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Stocks rebounded on Monday, after the key index of the major bourse came down to a fresh 22-month low on Sunday while the markets faced a steep decline.
DSEX, the benchmark index of the Dhaka Stock Exchange, rose 34.27 points or 0.65 per cent, closing the day at 5,246 as the investors went on buying spree.
The market started the day on a negative note but later in the day investors started taking position in the undervalued stocks, market insiders said.
The two other indices—the DS30 index and the DSE Shariah Index (DSES)–also ended higher.
The DS30 index, comprising blue chips, advanced 7.50 points to finish at 1,860 and the DSE Shariah Index rose 8.68 points to close at 1,219.
Turnover, another important indicator of the market, jumped 19 per cent to Tk 4.43 billion on the DSE.
Of the traded issues, 199 advanced, 110 declined and 30 securities closed unchanged on the premier bourse.
A total number of 119,768 trades were executed in the day’s trading session on the DSE with trading volume of 125.98 million securities.
The market capitalisation of the DSE also rose to Tk 3,826 billion on the day which was Tk 3,813 billion in the previous session.
Khulna Power Company continued to dominate the DSE turnover chart with 1.65 million shares worth Tk 204 million changing hands.
The other turnover leaders were Monno Ceramic Industries, Intech, The Peninsula Chittagong and Saiham Textile.
Libra Infusion was the day’s best performer, posting a gain of 29.24 per cent while Khulna Printing & Packaging was the worst loser, plunging by 27.80 per cent following its no dividend recommendation for the year ended on June 30, 2018.
The port city bourse also ended marginally higher with its CSE All Share Price Index–CASPI–advancing 17 points to settle at 16,047 and the Selective Categories Index - CSCX –gaining 15 points to finish at 9,729.
The gainers beat losers as 120 issues closed higher, 83 ended lower, with 24 issues remaining unchanged on the , the Chittagong Stock Exchange (CSE).
The port city bourse traded 9.62 million shares and mutual fund units worth Tk 236 million in turnover.