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DSEX crosses 5,700-mark after four-day

FE Online Report | Published: March 10, 2019 19:17:09 | Updated: March 12, 2019 11:21:13


Stocks posted a marginal gain on Sunday as some investors showed their buying appetite on sector specific issues.

Market analysts said following the news that banks got another six months to lower their advance-deposit-ratio (ADR) encouraged many investors to take position on sector-wise issues, taking the prime above 5,700-mark.

In a circular issued on Thursday last, the central bank extended the deadline to September 30 this year to adjust the ratio.

The market opened on positive note and the key index rose more than 40 points within first 30 minutes of trading. But rest of the session eroded half of the initial gains.

At the end of the session, DSEX, the prime index of the DSE, settled at 5,710, advancing 21.60 points or 0.37 per cent over the previous day.

Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 11 points to finish at 2001 and the DSE Shariah Index gained 8.0 points to close at 1,311.

A total number of 109,357 trades were executed in the day’s trading session with trading volume of 100.59 million securities.

The market capitalisation of the DSE increased to Tk 4,151 billion on Sunday, from Tk 4,130 billion in the previous session.

The gainers took a modest lead over the losers as out of 347 issues traded, 187 advanced, 112 declined and 48 issues remained unchanged on the DSE trading floor.

United Power topped the DSE turnover chart with shares worth Tk 284 million changing hands, closely followed by Monno Ceramic Industries, Singer Bangladesh, Dutch-Bangla Bank and National Polymer.

Takaful Islami Insurance was the day’s best performer, posting a gain of 9.16 per cent while Dutch-Bangla Bank was the worst loser, losing 7.86 per cent.

The port city bourse Chittagong Stock Exchange (CSE) ended higher with its CSE All Share Price Index – CASPI –advancing 98 points to settle at 17493 and the Selective Categories Index - CSCX –gaining 50 points to finish at 10,588.

The gainers beat losers as 143 issues closed higher, 70 ended lower and 28 remained unchanged on the CSE.

The port city bourse traded 7.53 million shares and mutual fund units worth more than Tk 235 million in turnover.

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