Stocks rise for fourth day
The stock index in Bangladesh continued to rise for a fourth consecutive day yesterday while turnover of the market reached nearly Tk 900 crore after 14 working days.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose 20 points, or 0.31 per cent, to 6,683 at the end of the day. In the last four days, the index rose 200 points.
Turnover of the DSE also surged 18 per cent to Tk 895 crore from the previous day's Tk 754 crore.
The investors showed their interest and put fresh bets on sector-specific issues, said International Leasing Securities in its daily market review.
The institutional fund flows to the market created a bullish vibe among investors that significantly increased their participation.
At the day's end, DS30, the blue-chip index, gained 8.05 points and the DSES, the Shariah-based index, lost 3.08 points.
The gainers took a modest lead over the losers as out of a total of 381 issues to undergo trade, 200 advanced, 142 declined, and 39 remained unchanged.
Among the sectors, general insurance rose 1.9 per cent, travel and leisure 1.4 per cent and financial institutions 1.2 per cent.
According to the turnover, investors' attention was mainly concentrated on miscellaneous (14.1 per cent), financial institutions (13.7 per cent) and pharmaceuticals and chemicals (13.5 per cent).
Union Insurance Company topped the gainers' list with a rise of about 9.85 per cent. Alltex Industries, Sena Kalyan Insurance Company, Republic Insurance Company and National Tea Company also saw major gains.
Samorita Hospital shed the most with a 4.98 per cent drop. Beach Hatchery, JMI Hospital Requisite Manufacturing, Jamuna Bank and Crown Cement were among those suffering heavy losses.
Beximco became the stock to be traded the most with shares worth Tk 62 crore changing hands followed by IPDC Finance, Orion Pharma, Bangladesh Shipping Corporation and Fortune Shoes.
Chittagong Stock Exchange (CSE) also rose yesterday. The CASPI, the main index of the CSE, soared 52 points, or 0.26 per cent, to close the day at 19,645.
Of the 289 stocks to undergo trade, 151 rose, 108 fell and 30 did not see any price movement.
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