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Stocks post modest gain on MNCs

| Updated: January 30, 2020 10:53:10


Stocks post modest gain on MNCs

Stocks posted a marginal gain on Tuesday, after a single-day break, as investors showed their buying binge on selective multinational companies.

DSEX, the prime index of the Dhaka Stock Exchange, went up by 17.75 points or 0.39 per cent to settle at 4,510, after losing 35 points in the previous day.

Market analysts said a section of investors showed their appetite on selective multinational companies’ shares amid dividend expectation.

Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 2.46 points to finish at 1,543 and the DSE Shariah Index gained 2.67 points to close at 1,034.

Turnover, another important indicator of the market, stood at Tk 4.67 billion, which was 15 per cent higher than the previous day’s turnover of Tk 4.04 billion.

Gainers took a modest lead over the losers, as out of 355 issues traded, 181 closed higher, 107 ended lower and 67 issues remained unchanged on the DSE trading floor.

A total number of 138,717 trades were executed in the day’s trading session with trading volume of 152.83 million securities.

The market capitalisation of the DSE also rose to Tk 3,446 billion, from Tk 3,442 billion in the previous session.

LafargeHolcim kept its dominance in the turnover chart with shares worth Tk 404 million changing hands, followed by Grameenphone, SS Steel, Paramount Textile and ADN Telecom.

Coppertech Industries was the day’s best performer, posting a gain of 9.95 per cent while SMEL FBSL Growth Fund was the day’s worst loser, losing 6.38 per cent.

The port city’s bourse, Chittagong Stock Exchange, also ended marginally higher with its CSE All Share Price Index - CASPI –gaining 59 points to settle at 13,715 and the Selective Categories Index - CSCX –advancing 35 points to finish at 8,316.

Here too, gainers beat the losers as 114 issues closed higher, 48 ended lower and 38 remained unchanged.

The port city’s bourse traded 7.52 million shares and mutual fund units worth Tk 161 million in turnover.

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