Dhaka, Bangladesh (BBN)-Dhaka stocks returned to green on Tuesday, after remaining down in the past two sessions, as some opportunist investors took position on lucrative stocks.
The market started with a negative note, dipping the 4,400-mark within first 30 minutes of trading, however, recovered the losses in rest of the session, eventually ended slightly higher.
Both bourses – the premier bourse Dhaka Stock Exchange (DSE) and the port city bourse Chittagong Stock Exchange (CSE) experienced downward trend at the closing.
The key index of the DSE earned 1.58 points, while the Selective Category Index of port city bourse dropped 12.23 points at the closing.
By the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,412.51, edging higher by 1.58 points or 0.04 per cent.
The DS30 index, comprising blue chips, advanced 2.39 points or 0.14 per cent to settle at 1,739.65 points.
The DSE Shariah Index (DSES) also saw a fractional gain of 0.70 point or 0.06 per cent to close at 1,084.43 points.
The total turnover on DSE amounted to BDT 4.71 billion, which was 66.43 per cent higher than the previous day’s three weeks’ lowest turnover of BDT 2.83 billion as the new issue ACME Laboratories grabbed BDT 1.41 billion alone.
Losers, however, took a strong lead over the gainers, as out of 315 issues traded, 211 closed lower, 65 closed higher and 39 remained unchanged on the DSE trading floor.
The newly listed ACME Laboratories dominated the turnover chart with 1.41 million shares worth nearly BDT 1.41 billion changing hands, Shahjibazar Power, followed by Lafarge Surma Cement, MJL BD and Beximco Pharmaceuticals.
Dhaka Insurance was the day’s best performer, posting a gain of 5.48 per cent, while FAS Finance was the worst loser, plunging by 11.65 per cent following its price adjustment after record date.
However, the port city bourse Chittagong Stock Exchange (CSE) ended lower for the third straight session with its Selective Categories Index- CSCX – losing 12.23 points to close at 8,248.61 points.
Losers beat gainers 146 to 47, with 28 issues remaining unchanged on the port city bourse that traded 8.45 million shares and mutual fund units with a value of over BDT 393 million.