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DSE, CSE rebound amid cautious trading

FE Online Report | Published: April 25, 2019 15:40:51 | Updated: April 27, 2019 10:37:23


Stocks rebounded in the positive terrain on Thursday, after hitting four-month low, as some investors showed their buying appetite on sector-wise issues.

Market analysts said the bargain hunters were active on lucrative price level after the prime index fell to four months low, taking the market in the green territory.

The bourse opened on positive note and the upward trend sustained until end of the session amid choppy trading.

At the end of the day’s trading, DSEX, the prime index of the DSE, settled at 5,266, advancing 25.84 points or 0.49 per cent, after losing about 84 points in the past two sessions.

The DSE Shariah Index also gained 3.72 points to close at 1,214. However, the DS30 index, comprising blue chips, fell 4.19 points to finish at 1,864.

Turnover, another important indicator of the market, however, rose to Tk 3.83 billion, which was 15 per cent higher than the previous day’s turnover of Tk 3.32 billion.

A total number of 103,045 trades were executed in the day’s trading session with trading volume of 110.20 million securities.

The market capitalisation of the main bourse also rose to Tk 3,894 billion on Thursday, from Tk 3,892 billion in the previous day.

The gainers took a strong lead over the losers as out of 344 issues traded, 202 advanced, 102 declined and 40 issues remained unchanged on the DSE trading floor.

Fortune Shoes topped the DSE turnover chart with 5.86 million shares worth Tk 228 million changing hands.

The other turnover leaders were Monno Ceramic Industries, National Tubes, Bangladesh Submarine Cable Company and Brac Bank.

Aziz Pipes was the day’s best performer, posting a gain of 9.97 per cent while Agrani Insurance was the worst loser, losing 9.09 per cent.

The port city bourse, the Chittagong Stock Exchange, also ended higher with its CSE All Share Price Index – CASPI –advancing 102 points to settle at 16,146 and the Selective Categories Index –CSCX –gaining 61 points to finish at 9,769.

The gainers beat losers, as 145 issues closed higher, 73 ended lower and 20 remained unchanged on the CSE.

The CSE traded 5.0 million shares and mutual fund units worth more than Tk 180 million in turnover.

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