The Financial Express

Stocks edge higher after bumpy ride

Newly-listed Taufika Foods jumps 50pc on debut

| Updated: February 11, 2021 16:31:54

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Stocks edge higher after bumpy ride

The market ended marginally higher on Wednesday, after a sharp rise in the previous day, as bargain hunters continued to show their appetite on sector specific stocks.

Scaling a fresh intra-day peak of 5,566 in the morning, the key index of the Dhaka Stock Exchange (DSE) later tumbled to the day’s low of 5,499 before ending the day at 5,509.

DSEX, the prime index of the DSE, went up by 10.86 points or 0.19 per cent to settle at 5,509, after soaring 122 points in the previous day.

Two other indices also ended higher. The DSE 30 Index comprising blue chips rose 15.47 points to finish at 2,101 and the DSE Shariah Index (DSES) advanced 5.76 points to close at 1,245.

Turnover, a crucial indicator of the market, remained below Tk 8.0 billion-mark and stood at Tk 7.86 billion, which was15 per cent higher than the previous day’s two-month lowest turnover of Tk 6.83 billion.

Beximco, the flagship company of business conglomerate Beximco Group, continued to dominate the turnover chart with shares of Tk 1.62 billion changing hands, followed by Robi Axiata, British American Tobacco, Beximco Pharma and LankaBangla Finance.

Newly-listed Taufika Foods & Agro Industries was the day’s best performer, gaining 50 per cent, the highest allowable limit on debut trading day, while Prime Finance First Mutual Fund was the day’s worst loser, shedding 5.08 per cent.

A total number of 139,928 trades were executed in the day’s trading session with a trading volume of 203.91 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,709 billion on Wednesday, up from Tk 4,688 billion in the previous day.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 59 points to settle at 15,979 and the Selective Categories Index – CSCX advancing 36 points to close at 9,642.

However, of the issues traded, 105 declined, 72 advanced and 57 remained unchanged on the CSE.

The port city’s bourse traded 26.08 million shares and mutual fund units with turnover value of Tk 552 million.

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