Stocks recover after two-day fall
Major indices of the Dhaka Stock Exchange (DSE) yesterday rose, snapping a two-day losing streak.
The DSEX, the benchmark index of the country's premier bourse, added 18 points, or 0.30 per cent, to hit 6,222 points.
The DS30, which represents blue-chip stocks, increased 0.21 per cent to 2,220 points while the DSES, an index comprised of shariah-compliant companies, went up 0.43 per cent to 1,355 points.
Turnover, a key indicator of trade volume in the market, inched up 1.4 per cent to Tk 349 crore.
The stocks bounced back as bargain hunters came up to grab some oversold stocks, International Leasing Securities said in its daily market review.
The markets started with an upbeat note in the morning session and observed a bullish trend during the whole session as investors' buoyancy remained afloat till closure, it added.
The stocks bounced back as bargain hunters came up to grab some oversold stocks, International Leasing Securities said in its daily market review
Almost all sectors achieved price appreciation with paper and printing rising 2.9 per cent, jute advancing 2.6 per cent, and services and real estate edging up 2.1 per cent.
Investor activity was mainly focused on the food and allied sector, capturing 13.7 per cent of the day's total turnover, followed by IT (12.6 per cent) and travel and leisure (11.8 per cent).
Of the securities traded, 87 advanced, 14 declined and 224 did not show any price movement.
Legacy Footwear made the highest gain with an increase of 10 per cent.
Orion Infusion, Zeal Bangla Sugar Mills, Hakkani Pulp & Paper Mills, and Jute Spinners were among the top gainers.
Renwick Jajneswar & Co was the highest loser, shedding 2 per cent.
Bank Asia, Republic Insurance Company, Rangpur Dairy & Food Products, and Sonar Bangla Insurance were also on the list of significant losers.
Sea Pearl Beach Resort & Spa was the most-traded stock with issues worth Tk 30 crore being transacted. Bangladesh Shipping Corporation, Shinepukur Ceramics, Olympic Industries, and Rupali Life Insurance Company also registered significant turnover.
Caspi, the all-share price index of the Chittagong Stock Exchange, gained 57 points, or 0.31 per cent, to close at 18,382 points.
Of the issues traded, 50 rose, 12 retreated and 95 did not see any price swing.
Meanwhile, turnover of the port city bourse surged 48.6 per cent to Tk 12.29 crore.
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