The Financial Express

Stocks post marginal gain after sharp fall

| Updated: October 24, 2019 11:38:38

Evaly and Fianancial Express Evaly and Fianancial Express
Stocks post marginal gain after sharp fall

Stocks ended marginally higher on Wednesday, after suffering a big jolt in the previous day, backed by institutional support.

Market analysts said despite the market edged up, most of the investors maintained cautious stance amid ongoing bearish market trend.

The bourse opened on negative note and the key index lost 15 points within 30 minutes of trading. However, the session went up gradually.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 17.94 points or 0.38 per cent to settle at 4,726, after losing 53 points in the previous day.

The DSE Shariah Index also gained 3.83 points to close at 1,084. However, the DS30 index, comprising blue chips, fell 1.54 points to finish at 1,659.

Turnover, a crucial indicator of the market, however, fell to Tk 2.71 billion, which was 6.0 per cent lower than the previous day’s Tk 2.88 billion.

A total number of 98,395 trades were executed in the day’s trading session with trading volume of 91.50 million shares and mutual fund units.

The market-cap of the DSE rose to Tk 3,567 billion on Wednesday, from Tk 3,561 billion in the previous session.

Gainers took a strong over the losers as out of 352 issues traded, 202 closed higher, 88 ended lower and 62 remained unchanged on the DSE trading floor.

Grameenphone topped the turnover chart with shares worth Tk 169 million changing hands, followed by National Tubes, Standard Ceramic, Sonar Bangla Insurance and Monno Jute Stafflers.

Quasem Industries was the day’s best performer, posting a gain of 12.34 per cent while CAPM IBBL Islamic Mutual Find was the day’s worst loser, plunging by 9.0 per cent.

The port city’s bourse, the Chittagong Stock Exchange, also edged higher with its All Shares Price Index CASPI—gaining 63 points to close at 14,384 and the Selective Categories Index - CSCX – advancing 38 points to finish at 8747.

Here too, the gainers beat the losers as 140 issues closed higher, 64 ended lower and 38 remained unchanged on the CSE.

The port city bourse traded 4.45 million shares and mutual fund units worth nearly Tk 183 million in turnover.

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