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Stocks extend winning streak for five straight sessions on Sunday

FE Online Report | Published: December 01, 2019 18:19:38 | Updated: December 02, 2019 15:35:59


Stocks extended the gaining streak for five straight sessions on Sunday as investors continued their appetite on selective large-cap issues.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,758, advancing 27.37 points or 0.57 per cent. DSEX added 70 points in the past five consecutive sessions.

Market analysts said investors showed their buying spree on sector specific larg-cap isues like BATBC, Square Pharma, Brac Bank, LafargeHolcim and ICB, taking the market in the green zone.

Two other indices, however, ended in the red. The DS30 index, comprising blue chips, fell 2.87 points to finish at 1,644 and the DSE Shariah Index shed 4.53 points to close at 1,077.

Turnover, a crucial indicator of the market, alsoe rose to Tk 5.21 billion, which was 21 per cent higher than the previous day’s turnover of Tk 4.30 billion.

Gainers took a modest lead over the losers as out of 353 issues traded, 166 closed higher, 150 ended lower and 37 remained unchanged on the DSE trading floor.

A total number of 144,316 trades were executed in the day’s trading session with trading volume of 242.70 million shares and mutual fund units.

The market-cap of the DSE rose slightly to Tk 3,569 billion on Sunday, from Tk 3,567 billion in the previous session.

LafargeHolcim Bangladesh topped the turnover chart with shares worth Tk 283 million changing hands, followed by Fortune Shoes, United Finance, Paramount Textile and LankaBangla Finance.

Premier Leasing was the best performer, posting a gain of 10 per cent while Stylecraft was the worst loser, plunging by 56.49 per cent following its price adjustment after record date.

The port city’s bourse, the Chittagong Stock Exchange, also edged higher with its All Shares Price Index (CASPI)—advancing 68 points to close at 14,460 and the Selective Categories Index - CSCX –gaining 38 points to finish at 8,782.

Here too, gainers beat losers as 129 issues closed higher, 98 ended lower and 21 remained unchanged on the CSE.

The port city bourse traded 14.13 million shares and mutual fund units worth nearly Tk 250 million in turnover.

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