Stocks continued the upward trend for fifth straight day on Monday as some investors brought shares amid positive expectation after the national elections.
Market insiders said the securities regulator’s positive move on margin accounts, lucrative price levels coupled with post-election positive expectation kept the market afloat for five straight days.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,300, advancing 18.31 points or 0.34 per cent over the previous day.
DSEX added more than 81 points in the past five consecutive trading sessions.
The two other indices finished higher. The DS30 index, comprising blue chips, advanced 4.0 points to finish at 1,854 and the DSES (Shariah) index gained 4.59 points to settle at 1,218.
Turnover, another important indicator of the market, remained low as the total turnover amounting to Tk 3.57 billion, which was Tk 3.54 billion in the previous day.
A total number of 96,777 trades were executed in the day’s trading session with trading volume of 94.49 million shares and mutual fund units.
The market cap of DSE increased to Tk 3,831 billion which was Tk 3,819 billion in the previous day.
The gainers took a modest lead over the losers as out of 342 issues traded, 177 closed higher, 127 ended lower and 38 issues remained unchanged on the DSE trading floor.
Khulna Power Company topped the day’s turnover chart with shares worth Tk 181 million changing hands, closely followed by Square Pharmaceuticals, IFAD Autos, Brac Bank and BDCOM Online.
BDCOM Online was the day’s best performer, posting a gain of 8.73 per cent while Pragati Insurance was the day’s worst loser, shedding 5.41 per cent.
The port city bourse CSE edged higher with the CSE All Share Price Index – CASPI – gaining 24 points to settle at 16,222 while the Selective Categories Index – CSCX –advancing 12 points to finish at 9,811.
Here too, the gainers beat the losers as 109 issues closed higher, 83 ended higher and 38 remained unchanged.
The port city bourse traded 6.89 million shares and mutual fund units worth Tk 325 million in turnover.
