The Financial Express

Stocks post marginal gain after two-day modest fall

| Updated: June 17, 2021 10:44:38

Stocks post marginal gain after two-day modest fall

Stocks posted a marginal gain on Tuesday, after a two-day moderate correction, as bargain hunters showed their buying interest on sector-wise issues.

After opening on a positive note, the prime index of the Dhaka Stock Exchange (DSE) witnessed volatility in the mid-session before closing marginally higher.

DSEX, the prime index of the DSE, went up by 8.69 points or 0.14 per cent to settle at 6,022, after losing 53 points in the past two consecutive sessions.

The DSE 30 Index, comprising blue chips, also gained 3.90 points to finish at 2,176. However, the DSE Shariah Index (DSES) saw a fractional loss of 0.52 point to close at 1,284.

Turnover, a crucial indicator of the market, crossed Tk 20 billion-mark after a single-day break and amounted to Tk 20.32 billion, which was 17 per cent higher than the previous day’s mark of Tk 17.40 billion.

Losers, however, took a modest lead over the gainers, as out of 372 issues traded, 195 declined, 152 advanced and 25 issues remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth Tk 966 million changing hands, followed by Pioneer Insurance (Tk 633 million), National Polymer (Tk 631 million), Pragati Insurance (Tk 405 million) and Lub-rref (Bangladesh) (Tk 399 million).

Energypac Power was the day’s top gainer, hitting the upper limit circuit breaker with 10 per cent rise, while Intech was the worst loser, losing 5.92 per cent as its third quarterly earnings plunged by 75 per cent to Tk 0.01 for January-March, 2021.

A total number of 306,267 trades were executed in the day’s trading session with a trading volume of 581.62 million shares and mutual fund units.

The market cap of DSE rose to Tk 5,066 billion on Tuesday, up from Tk 5,063 billion in the previous session.

However, the Chittagong Stock Exchange (CSE), inched lower with the CSE All Share Price Index – CASPI –losing 1.16 points to settle at 17,464 and the Selective Categories Index – CSCX shedding 3.42 points to close at 10,513.

Of the issues traded, 167 declined, 118 advanced and 29 issues remained unchanged on the CSE.

The port city’s bourse traded 39.48 million shares and mutual fund units with a turnover value of Tk 908 million.

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