Stocks edge up halting 2-day falling streak
Indices at the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) edged up on Sunday, halting a tw-day losing streak as bargain hunters picked up sector-specific shares.
DSEX, the prime index of the DSE edged up by 11.09 points or 0.23 per cent to settle at 4,782. The DS30 index, comprising blue chips, also gained 6.93 points to finish at 1,685 and the DSE Shariah Index rose 5.17 points to close at 1,099.
Turnover was almost flat at Tk 3.12 billion, against Tk 3.13 billion in the previous session. The losers took a modest lead over the gainers as out of 352 issues traded, 180 closed lower, 129 ended higher and 43 issues remained unchanged on the DSE trading floor.
National Tubes topped the turnover chart with 751,895 shares worth Tk 144 million changing hands.
The other turnover leaders were Standard Ceramic, Monno Jute Stafflers, Insurance, and Summit Power. A total number of 99,538 trades were executed in the day's trading session with trading volume of 104.73 million securities.
The market capitalisation of the DSE also advanced to Tk 3,601 billion on Sunday, from Tk 3,590 billion in the previous session.
Malek Spinning was the day's best performer, posting a gain of 12.17 per cent while Ak-Haj Textile was the worst loser, losing 8.88 per cent.
The CSE with its All Share Price Index - CASPI -gained 35 points to settle at 14,542 and the Selective Categories Index - CSCX -rose 23 points to finish at 8,840.
The losers beat gainers, as 115 issues closed lower, 104 ended higher and 29 remained unchanged on the CSE trading floor. The port city bourse traded 42.62 million shares and mutual fund units worth Tk 516 million in turnover.