Stocks rise for second day
The key indices of the Dhaka and Chattogram stock exchanges rose for the second consecutive trading day yesterday.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), added 17 points, or 0.28 per cent, to close the day at 6,216.
The DS30, the blue-chip index, gained 0.09 per cent to 2,220 while the DSES, the shariah-compliant index, advanced 0.24 per cent to 1,359.
Turnover, a key indicator of the market, surged about 60 per cent to Tk 420 crore. Of the securities traded, 106 advanced, 56 declined and 146 did not show any price movement.
"Shares on the DSE sustained their upward momentum for the second straight session riding on the regulator's assurance that it would not withdraw the floor price until the secondary market gets back its due momentum," said International Leasing Securities Ltd in its daily market review.
All the sectors achieved price appreciation except jute, which fell 0.03 per cent. The IT sector gained 3 per cent, the paper sector rose 2.4 per cent and the general insurance sector was up 1.8 per cent.
Investors' activities were mainly focused on the IT sector, accounting for 19.3 per cent of the day's total turnover. The pharmaceuticals sector represented 9.4 per cent and the life insurance sector made up 9.1 per cent of the turnover.
Bangladesh General Insurance Company made the highest gain with an increase of 9.8 per cent. Emerald Oil Industries, City General Insurance, Pragati Life Insurance, and Metro Spinning were among the top gainers.
Al-Haj Textile Mills was the biggest loser, shedding 1.5 per cent. Meghna Insurance Company, Savar Refractories, Fine Foods, and Imam Button Industries were among the major decliners.
Genex Infosys was the most-traded stock with its issues worth Tk 29 crore changing hands.
ADN Telecom, Shinepukur Ceramics, Bangladesh Shipping Corporation, and Sea Pearl Beach Resort & Spa also registered significant turnover.
The Caspi, the all-share price index of the Chittagong Stock Exchange, went up 27 points, or 0.14 per cent, to close at 18,326.
Of the issues, 46 rose, 40 retreated and 51 did not see any price swing. Turnover decreased 48 per cent to Tk 4.77 crore.