Stocks rebounded on Tuesday, after sharp decline in the previous day, as some investors went on late hours’ buying spree on sector-specific shares.
Market analysts said despite the market rebounded, trading activities remained below Tk 4.50 billion-mark, reflecting the institutional investors mostly followed ‘wait-and-see’ strategy, said an analyst.
The market started the day on a negative note, later in the day optimistic investors started taking position in the undervalued stocks.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 26.39 points or 0.47 per cent to finish at 5,631.
The DSES (Shariah) index also gained 9.91 points to settle at 1,293.
However, the DS30 index, comprising blue chips, fell 3.21 points to finish at 2014 points.
Turnover, another important indicator of the market, fell to Tk 4.38 billion, which was 8.0 per cent lower than the previous day’s turnover of Tk 4.76 billion.
A total number of 112,514 trades were executed in the day’s trading session with trading volume of 87.15 million shares and mutual fund units.
The market-cap of the DSE declined slightly to Tk 4,177 billion, from Tk 4,179 billion in the previous day.
The gainers took a strong lead over the losers as out of 346 issues traded, 233 closed higher, 81 ended lower and 32 issues remained unchanged on the DSE trading floor.
BATBC topped the turnover chart with shares worth Tk 295 million changing hands, followed by United Power, Brac Bank, Dutch-Bangla Bank and Square Pharmaceuticals.
BD Finance was also the day’s best performer, posting a gain of 8.14 per cent while Beach Hatchery was the worst loser, losing 10 per cent.
The port city bourse Chittagong Stock Exchange also ended lower with the CSE All Share Price Index – CASPI – shedding 64 points to settle at 17,209 while the Selective Categories Index – CSCX –losing 41 points to finish at 10,432.
Here too, the gainers beat the losers as 136 issues closed higher, 64 ended lower and 34 remained unchanged.
The port city bourse traded 4.23 million shares and mutual fund units worth Tk 125 million in turnover.
