Dhaka, Bangladesh (BBN)- Stocks at both the bourses - Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) - made a turnaround on Monday after experiencing downtrend since Tuesday due to political unrest.
The DSE bounced back on the day after a four-day slump as investors’ opted shares at available prices amid countrywide shutdown enforced by main opposition BNP and its alliance.
However, the turnover at the twin bourses made a slight rise as the participation of the investors was lower than expected.
Despite general strike, trading at the DSE started on time. But presence of investors at different brokerage houses was relatively thin due to hartal and many of them executed trade over phone.
The market shot up almost 130 points within first one hour and rest of the session it witnessed moderate ups and down and finally ended 87 points higher.
The DGEN, the benchmark general index of the Dhaka Stock Exchange (DSE), rose 87.66 points or 1.74 per cent to close at 5,098.90 at the closing of the day’s trading.
The broader All Shares Price Index (DSI) gained 76.17 points or 1.81 per cent to close at 4,280.14. The DSE-20 Index comprising blue-chip shares also advanced 65.55 points or 1.71 per cent to close at 3,878.27.
Prices of most shares on the country’s premier bourse increased. As out of 264 issues traded, 214 advanced, 35 declined and 15 remained unchanged.
The turnover value increased slightly to BDT 4.48 billion against BDT 4.30 billion in the previous session.
All the sectors witnessed gain on the day. Among the major sectors, banks gained 2.24 percent, the most, followed by pharmaceuticals 1.81 percent and fuel and power 1.12 percent.
Non-banking financial institutions (NBFIs) and telecommunications gained 0.91 percent and 0.70 percent respectively.
Jamuna Oil topped the turnover chart with shares worth BDT 217.87 million changed hands.
The other turnover leaders were Grameenphone, Meghna Petroleum, Beximco Limited, Beximco Pharma, LankaBangla Finance, Square Pharma, MJL BD, Titas gas and GPH Ispat.
Northern Insurance was the day’s highest gainer posting a rise of 9.78 percent following its first quarter’s (Q1) earnings declaration while Popular Life Insurance was the worst loser.
Similarly, the port city bourse turnover climbed up to BDT 506.30 million against BDT 479 million recorded on Sunday.
Meanwhile, the CSE benchmark index, CSCX, gained 175.03 points to close at 9712.99. The index lost over 268 points to close at 9537.95 on Sunday.
The bourse lost 131 points, 199 points and 45 points respectively on Thursday, Wednesday and Tuesday. It, however, gained 177 points on Monday.
Of the issues traded at the CSE on Monday, 159 advanced, 24 suffered losses and 7 remained unchanged.
BBN/SSR/AD-30Apr12-11:50 pm (BST)
