The Financial Express

Stocks bounce back after two-day slump

DSEX crosses 6,200-mark again

| Updated: July 13, 2021 10:25:25

Stocks bounce back after two-day slump

The market rebounded on Thursday, snapping a two-day losing streak, as investors put fresh bets on sector-wise stocks amid extended trading hours.

Trading time extended by an hour from Thursday until 2:00pm in line with the banking hours.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 35.55 points or 0.57 per cent to settle at 6,212, after losing 42 points in the two straight sessions.

Two other indices also edged higher with the DS30 index, comprising blue chips, advanced 16.66 points to finish at 2,248 and the DSE Shariah Index rose 14.05 points to close at 1,341.

However, turnover, an important indicator of the market, dropped 5.38 per cent to Tk 14.92 billion due to thin participation of investors.

Gainers took a modest lead over the losers, as out of 374 issues traded, 191 ended higher and 155 lower while 28 remained unchanged on the DSE trading floor.

A total number of 255,125 trades were executed in the day’s trading session with a trading volume of 531.17 million shares and mutual fund units.

The market capitalisation of the DSE also rose to Tk 5,171 billion on Thursday, up from the previous day’s mark of Tk 5,150 billion.

Beximco - the flagship company of Beximco Group- topped the turnover chart with shares worth Tk 1.02 billion changing hands, followed by LafargeHolcim (Tk 583 million), Keya Cosmetics (Tk 319 million), Beximco Pharma (Tk 268 million) and Aman Feed (Tk 254 million).

CVO Petrochemicals Refinery was the day’s best performer, posting a gain of 9.93 per cent while Trust Bank was the worst loser, losing 11.34 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also bounced back with its All Shares Price Index (CASPI)—rising 120 points to close at 18,001 while the Selective Categories Index – CSCX advanced 71 points to close at 10,810.

Of the issues traded, 159 advanced, 136 declined and 26 issues remained unchanged on the CSE.

The port city bourse traded 24.88 million shares and mutual fund units with turnover value of Tk 740 million.

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