Stocks posted marginal gain on Wednesday, snapping a four-day losing streak, as optimistic investors showed their buying appetite on sector-wise stocks.
Brokers said the some investors were optimistic to market as the Chinese consortium will modernise the prime bourse, bring in new products and enhance its capability as it officially became the strategic partner of DSE on Tuesday.
Following the previous four days’ correction, the market opened higher and the key index of the major bourse rose about 35 points within 40 minutes of trading.
But rest of session lost most of the early gains, finally key index of the The Dhaka Stocks Exchange (DSE) ended 9.43 points higher.
DSEX, the prime index of the DSE, settled at 5,562, advancing 9.43 points or 0.16 per cent over the previous day.
Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, advanced 5.28 points to finish at 1,955 and the DSE Shariah Index soared 8.96 points to close at 1,279.
Turnover, the most important indicator of the market, rose to Tk 8.12 billion, which was 13 per cent higher than the previous session’s Tk 7.16 billion.
A total number of 155,613 trades were executed in the day’s trading session with trading volume of 182.79 million securities.
The market capitalisation of the DSE rose to Tk 3,962 billion on the day which was Tk 3,952 billion in the previous day.
The gainers took a modest lead over the losers as out of 336 issues traded, 156 advanced, 131 declined and 49 issues remained unchanged on the DSE trading floor.
Khulna Power Company topped the DSE turnover chart for the fourth day with 6.56 million shares worth Tk 601 million changing hands, followed by United Power, Peninsula Chittagong, Unique Hotel and Aman Feed.
Oimex Electrode was the day’s best performer, posting a gain of 9.93 per cent while SEML Lecture Equity Management Fund was the worst loser, losing 9.21 per cent.
The port city bourse ended higher with its CSE All Share Price Index – CASPI –advancing 73 points to settle at 17,143 and the Selective Categories Index - CSCX – gaining 47 points to finish at 10,386 points.
The gainers beat losers as 111 issues closed higher, 95 ended lower and 41 remained unchanged on the the Chittagong Stocks Exchange (CSE).
The port city bourse traded 9.63 million shares and mutual fund units worth more than Tk 333 million in turnover.
© 2017 - All Rights with The Financial Express