Bangladesh’s stocks witness marginal gain at closing

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed a marginal gain on Tuesday after choppy trading as investors were active both sides of trading fence throughout the session.

Analysts said a section of investors sold shares to book profit while some took position sector-wise stocks.

The market opened higher and the key index of the major bourse rose about 25 points within first hour of trading then fell sharply.

But last minutes buying helped the DSEX to close slightly higher.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.02 points.

The Chittagong Stock Exchange (CSE) also ended marginally higher with its CSE All Share Price Index – CASPI – advancing 40 points.

DHAKA STOCK EXCHANGE

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.02 points or 0.20 percent to settle at 5,380 over the previous day.

Two other indices also saw marginal gain. The DS30 index, comprising blue chips, advanced 4.33 points to close at 1,892 and the DSE Shariah Index gained 1.10 points to close at 1,241 points.

Turnover, another important indicator of the market, however, fell to BDT 4.88 billion, which was 11 percent lower than the previous day’s BDT 5.50 billion.

Of the 336 issues traded, 158 closed lower, 153 ended higher and 25 issues remained unchanged on the DSE trading floor.

A total number of 119,619 trades were executed in the day’s trading session with trading volume of 124.28 million securities.

The market capitalisation of the DSE stood at BDT 3,872 billion on the day which was BDT 3,873 billion in the previous session.

United Power Generation & Distribution Company dominated the turnover chart with 1.37 million shares worth BDT 448 million changing hands.

The other turnover leaders were IFAD Autos, Nurani Dyeing, Khulna Power Company and Dragon Sweater.

Pacific Denims was the best performer, posting a gain of 10 percent while Republic Insurance was the worst loser for the second day, losing 9.37 percent.

CHITTAGONG STOCK EXCHANGE

The Chittagong Stock Exchange (CSE) also ended marginally higher with its CSE All Share Price Index – CASPI – advancing 40 points to settle at 16,585 and the Selective Categories Index – CSCX – gaining 23 points to finish at 10,043.

The gainers beat losers as 119 issues ended higher, 86 lower and 33 issues remained unchanged on the CSE.

The port city’s bourse traded 7.78 million shares and mutual fund units worth BDT 342 million in turnover.

BBN/SS/ANS