The Financial Express

Dhaka stocks inch up after bumpy ride

| Updated: November 09, 2020 19:06:02

Lankabangla and Fianancial Express Lankabangla and Fianancial Express
Dhaka stocks inch up after bumpy ride

Stocks posted a marginal gain on Monday after choppy trading throughout the session as investors mostly followed cautious stance amid corporate declarations of most of the companies.

DSEX, the key index of the Dhaka Stock Exchange, went up by 4.42 points or 0.08 per cent to settle at 4,928, after losing more than 18 points in the previous session.

Two other indices also edged higher. The DS30 index, comprising blue chips, gained 1.06 points to finish at 1,719 and the DSE Shariah Index advanced 4.42 points to close at 1,121.

Market operators said bargain hunters remained active on stocks that declared satisfactory dividend and quarterly earnings while cautious investors opted for booking profit on sector specific issues, taking the market index nearly flat.

Turnover, a crucial indicator of the market, stood at Tk 8.81 billion, which was 12 per cent higher than the previous day’s turnover of Tk 7.86 billion.

Losers took a modest lead over the gainers as out of 355 issues traded, 139 ended lower, 129 higher while 87 issues remained unchanged on the DSE trading floor.

A total number of 170,163 trades were executed in the day’s trading session with a trading volume of 348.52 million shares and mutual fund units.

The market capitalisation of DSE remained unchanged to Tk 3,997 billion on Monday over the previous session.

Beximco Pharma continued to dominate the turnover chart with 5.94 million shares worth Tk 807 million changing hands, followed by Beximco, SS Steel, Brac Bank and ADN telecom.

Khan Brothers PP Woven Bag Industries was the day’s best performer, posting a gain of 10 per cent while Shinepukur Ceramic was the worst loser, losing 6.79 per cent.

However, the Chittagong Stock Exchange ended marginally lower with its All Shares Price Index (CASPI)—losing 22 points to close at 14,119 while the Selective Categories Index – CSCX shedding 12 points to close at 8,496.

Of the issues traded, 106 advanced, 104 declined and 53 remained unchanged on the CSE.

The port city bourse traded 10.87 million shares and mutual fund units with turnover value of Tk 238 million.

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