The Financial Express

Stocks extend winning streak for second day

| Updated: June 21, 2018 15:58:50

Stocks extend winning streak for second day

Stocks ended higher on Wednesday amid rising turnover value as optimistic investors showed their buying appetite on sector-wise stocks.

DSEX, prime index of Dhaka Stock Exchange (DSE), settled at 5,384, soaring nearly 40 points or 0.74 per cent over the previous session.

Two other indices of the DSE also ended higher.

Of those, DS30 index, comprising blue chips, gained more than 12 points to finish at 1955 and DSE Shariah index advanced nearly 10 points to close at 1,250.

Trading activities also rose with the turnover totalling Tk 6.76 billion, which was 6.45 per cent higher than the previous session’s Tk 6.35 billion.

Of the traded issues, 204 closed higher, 90 closed lower and 43 remained unchanged on the DSE trading floor.

Alif Industries was the most traded stocks on the DSE turnover chart for the third straight session with shares worth Tk 301 million changing hands, closely followed by Khulna Power Company, Western Marine Shipyard, Navana CNG and United Power.

Fu-Wang Food was the day’s best performer, posting a gain of 10 per cent, while the Popular Life Insurance was the worst loser, losing 8.41 per cent.

Chittagong Stock Exchange (CSE) also ended higher with its CSE All Share Price Index (CAPSI) advancing 134 points to settle at 16,618 and its selective categories index, CSCX, gaining 85 points to finish at 10,053.

The gainers beat the losers as 154 issues closed higher, 56 ended lower and 24 issues remained unchanged on the CSE.

The port city’s bourse traded 6.46 million shares and mutual fund units worth more than Tk 196 million in turnover.

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