed cautious stance while some were busy with rebalancing portfolio amid ongoing corporate declarations, taking the index in the flat zone.
The market opened on positive note and the key index rose about 37 points within first 30 minutes of trading. But rest of the session went down amid volatility.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 2.60 points or 0.04 per cent to finish at 5,655.
Two other indices also edged higher. The DS30 index, comprising blue chips, rose 18.17 points to finish at 2023 and the DSES (Shariah) index gained 0.63 point to settle at 1,292.
Turnover, another important indicator of the market, fell to Tk 5.85 billion, which was 17 per cent lower than the previous day’s turnover of Tk 7.08 billion.
A total number of 130,804 trades were executed in the day’s trading session with trading volume of 104.53 million shares and mutual fund units.
The market-cap of the DSE increased to Tk 4,196 billion, from Tk 4,180 billion in the previous day.
The losers took a strong lead over the gainers as out of 347 issues traded, 231 closed lower, 77 ended higher and 39 issues remained unchanged on the DSE trading floor.
BATBC topped the turnover list with shares worth Tk 537 million changing hands, closely followed by Brac Bank, United Power, Dutch-Bangla Bank and Monno Ceramic Industries.
Prime Finance First Mutual Fund was also the day’s best performer, posting a gain of 8.42 per cent following the news that ICB Asset Management Company decided to extent the tenure of the mutual fund 10 years more up to March 14, 2029.
Reliance Insurance was the day’s worst loser, losing 10.33 per cent following its price adjustment after record date.
However, the port city bourse, Chittagong Stock Exchange edged lower with the CSE All Share Price Index – CASPI – shedding 12 points to settle at 17,351 while the Selective Categories Index – CSCX –losing 6.50 points to finish at 10,514.
Here too, the losers beat the gainers as 171 issues closed lower, 52 ended higher and 27 remained unchanged.
The port city bourse traded 5.10 million shares and mutual fund units worth Tk 215 million in turnover.
© 2017 - All Rights with The Financial Express