Saturday, 18th May, 2024
Saturday, 18th May, 2024

Stocks maintain gaining streak

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) on Monday also witnessed upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism.

After a big jump in the first session the year, DSEX, the prime index of the DSE, went up by 33.36 points or 0.59 per cent to settle at 5,652.33. It has been the highest since March 14, 2019, when DSEX was 5,655.

The DSE 30 Index, comprising blue chips, also gained 12.82 points to finish at 2,091.78. However, the DSE Shariah Index (DSES) dropped 1.64 points to close at 1,297.88.

The DSE trade volume also recorded an all-time high as trading volume stood at more than 741.76 million shares and mutual fund units, breaking the previous high of 703.42 million recorded on January 23, 2017.

Turnover, a crucial indicator of the market, stood at Taka 21.93 billion on the country’s premier bourse, climbing further by 14 per cent over the previous day’s mark of Taka 19.25 billion.

Gainers took a modest lead over the losers, as out of 362 issues traded, 157 closed green, 142 in the red and 63 remained unchanged on the DSE trading floor.

Beximco topped the turnover chart with 40.36 million shares worth Taka 2.53 billion changing hands, followed by Beximco Pharma, LankaBangla Finance, LafargeHolcim and IFIC Bank.

AIBL First Islamic Mutual Fund was the day’s best performer, posting a gain of 10 per cent while BD Finance was the worst loser, losing 7.74 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -advancing 107 points to settle at 16,372.39 and the Selective Categories Index – CSCX gaining 60 points to close at 9,871.16.

Of the issues traded, 147 advanced, 104 declined and 40 remained unchanged on the CSE.

The port city’s bourse traded 43.19 million shares and mutual fund units with a turnover value of Taka 815 million.

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