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Stocks edge up after two-day slump

FE Online Report | Published: October 20, 2019 17:46:20 | Updated: October 21, 2019 11:17:35


Stocks ended marginally higher on Sunday, snapping a two-day slump, as bargain hunters showed their buying appetite on sector-specific shares.

Market analysts said despite the edge up, worries remained amid depressed market outlook.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.09 points or 0.23 per cent to settle at 4,782.

Two other indices also closed marginally higher. The DS30 index, comprising blue chips, gained 6.93 points to finish at 1,685 and the DSE Shariah Index advanced 5.17 points to close at 1,099.

Total turnover remained almost flat over the last session as the investors adopted ‘wait-and-see’ stance.

Turnover, another important indicator of the market, stood at Tk 3.12 billion, against Tk 3.13 billion in the previous session.

The losers took a modest lead over the gainers as out of 352 issues traded, 180 closed lower, 129 ended higher and 43 issues remained unchanged on the DSE trading floor.

National Tubes topped the turnover chart with 751,895 shares worth Tk 144 million changing hands.

The other turnover leaders were Standard Ceramic, Monno Jute Stafflers, Insurance, and Summit Power.

A total number of 99,538 trades were executed in the day’s trading session with trading volume of 104.73 million securities.

The market capitalisation of the DSE also advanced to Tk 3,601 billion on Sunday, from Tk 3,590 billion in the previous session.

Malek Spinning was the day’s best performer, posting a gain of 12.17 per cent while Ak-Haj Textile was the worst loser, losing 8.88 per cent.

The port city bourse, Chittagong Stock Exchange, also edged up with its CSE All Share Price Index – CASPI –gaining 35 points to settle at 14,542 and the Selective Categories Index - CSCX –advancing 23 points to finish at 8,840.

Here too, the losers beat gainers, as 115 issues closed lower, 104 ended higher and 29 remained unchanged on the CSE trading floor.

The port city bourse traded 42.62 million shares and mutual fund units worth Tk 516 million in turnover.

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