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BSS-33
STOCK-CLOSED
Investors cheer stocks up
DHAKA, Oct 19, 2020 (BSS) – Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today closed trading extending the upbeat riding on the buying appetite of optimistic investors.
DSE’s prime index stayed positive for the third consecutive session amidst increased participation as bargain hunters continued their buying spree on sector specific issues.
The market started with buoyant mode which has replicated in the past few days and closed in the same direction, but showed some profit booking sell-pressure during the mid-session.
Buoyancy in general insurance, mutual fund, financial institutions and bank sectors helped the benchmark index to close above 4,900 levels after six sessions.
The broad index, DSEX settled at 4902.15 points on Monday with a gain of 24.50 points or 0.50 percent.
Besides two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 14.72 points and 3.34 points to settle at 1690.27 points and 1114.57 points respectively.
On the DSE trading floor, a total number of 167,697 trades were executed in today’s trading session with a trading volume of 286.69 million securities.
DSE’s turnover, a crucial indicator of the market, increased by 19 percent over last session and stood at Taka 7.84 billion from Taka 6.57 billion in the previous session.
Gainers took lead over losers as out of 356 issues traded, 164 securities gained price while 128 declined and 64 remained unchanged.
The market-cap of DSE decreased to Taka 3,986 billion from Taka 3,987 billion of the previous session.
General insurance sector dominated the turnover board with 39 percent of total turnover where top gainers list were comprised of general insurance stocks, according to a market analyst, International Leasing Securities Limited (ILSL).
It said the major sector witnessed better performance today. Among the major sectors based on market capitalization – general insurance (3.5%), mutual fund (3.4%) and financial institution (0.9%) sectors achieved price appreciation while engineering (-2.4%) and textile (-0.8%) sectors witnessed price correction.
The investors’ activity was mostly centered on general insurance (39.0%), pharma (9.1%) and engineering (8.0%) sectors while Beximco pharma (4.3%), Beximco (3.8%) and Provati Insurance (3.5%) led the scrip wise turnover board, added ILSL.
Beximco Pharma topped the turnover chart followed by Provati Insurance, Continental Insurance, BSCCL, Brac Bank, Republic Insurance, Asia Pacific General Insurance, Sonar Bangla Insurance and Bangladesh General Insurance.
The top 10 gainers were – Asia Insurance, Republic Insurance, Dhaka Insurance, Provati Insurance, Sonar Bangla Insurance, SS Steel, Global Insurance, Peninsula Insurance, Peoples Insurance and PHP First Mutual Fund.
The top ten losers were – Savar Refractories, Zahintex, Keya Cosmetics, Sunlife Insurance, Progressive Life Insurance, Alif Industries, Deshbondhu Polymar, Rupali Life Insurance, Tallu Spinning and Eastern Insurance.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also extended green continuing the trend of the previous session.
Selective categories index, CSCX and all shares price index, CASPI increased by 62.73 points and 97.71 points to stand at 8435.38 points and 14031.27 points respectively.
At CSE, a total of 10,779,201 share and mutual funds of 253 companies were traded, of which 111 issues advanced while 96 declined and 46 issues remained unchanged.
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