Stocks rebounded on positive terrain on Tuesday, snapping a two-day sharp fall, ridding on stock market regulator’s positive steps.
Market analysts said some investors showed buying appetite after the regulator came up with a set of decisions to stop the fall in share prices.
The market opened on positive note and upward trend sustained until end of the session with some volatility.
At the end of the day’s trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.38 points or 0.52 per cent to settle at 5,202.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 10.92 points to finish at 1,846 and the DSE Shariah Index rose 6.32 points to close at 1,205.
Turnover, another important indicator of the market, also crossed Tk 4.0 billion after 13-sessions amounting to Tk 4.15 billion, which was 39 per cent higher than the previous day’s Tk 2.98 billion.
The gainers took a strong lead over the losers as out of 347 issues traded, 194 advanced, 106 declined and 47 issues remained unchanged on the DSE trading floor.
A total number of 115,654 trades were executed in the day’s trading session with trading volume of 108.89 million securities.
The market capitalisation of the DSE also rose to Tk 3,839 billion on Tuesday, from Tk 3,827 billion in the previous day.
National Polymer topped the turnover chart with 1.65 million shares worth Tk 166 million changing hands.
The other turnover leaders were Brac Bank, Genex Infosys, Monno Ceramic and Fortune Shoes.
National Feed Mills was the day’s best performer, posting a gain of 9.87 per cent while Genex Infosys was the worst loser, losing 8.92 per cent.
The port city bourse, Chittagong Stock Exchange, also ended higher with its CSE All Share Price Index – CASPI –advancing 43 points to settle at 15,912 and the Selective Categories Index - CSCX –gaining 26 points to finish at 9,629.
Here too, the gainers beat losers, as 127 issues closed higher, 89 ended lower and 22 remained unchanged on the CSE.
The port city bourse traded 6.57 million shares and mutual fund units worth Tk 175 million in turnover.
