Stocks return to green with sluggish turnover

| Updated: January 20, 2018 19:52:35

Bourses rebound amid sluggish turnover

Stocks rebounded Thursday, after one-day break, as some optimistic investors went on buying spree on sector-wise large-cap stocks.

Analysts said the market backed to green as investors showed their buying appetite on sector-wise issues ahead of monetary policy announcement.

After witnessing volatility in the first 30 minutes of trading, rest of the trading session went up steadily and finally closed nearly 24 points higher.

DSEX, the benchmark index of the DSE, settled at 6,122, advancing 23.90 points or 0.39 per cent over the previous day.

The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 4.97 points or 0.22 per cent to finish at 2,241. The DSE Shariah Index (DSES) also gained 11.47 points or 0.82 per cent to settle at 1,404.

The market activities, however, remained below Tk 4.0 billion-mark and the total turnover amounting to Tk 3.58 billion, which was 8.44 per cent lower than the previous day’s turnover of Tk 3.91 billion.

The gainers took a modest lead over the losers as out of 334 issues traded, 142 closed higher, 134 lower and 58 issues remained unchanged on the DSE trading floor.

Square Pharmaceuticals topped the day’s turnover chart with 1.40 million shares of Tk 450 million changing hands, followed by Dragon Sweater, IFAD Autos, Grameenphone and Bangladesh Thai Aluminium.

Renwick Jajneswar & Company was the day’s best performer, posting a gain of 7.50 per cent while SEML IBBL Shariah Fund was the day’s worst loser, plunging by 6.40 per cent.

The port city bourse, Chittagong Stock Exchange (CSE), also returned to higher with CSE All Share Price Index – CAPSI – advancing 38 points to finish at 18,869.

The Selective Categories Index - CSCX – also gained 19 points to settle at 11,391.

Losers beat gainers as 1108 issues closed lower, 89 higher and 42 issues remained unchanged on the CSE.

The port city bourse traded 8.63 million shares and mutual fund units worth more than Tk 242 million in turnover.

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