ZCZC
BSS-34
STOCK-TUESDAY-CLOSE
Stocks witness recovery for positive stance of BB’s MPS
DHAKA, July 31, 2018 (BSS) – Stock markets witnessed recovery on Tuesday after falling five consecutive days since investors found positive stance in new monetary policy statement of the Bangladesh Bank (BB).
While announcing the MPS, BB Governor Fazle Kabir said there is enough liquidity in the market so there is a favourable environment in the capital market.
In the MPS, BB expected that the recent strategic investment by the Chinese Consortium-Shenzhen Stock Exchange and Shanghai Stock Exchange – will improve capacity and accelerate the development of the capital market.
Furthermore, BB remains supportive of the much-needed shift of the non-financial from the banking system and toward the stock and bond markets.
For a balance growth of the financial system, bond market needs to play a far greater role in upgrading Bangladesh’s investment and growth trajectory.
“The MPS will play a vital role to expand the capital market side by side with the economic development of the country,” said a press release of the Dhaka Stock Exchange (DSE).
The broader index of DSEX of Dhaka Stock Exchange (DSE) closed the session 39.72 points up at 5,302.64. The Shariah DSES and the blue-chip DS30 also followed the same trend with 10.27 points down at 1,251.18 and with 9.73 points up at 1,881.46.
The day’s trade value at DSE rose to Taka 732.47 crore from Monday’s Taka 614.57 crore and the daily trade also rose to 17.19 crore shares from 13.58 crore shares of the previous session.
At DSE, out of the day’s 335 securities, prices of 190 securities closed higher against 104 losing issues.
The major gaining issues were AIL, RSRM Steel, Rupali Life, SIMTEX and Nurani. The major losing companies were Shyampur Sugar, Meghna Pet, Meghna Condense Milk, Beach Hatchery and Dulamia Cotton.
UPGDCL topped the turnover list followed by BBS Cables, Fortune, SAIMAMTEX and Singer BD.
The Chittagong Stock Exchange (CSE) closed the day of the week with downward trend with its major CASPI 81.35 points up at 16,296.11.
At CSE, 239 issues were traded. Of those, 133 closed higher and 75 closed lower when 89.93 lakh shares worth Taka 34.54 crore changed hands.
BSS/KUC/MRU/1813hrs