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Stocks return to green on Tuesday, after single-day break, as some investors went on late hours buying spree on Grameenphone (GP).
Market operators said the stocks rebounded after previous day’s correction largely supported by the largest market cap GP’s shares.
Share prices of GP, which accounted for nearly 17 per cent of the major bourse’s total market cap, jumped 1.18 per cent or Tk 5.70 each to close at Tk 487.40.
Following the previous day’s correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) started on downward trend.
The downturn continued first two hours of trading, but last two hours went up steadily, finally key index of the major bourse ended more than 12 points higher while CSE All Share Price Index (CASPI) added 45 points at closing.
DSEX, the core index of the DSE, settled at 5,848, gaining 12.47 points or 0.21 per cent over the previous session.
The two other indices also saw marginal gain. The DS30 index, comprising blue chips, advanced 3.50 points or 0.16 per cent to finish at 2,156.
The DSE Shariah Index (DSES) gained 7.39 points or 0.54 per cent to close at 1,375.
The market activities also rose and the total turnover on the DSE amounting to Tk 4.26 billion, which was 9.52 per cent higher than the previous day’s Tk 3.89 billion.
The gainers took a modest lead over the losers as out of 333 issues traded, 167 closed higher, 116 closed red and 50 issues remained unchanged on the DSE trading floor.
Monno Ceramic Industries topped the day’s turnover chart with shares worth Tk 115 changing hands, closely followed by CVO Petrochemicals Refinery, The IBN Sina, National Bank and BBS Cables.
CAPM IBBL Islamic Mutual Fund was the day’s best performer, posting a gain of 8.88 per cent while Asia Pacific Insurance was the day’s worst loser, shedding 5.81 per cent.
Port city bourse CSE also ended higher with its CSE All Share Price Index – CASPI –gaining 48 points to settle at 18,078 and selective Categories Index - CSCX –advancing 31 points to finish at 10,913 points.
Here too, the gainers beat the losers as 132 issues closed higher, 71 loser and 29 remained unchanged on the CSE.
The port city bourse traded 6.81 million shares and mutual fund units worth more than Tk 303 million in turnover.