Friday, 8th December, 2023
Friday, 8th December, 2023

Stocks open week up on large-cap vibe

Stocks open week up on large-cap vibe

Stocks opened week up on Sunday with all the indices at Dhaka and Chittagong stock exchanges with upwards on higher activities of large-cap securities.

DSEX, the prime index of the DSE, went up by 9.60 points or 0.16 per cent to settle at 5,724.

Two other indices also edged higher. The DSE 30 Index comprising blue chips rose 12.60 points to finish at 2,191 and the DSE Shariah Index (DSES) saw a fractional gain of 0.51 point to close at 1,280.

Top positive index contributors of the market were ROBI, Beximco, Grameenphone, British American Tobacco and United Power, according to data from amarstock.com, a stock market data analyst.

Turnover, a crucial indicator of the market, however, remained below Taka 10 billion-mark to Taka 9.41 billion on the country’s premier bourse, rising by 4.0 per cent over the previous day’s mark of Taka 9.05 billion.

Gainers took a slight lead over the losers, as out of 359 issues traded, 134 advanced, 131 declined and 94 remained unchanged on the DSE trading floor.

Beximco, the flagship company of Beximco Group that rebounded strongly with 8.14 per cent rise—topped the turnover chart with 18.43 million shares worth Taka 1.54 billion changing hands, closely followed by ROBI, Beximco Pharma, BATBC and LankaBangla Finance.

A total number of 152,545 trades were executed in the day’s trading session with a trading volume of 233.85 million shares and mutual fund units.

Miracle Industries was the day’s best performer, gaining 9.85 per cent while newly listed Energypac Power Generation continued to become the worst loser for the third straight session, sliding 6.15 per cent to close at Taka 71.70 each.

The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index – CASPI –gaining by 86 points to settle at 16,675 and the Selective Categories Index – CSCX rising 52 points to close at 10,065.

Of the issues traded, 107 advanced, 87 declined and 60 remained unchanged on the CSE.

The port city’s bourse traded 11.25 million shares and mutual fund units with a turnover value of Taka 434 million.

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