Stocks returned to green Wednesday, snapping a two-day losing spell, with turnover dipping below Tk 7.0 billion-mark as investors followed cautious stance.
Market insiders said the market edged up as some optimistic investors took position on sector sector-wise issues.
The market witnessed see-saw movement in the first half of the trading session, but late hour buying spree helped the market closed marginally higher.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in nearly five years back, settled at 6,278, advancing 5.98 points or 0.09 per cent over the previous day.
The two other indices -- the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,261 and 1,381 points, after advancing 5.81 points and 0.26 point respectively.
Turnover, an important indicator of the market, came down to nearly one month low to Tk 6.79 billion, which was 16 per cent lower than the previous day’s Tk 8.13 billion.
The losers took a modest lead over the gainers as out of 331 issues traded, 155 closed lower, 125 closed higher and 51 remained unchanged on the DSE trading floor.
Shahjalal Islami Bank topped the turnover chart with 8.84 million shares of nearly Tk 282 million changing hands, followed by National Tubes, Standard Bank, Fu-Wang Food and Confidence Cement.
Square Textile was the day’s best performer, posting a gain of 7.88 per cent while Keya Cosmetics was the day’s worst loser, plunging by 15.48 per cent following its price adjustment after record date.
The port city bourse Chittagong Stock Exchange (CSE) also edged up after two days with CSE All Shares Price Index (CAPSI) of port city bourse, advancing 5.02 points to close at 19,420.
The Selective Categories Index - CSCX – also advanced 2.99 points to finish at 11,748.
Losers beat gainers as 119 issues closed lower, 92 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 12.34 million shares and mutual fund units worth more than Tk 337 million in turnover.
babulfexpress@gmail.com