Stocks end positive as DSEX index gains 12.75 points

Stocks ended positive on Monday, as opportunistic investors continued taking positions in the sector-specific shares in anticipation of quick gains.

The easing of adversities on the macroeconomic front, along with the central bank’s decision to keep policy rates unchanged at 10 per cent for the second half of the current fiscal year, boosted investor confidence to some extent.

Besides, declining Treasury yields and bank interest rates spurred bargain hunters to take positions in lucrative shares amid expectations for a reversal from the market’s prolonged bearish sentiment.

Analysts believe the Bangladesh Bank’s (BB) decision to keep its policy rate unchanged amid falling inflation and treasury yields is a positive signal for the equity market outlook.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), increased 12.75 points to settle at 5,211.53.

The blue-chip index DS30, comprising 30 leading companies, increased by 6.69 points to 1,928.33, while the DSES index, representing Shariah-compliant companies, increased by 7.03 points to 1,160.64 by the closing.

Turnover, a crucial indicator of the market, stood at Tk 4.44 billion, up 6.64 per cent from the previous trading day.

The majority of the stocks saw a price increase, as out of the 396 issues traded, 176 closed higher, 156 ended lower, and 64 remained unchanged on the DSE trading floor.

Grameenphone was the most-traded stock, with shares worth Tk 403.29 million changing hands, followed by Beach Hatchery, BRAC Bank, Robi Axiata, and British American Tobacco Bangladesh Company.

The Chittagong Stock Exchange (CSE) ended up with its All Share Price Index (CASPI) increasing 71.70 points to settle at 14576 and the Selective Categories Index (CSCX) increasing 44.64 points to settle at 8835.68.

The port city bourse traded 1.41 million shares and mutual fund units with a turnover volume of Tk 29.15 million.

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