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DSE rebound, snaps five-day losing streak, CSE mixed

FE Online Report | Published: January 11, 2018 15:39:11 | Updated: January 14, 2018 10:21:35


The Dhaka Stocks Exchange (DSE) returned to the green zone on Thursday, breaking the five-day losing streak, but the turnover remained lower, while the port city bourse ended in mixed trend.

The DSE edged higher as optimistic investors showed their buying interest on large-cap issues.

But the Chittagong Stock Exchange (CSE) ended in mixed to lower trend, with its CSE All Shares Price Index losing 0.47 points.

The markets started the day on negative note, but at midday, both the bourses returned to the positive territory. The rally of DSE continued till the end of the session, but the CSE remained in mixed trend.

DSEX, prime index of the DSE, advanced 6.87 points or 0.11 per cent to close at 6,179. Two other indices of the premier bourse also rose.

DS30 index, comprising blue chips, gained 6.74 points or 0.29 per cent to close at 2,260 and Shariah Index (DSES) gained 3.58 points or 0.25 per cent to finish at 1,391.

Turnover, an important indicator of the market, stood at Tk 3.81 billion, which was 13.21 per cent lower than the previous day’s turnover of Tk 4.39 billion.

The losers took a marginal lead over the gainers. Out of 334 issues traded, 165 issues closed lower, 107 closed higher and 62 remained unchanged on the DSE trading floor.

Square Pharmaceuticals topped the turnover chart with a value of Tk 239 million followed by IFAD Autos Tk 199 million, Paramount Textile Tk 133 million, aamra networks Tk 121 million and National Tubes Tk 100 million.

The port city bourse—Chittagong Stock Exchange—ended mixed trend with CSE All Shares Price Index losing 0.47 points to finish at 19,098.

Selective Categories Index of the port city bourse –CSCX – falling 0.33 points to settle at 11,535.

There losers also beat the gainers as 126 issues closed lower, 69 closed higher and 39 issues remained unchanged on the CSE floor.

The port city bourse traded 6.74 million shares and mutual fund units worth Tk 209 million in turnover.

mufazzal.fe@gmail.com

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