The Financial Express

Stocks post marginal rise after bumpy ride

| Updated: March 18, 2021 14:53:22

Stocks post marginal rise after bumpy ride

Stocks posted a marginal rise on Monday, after losing sharply in the previous day, as investors remained cautious amid lack of clear direction.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.81 points or 0.25 cent to settle at 5,532, after losing about 50 points in the previous session.

Market analysts said bargain hunters showed their appetite on sector-wise stocks which saw price erosion in the recent correction.

However, a section of investors remained cautious following the news that daily Covid-19 infections and death are rising alarmingly in recent days in the country, they said.

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 2.88 points to finish at 2,129 and the DSE Shariah Index (DSES) rose 5.28 points to close at 1,263.

Turnover, a crucial indicator of the market, almost same over the previous day and amounted to Tk 6.23 billion which was Tk 6.22 billion in the previous day.

Gainers took a modest lead over the losers, as out of 354 issues traded, 129 advanced, 103 declined and 122 issues remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 620 million changing hands, followed by LankaBangla Finance (Tk 368 million), Robi (Tk 327 million), GBB Power (Tk 310 million) and Bangladesh Submarine Cable Company (Tk 309 million).

Bangladesh Submarine Cable was the day’s top gainer, posting a gain of 8.22 per cent while Hwa Well Textiles was the worst loser, losing 6.28 per cent.

A total number of 128,348 trades were executed in the day’s trading session with a trading volume of 159.75 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,802 billion on Monday, up from Tk 4,778 billion in the previous session.

The Chittagong Stock Exchange (CSE) also closed marginally higher with the CSE All Share Price Index – CASPI –gaining 27 points to settle at 16,054 and the Selective Categories Index – CSCX rising 16 points to close at 9,684.

Of the issues traded, 80 advanced, 73 declined, and 74 remained unchanged on the CSE.

The port city’s bourse traded 7.94 million shares and mutual fund units with turnover value of Tk 279 million.

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