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The Financial Express

Stocks open month on positive note

| Updated: March 01, 2021 20:14:51


Stocks open month on positive note

Stocks posted moderate gain on Monday, the first trading day of this month, as bargain hunters showed their appetite on sector-wise stocks.

The market swung between positive and negative in the first half of the trading session and later half went up as the optimistic investors took positions on sector specific stocks.

DSEX, the prime index of the DSE, went up by 22.02 points or 0.40 per cent to settle at 5,426, after losing 246 points in February.

Two other indices also saw marginal gain with the DSE 30 Index, comprising blue chips, advanced 12.56 points to finish at 2,069 and the DSE Shariah Index (DSES) gained 6.23 points to close at 1,229.

Turnover, a crucial indicator of the market, came down to Tk 6.18 billion, which was 6.36 per cent lower than the previous day’s turnover of Tk 6.60 billion.

Of the 343 issues, traded, 129 advanced, 105 declined and 118 remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth over Tk 986 million changing hands followed by BATBC, Robi, LankaBangla Finance and GBB Power.

Newly listed eGeneration was the day’s best performer, posting a gain of 9.96 per cent while Unilever Consumer Care was the worst loser, losing 7.75 per cent following its corporate declaration.

A total number of 121,967 trades were executed in the day’s trading session with a trading volume of 154.25 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,671 billion on Monday, up from Tk 4,657 billion in the previous day.

The Chittagong Stock Exchange (CSE) also rebounded with the CSE All Share Price Index – CASPI –advancing 83 points to settle at 15,687 and the Selective Categories Index – CSCX rising 49 points to close at 9,460.

Of the issues traded, 97 gained, 57 declined and 72 remained unchanged on the CSE.

The port city’s bourse traded 12.75 million shares and mutual fund units with turnover value of Tk 358 million.

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