Stocks returned to the green territory on Tuesday, snapping the substantial losses in the past seven days, supported by large-cap stocks.
Brokers said the market backed to green as investors are taking position in fundamentally strong issues like Grameenphone (GP) and Square Pharmaceuticals which helped the index to closed higher.
GP, the largest market-cap listed company’s share price surged 0.51 per cent to close at Tk 474.70. Share prices of the second largest market-cap Square Pharma also jumped 1.88 per cent to close at Tk 314.70 after recent correction.
“The premier bourse said on Monday a press briefing that the government and the central bank are playing market-supportive role for the sake of the capital market, which also made investors optimistic,” said an analyst, seeking anonymity.
The DSE also informed that the Bangladesh Securities and Exchange Commission (BSEC) is evaluating only the Chinese investment proposal which the DSE board has put forward.
The market opened on a positive note and the key index of the major bourse gained nearly 60 points within first hour of trading, but rest of the session eroded most of the early gains, finally ended more than 23 points higher.
DSEX, prime index of Dhaka Stock Exchange (DSE), settled at 5,798, advancing 23.85 points or 0.41 per cent after losing 328 points in the past seven sessions.
Two other indices of the premier bourse also ended higher. The DS30 index, comprising blue chips, advanced 14 points or 0.66 per cent to finish at 2,141 and DSES (Shariah) gained 7.48 points or 0.55 per cent to close at 1,256.
However, trading activities remained low as total turnover on the DSE amounting to Tk 3.22 billion, which was 8.26 per cent lower than the previous day’s Tk 3.51 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 168 nudged higher, 106 closed lower and 60 remained unchanged on the DSE trading floor.
Olympic Industries continued to top the DSE turnover chart with shares worth Tk 175 million changing hands, closely followed by Grameephone, Square Pharmaceuticals, Unique Hotel & Resorts, Al-Arafah Islami Bank.
The port city bourse also returned to high with its CSE All Share Price Index – CAPSI—advancing 106 points to settle at 17,955 and selective Categories Index—CSCX – gaining 63 points to finish at 10,836.
Here too, the gainers beat the losers as 110 issues closed higher, 63 lower and 34 remained unchanged on the CSE.
The port city bourse traded 5.10 million shares and mutual fund units worth more than Tk 154 million in turnover.
