Dhaka, Bangladesh (BBN) – Bangladesh’s stocks posted a marginal gain Tuesday, snapping the previous day’s sharp correction, as some investors showed their buying appetite on sector specific issues.
Analysts said lucrative price levels coupled with positive support from state-run Investment Corporation of Bangladesh (ICB) helped the market to edge higher.
The market started on positive note and the core index rose about 26 points within first hour of trading. But rest of the eroded some of the early gains. Finally DSE key index ended more than 19 points higher at closing.
DSEX, the prime index of the Dhaka Stock Exchange, settle at 5,258, advancing 19.52 points or 0.37 percent over the previous day.
Two other indices—the DS30 index and the DSE Shariah Index (DSES)–also edged higher. The DS30 index, comprising blue chips, advanced 11.31 points to finish at 1,866 and the DSE Shariah Index rose 10.67 points to close at 1,213.
Turnover, another important indicator of the market, also rose slightly and total turnover amounted to BDT 5.31 billion, which was 2.50 percent higher than the previous day’s BDT 5.18 billion.
The losers, however, took a modest lead over the gainers as out of 336 issues traded, 140 closed lower, 135 lower and 61 securities unchanged on the premier bourse.
A total number of 128,056 trades were executed in the day’s trading session on the DSE with trading volume of 120.95 million securities.
The market capitalisation of the DSE also rose to BDT 3,817 billion on the day which was BDT 3,799 billion in the previous session.
United Power dominated the DSE turnover chart with 1.18 million shares worth BDT 347 million changing hands.
The other turnover leaders were Shepherd Industries, Monno Ceramic Industries, SK Trims Industries and Saiham Cotton Mills.
The low-cap companies dominated the gainers chart with Orion Infusion was the day’s best performer, posting a gain of 9.92 percent while Beximco Synthetics was the worst loser, losing 8.57 percent.
The Chittagong Stock Exchange (CSE) ended slightly higher with its CSE All Share Price Index–CASPI–gaining2.63 points to settle at 16,077 and the Selective Categories Index – CSCX –advancing 4.74 points to finish at 9,739.
The losers beat gainers as 126 issues closed lower, 77 ended higher, with 27 issues remaining unchanged on the CSE.
The port city bourse traded 8.11 million shares and mutual fund units worth BDT 256 million in turnover.