Stocks extend upbeat in New Year

Country’s premier bourse, Dhaka Stock Exchange (DSE) closed today at a positive note on the second day of new year amid choppy trading as investors mostly followed cautious stance, reports BSS.

The positive vibe was observed from the beginning of the session and closed in same style, but reported instability during the session. The bargain hunters took position on the lucrative price levels, especially in engineering, telecom, fuel and power, pharma and financial institutions sectors’ stocks which helped index to close 6 points higher. The broad index, DSEX closed at 4459.29 points on Thursday with a gain of 6.0 points or 0.13 percent. Besides, the two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 4.33 points and 5.75 points to settle at 1506.12 points and 1009.41 points respectively.

On the DSE trading floor, a total number of 122,470 trades were executed in today’s trading session with a trading volume of 147.38 million securities.

Gainers took a strong lead over the losers as out of 353 issues traded, 167 securities gained price while 137 declined and 49 remained unchanged. Most of sectors witnessed better performance today. Among the major sectors based on market capitalization – engineering (1.8%), telecom (0.5%), fuel and power (0.7%), pharma (0.4%) and financial institutions (0.5%) sectors achieved price appreciation while bank (- 1.3%), general insurance (-0.9%) and jute (-1.1%) sectors witnessed correction, according to a market operator, international leasing securities.

It added investors’ activity was mostly pinned upon engineering (15.2%), bank (15.2%) and pharma (11.0%) sectors. The top 10 gainers were BBS, Coppertech, ACI, Beximco, National Tea, GQ Ball Pen, Khulna Power, Aman Feed, Olympic Accessories and Saif Power Tech. Khulna Power topped the turnover chart followed by Square Pharma, Shuwrid Industries, LafargeHolchim Bangladesh, Standard Ceramic, Premier Bank, City Bank, Grameenphone and Western Marine Shipyard.

The top 10 losers were ICB Islami Bank, United Air, Matin Spinning, Daffodil Computer, EBL NRB Mutual Fund, Sonarbangla Insurance, City Bank, Rahim Textile, Van Guard AML BD Mutual Fund-1 and Anlima Yarn. On the other hand, the port city bourse, Chittagong Stock Exchange (CSE) also closed in green maintaining the gaining streak of previous session.

CSCX and CASPI increased by 13.29 points and 25.17 points to stand at 8208.44 points and 13545.64 points respectively. At CSE, a total of 6,905,414 shares and mutual fund of 246 companies were traded, of which 138 issues advanced while 89 declined and 19 issues remained unchanged.