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The Financial Express

Stocks post modest gain after two-day

FE Online Report | Published: February 02, 2020 17:53:37 | Updated: February 03, 2020 16:06:41


Stocks post modest gain after two-day

Stocks posted a modest gain on Sunday, snapping as two-day losing streak, as some investors showed buying binge on sector-wise shares after city corporation election.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.85 points or 0.26 per cent to settle at 4,481, after losing 41 points in the past two days.

Market analysts said some investors went on buying shares amid positive earnings and interim dividend declared by a number of companies.

A leading broker said many investors worried about the recent volatility of the market and maintained cautious stance.

The DS30 index, comprising blue chips, also gained 0.99 point to finish at 1,525. The DSE Shariah Index shed 1.49 points to close at 1,026.

Turnover, a crucial indicator of the market, amounted to Tk 4.64 billion, which was 5.69 per cent higher than the previous day’s turnover of Tk 4.39 billion.

Gainers took a modest lead over the losers as out of 356 issues traded, 165 closed higher, 137 ended lower and 54 remained unchanged on the DSE trading floor.

A total number of 137,357 trades were executed in the day’s trading session with trading volume of 173.51 million shares and mutual fund units.

The market-cap of the DSE also rose to Tk 3,413 billion, from Tk 3,408 billion in the previous session.

LafargeHolcim continued to top the turnover chart with shares worth Tk 426 million changing hands, followed by Summit Power, Khulna Power, ADN Telecom and Bangladesh Shipping Corporation.

Mercantile Insurance was the day’s best performer, posting a gain of 9.92 per cent while Shympur Sugar Mills was the worst loser, losing 7.78 per cent.

The port city’s bourse, the Chittagong Stock Exchange, also ended marginally higher with its All Shares Price Index (CASPI)—gaining 65 points to close at 13,651 and the Selective Categories Index - CSCX –advancing 41 points to finish at 8,277.

Here too, the gainers beat losers, as 123 issues closed higher, 95 ended lower and 23 remained unchanged on the CSE.

The port city bourse traded 10.52 million shares and mutual fund units worth nearly Tk 272 million in turnover.

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