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Stocks post modest rise after bumpy ride

| Updated: August 07, 2022 09:58:17


Stocks post modest rise after bumpy ride

Stocks witnessed a moderate rise on Thursday, extending the gaining streak for the fifth straight session, as the investors were active on both sides of the trading fence.

The market moved positive and negative several times before ending marginally higher.

At the end of the session, DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 12.14 points or 0.19 per cent to settle at 6,312.

The core index added nearly 332 points in the past five trading days after the securities regulator imposed floor price on all securities.

Two other indices also edged higher. The DS30 Index, comprising blue chips, gained 6.38 points to finish at 2,265 and the DSE Shariah Index (DSES) advanced 4.68 points to close at 1,375.

Turnover, the crucial indicator of the market, stood at Tk 11.90 billion, which was 0.42 per cent lower than the previous day’s tally of Tk 11.95 billion.

Market operators said some of the investors preferred to book profit as the market rose in the past four days while some others took the opportunity of buying shares at lucrative prices.

The turnover remained above Tk 11 billion as the investors were active on both sides of the trading fence after four days of bullish sessions, they said.

Losers took a modest lead over the gainers as out of 381 issues traded, 199 declined, 129 advanced and 53 remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth Tk 1.0 billion changing hands, followed by Olympic Industries, Malek Spinning Mills, Orion Pharma and Makson Spinning Mills.

Acme Pesticides was the top gainer, posting a gain of 10 per cent while Federal Insurance was the worst loser, losing 6.64 per cent.

The Chittagong Stock Exchange (CSE) also posted a marginal gain with the CSE All Share Price Index – CASPI –gaining 58 points to settle at 18,540 and the Selective Categories Index – CSCX –rose 36 points to close at 11,109.

Of the issues traded, 122 declined, 117 advanced and 57 issues remained unchanged on the CSE.

The port city’s bourse traded 10.23 million shares and mutual fund units with a turnover value worth Tk 213 million.

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