Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) rebounded on Tuesday sailing on the buying spree of bargain hunting as well as some institutional investors, reports BSS.
At DSE, indexes observed volatility in the earlier session, but gained momentum afterward ignited by investors bargain hunting as stock prices stood at a lucrative level followed by consecutive corrections.
The optimistic investors opted for bargain hunting accompanied by some institutional investors which led the benchmark index, DSEX resolved in gaining streak.
The broad index, DSEX settled at 4839.85 points on Tuesday with a gain of 30.15 points or 0.62 percent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 11.69 points and 7.50 points to settle at 1649.19 points and 1103.75 points respectively.
On the DSE trading floor, a total number of 139,729 trades were executed in today’s trading session with a trading volume of 251.24 million securities.
DSE’s turnover, a crucial indicator of the market, stood at Taka 5.89 billion from Taka 6.94 billion in the previous session.
Gainers took lead over losers as out of 356 issues traded, 185 securities gained price while 98 declined and 73 remained unchanged.
The market-cap of DSE remained unchanged at Taka 3,926 billion of the previous session.
“Many investors remained on the slide line to observe the market movement due to the upcoming earnings declaration and anxiety over the impact of the second wave of coronavirus, resulting turnover stood more than 2 months low at Taka 5.89 billion, a decline of 15.1 percent compared to last session,” according to a market analyst, EBL Securities.
It said investors’ attention was mostly concentrated on general insurance (37.72%), mutual fund (9.92%) and engineering (7.59%) sectors.
Most of the sectors displayed winning performance, out of which cement (1.9%), ceramic (1.9%) and jute (1.8%) sectors witnessed the highest return while engineering (-3.6%), fuel and power (-0.3%) and tannery (-0.2%) sectors witnessed highest price correction today, said EBL Securities.
Continental Insurance topped the turnover chart followed by Asia Pacific General Insurance, Walton Hi-Tech, Brac Bank, Bangladesh General Insurance, Beximco Pharma, Rupali Insurance, Republic Insurance, Beximco Limited and Northern Islami Insurance.
The top 10 gainers were – Continental Insurance, Asia Pacific General Insurance, Fu-Wang Ceramic, National Feed Mill, Bangladesh General Insurance, Paramount Insurance, Salvo Chemical, Fu-Wang Foods, Anwar Galvanizing and CAPM IBBL Islami Mutual Fund.
The top ten losers were – Walton Hi-Tech, Eastern Insurance, Islami Insurance, Prime Insurance, EBL NRB Mutual Fund, Argon Denims, Northern Islami Insurance, Phoenix Insurance, The IbneSina Pharmaceutical and Bangladesh National Insurance.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also bounced back from the bearish trend of previous sessions.
Selective categories index, CSCX and all shares price index, CASPI rebounded by 50.59 points and 90.47 points to stand at 8310.00 points and 13837.78 points respectively.
At CSE, a total of 9,060,669 share and mutual funds of 264 companies were traded, of which 130 issues advanced while 88 declined and 46 issues remained unchanged.
