DSE, CSE end higher first day after Eid

FE Online Report | Published: August 26, 2018 15:22:47 | Updated: August 28, 2018 12:04:10


Stocks ended higher on Sunday, the first session after five-day Eid holidays, as investors continued their buying spree on sector-wise stocks.

Market insiders said the bourses extended their winning spell for the fifth straight sessions which started before Eid holidays, as the optimistic investors remained active on large-cap stocks amid growing optimism.

However, the presence of the investors was thin on the trading floor as many investors are yet to resume businesses in Dhaka after enjoying Eid in rural areas while many of them executed trade over phone.

Trading and official activities on the bourses remained closed from August 21 to August 25 on the occasion of Eid-ul-Azha, including weekly holidays.

The market witnessed choppy trading from the beginning of the day and then increased gradually as the session progressed as investors showed their buying appetite in large-cap stocks in the later part of the session.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 25.71 points or 0.46 per cent to settle at 5,596.

The prime index of the DSE added about 218 points in the past five consecutive sessions.

The two other indices also ended higher. The DS30 index, comprising blue chips advanced 13.61 points to end at 1961 and the DSE Shariah Index rose 14.70 points to close at 1,272.

Turnover, another important indicator of the market, however, fell to Tk 4.20 billion, which was 5.62 per cent lower than the previous day’s Tk 4.45 billion.

It was also the lowest turnover in 10 weeks since June 10 when turnover was recorded Tk 4.08 billion.

Of the 335 issues traded on the DSE trading floor, 200 ended higher, 107 closed lower and 28 issues remained unchanged on the DSE trading floor.

A total number of 102,785 trades were executed in the day’s trading session with trading volume of 126.63 million securities.

The market capitalisation of the DSE stood at Tk 3,940 billion on the day which was Tk 3,921 billion in the previous session.

Active Fine Chemicals topped the turnover chart with 6.41 million shares worth Tk 251 million changing hands, closely followed by LankaBangla Finance, BBS Cables, United Power and National Housing Finance.

Aziz Pipes was the day’s best performer on the premier bourse, posting a gain of 8.43 per cent while National Life Insurance was the worst performer, losing 9.76 per cent.

The port city bourse CSE also ended higher with its CSE All Share Price Index – CASPI – gaining 43 points to settle at 17,154 and the Selective Categories Index - CSCX – advancing 27 points to finish at 10,390.

The gainers beat losers as 111 issues closed higher, 58 ended lower, with 64 issues remained unchanged on the CSE.

The port city bourse traded 7.96 million shares and mutual fund units worth nearly Tk 210 million in turnover.

babulfexpress@gmail.com

Share if you like