Stocks bounced back in the gaining streak on Tuesday, after a single-day break, as investors showed buying interest on sector-wise large-cap shares.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 20.98 points or 0.29 per cent to settle at 7,072, after losing 12.50 points in the previous day.
Two other indices also posted modest gain. The DS30 index, comprising blue chips, advanced 2.60 points to finish at 2,610 and the DSE Shariah Index gained 1.82 points to close at 1,511.
Turnover, the most important indicator of the market, stood at Tk 14.50 billion, which was 1.54 per cent higher than the previous day’s tally of Tk 14.28 billion.
Market analysts said the investors went on buying binge on selective large-cap stocks based on the latest quarterly earnings results amid declining coronavirus infection rates in the country.
The investors hope that the economic activities of the country will continue as usual riding on favourable macroeconomic indicators, according to a merchant banker.
Of the 380 issues traded, 176 advanced, 149 declined and 55 issues remained unchanged on the DSE.
A total number of 240,074 trades were executed in the day’s trading session with a trading volume of 339.68 million securities.
The market capitalisation of the DSE rose to Tk 5,667 billion on Tuesday, up from Tk 5,657 billion in the previous session.
Bangladesh Shipping Corporation, which lost 4.34 per cent further, was the most traded stock with shares worth Tk 706 million changing hands, followed by Islami Bank (Tk 578 million), Beximco (Tk 525 million), Fortune Shoes (Tk 475 million), and Bay Leasing & Investment (Tk 431 million).
Bay Leasing & Investment was the day’s top gainer, posting a 10 per cent rise while Meghna Pet Industries was the worst loser, losing 4.78 per cent.
The Chittagong Stock Exchange (CSE) also rebounded with the CSE All Share Price Index – CASPI –gaining 39 points to settle at 20,714 and the Selective Categories Index – CSCX—rising 23 points to close at 12,444.
Of the issues traded, 143 advanced, 127 declined, and 33 issues remained unchanged on the CSE.
The port city bourse traded 22.87 million shares and mutual fund units with a turnover value of Tk 638 million.