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The Financial Express

Bourses extend gaining streak for second day

FE Online Report | Published: February 03, 2020 16:06:41 | Updated: February 05, 2020 11:17:18


Bourses extend gaining streak

Stocks extended the gaining streak for the second day in a raw on Monday as some investors continued their buying binge based on quarterly earnings.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 25.36 points or 0.56 per cent to settle at 4,506 over the previous day.

Market analysts said some investors continued their buying shares based on positive quarterly earnings a number of companies.

Finance minister’s new promise to bring state-run companies into the stock market, also made some investors optimistic.

Two other indices also ended higher. The DS30 index, comprising blue chips, gained 11.12 points to close at 1,536 and the DSE Shariah Index rose 8.03 points to finish at 1,034.

Turnover, a crucial indicator of the market, amounted to Tk 5.06 billion, which was 9.05 per cent higher than the previous day’s turnover of Tk 4.64 billion.

Gainers took a strong lead over the losers as out of 355 issues traded, 196 closed higher, 117 ended lower and 42 remained unchanged on the DSE trading floor.

A total number of 143,613 trades were executed in the day’s trading session with trading volume of 189.53 million shares and mutual fund units.

The market-cap of the DSE also rose to Tk 3,445 billion, from Tk 3,413 billion in the previous session.

LafargeHolcim continued to top the turnover chart with shares worth Tk 408 million changing hands, followed by Khulna Power, Summit Power, Bangladesh Shipping Corporation and Grammeenphone.

Dragon Sweater was the day’s best performer, posting a gain of 9.90 per cent while United Airways was the worst loser, losing 10 per cent.

The port city’s bourse, the Chittagong Stock Exchange, also closed higher with its All Shares Price Index (CASPI)—gaining 60 points to close at 13,711 and the Selective Categories Index - CSCX –advancing 35 points to finish at 8,312.

Here too, the gainers beat losers, as 138 issues closed higher, 74 ended lower and 35 remained unchanged on the CSE.

The port city bourse traded 12.93 million shares and mutual fund units worth Tk 234 million in turnover.

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