DHAKA, May 12, 2021 (BSS) – Stocks today performed mixed with major indices finishing flat ahead of Eid holiday.
At the end of last trading day before the Eid vacation, DSEX rose by 0.45 percent or 26 points to reach 5,750, while DS30 fell by 0.35 percent to settle at 2,186.
Besides, the port city burse Chittagong Stock Exchange’s (CSE) main index CASPI witnessed 0.55 percent gain to reach 16,658 points.
The turnover, which is one of the major indicators of the DSE, rose by 4 percent to Tk1,453.56 crore.
Following the bull-run trend, 201 companies share price advanced, while 101 companies declined and 64 remained unchanged at the DSE.
EBL Securities noted in the daily market commentary that equity indices of the premier bourse secured the apex position in the last three months as investors are optimistic due to earnings surprises. Besides, investors also prefer to keep funds in the stock market for higher returns.
On top of that, the market stabilization fund of the securities regulator also positively impacted investor confidence towards the bourse of the country.
On Wednesday, investors received the highest return of 5 percent from the service sector, followed by the textile and paper sector.
But, the cement sector witnessed price correction despite most of the companies in this sector posted growth in the third quarter of this fiscal year.
Following the textile sector price hike, Kattali Textile, ML Dyeing, Sonargaon Textile, VFS Thread and Fareast Knitting’s share price rose above 9 percent.
Besides, in the banking sector the newly listed NRB Commercial bank kept gaining streak for the last seven days. During this period its share price rose by 63 percent to Tk19.60 each. The bank declared 7.5 percent cash and 5 percent stock to the shareholders for the financial year 2020 and reported 20 percent growth in earnings per share to Tk2.37, according to the DSE website.
Rupali Bank shares also saw price hike and posted 9.74 percent gain to close at Tk29.30 each. In the last two days its share price rose by 20 percent ahead of declaration dividend and quarterly financial result.
In the daily sector wise turnover chart, general insurance secured the highest position and contributed about 18 percent of the total DSE turnover.
In the script wise turnover chart, Beximco Limited secured the top position with 7.3 percent contribution, followed by National Feed Mill and Lankabangla Finance.