Stocks extend gaining streak for third day

FE Online Report | Published: August 02, 2018 15:29:36 | Updated: August 04, 2018 10:46:53


Stocks witnessed yet another bullish session on Thursday, extending the recovery rally for the third straight day, as investors continued their buying appetite on sector-wise stocks.

Analysts said investors’ enthusiasm sustained as optimistic investors remained active on the market amid positive expectation.

The prime index of the the Dhaka Stock Exchange (DSE) showed rising trend from the beginning of the session and sustained the bullish trend throughout the day.

At the end of the session, DSEX went up by 51.59 points or 0.96 per cent to settle at 5,399.

The two other indices also ended higher. The DS30 index, comprising blue chips, advanced nearly 5.0 points to finish at 1,899 and the DSE Shariah Index rose 5.02 points to close at 1,262.

Bullish sentiment was also reflected on the trading activities as the total turnover on the main bourse rose to Tk 7.64 billion, which was 3.24 per cent higher than the previous day’s Tk 7.40 billion.

Of the 336 issues traded on the trading floor, 215 closed higher, 98 lower and 23 issues remained unchanged.

A total number of 164,097 trades were executed in the day’s trading session on the DSE with trading volume of 222.98 million securities.

The market capitalisation of the DSE rose to Tk 3,864 billion on the day which was Tk 3,861 billion in the previous session.

United Power topped the DSE turnover chart with 1.03 million shares worth Tk 341 million changing hands.

The other turnover leaders were- BBS Cables, Saiham Textile, Dragon Sweater and Fortune Shoes.

National Housing Finance was the day’s best performer, posting a gain of 9.98 per cent while ICB Islami Bank was the worst loser, losing 5.76 per cent.

The port city bourse— Chittagong Stock Exchange (CSE)—ended higher with its CSE All Share Price Index – CASPI – advancing 175 points to settle at 16,611 and the Selective Categories Index - CSCX –gaining 103 points to finish at 10,054.

The gainers beat losers as 157 issues closed higher, 73 ended lower, with 24 issues remaining unchanged on the CSE.

The port city bourse traded 13.54 million shares and mutual fund units worth more than Tk 345 million in turnover.

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