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Bangladesh’s stocks bounced back yesterday enabling investors to recoup some of their losses incurred in the previous two days.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), soared 63 points, or 0.94 per cent, to 6,739 yesterday. The CASPI, the key index at the Chittagong Stock Exchange (CSE), soared 140 points, or 0.72 per cent, to 19,641.
“The bargain hunters opted for shares of their preferred company at a cheaper price. The investors regained hope as the Ukrainian and Russian negotiators have agreed to hold talks in Belarus,” said International Leasing Securities Ltd in its market review.
But turnover declined to the lowest of the year at Tk 730 crore, which was 20.3 per cent lower than that of the previous session, it added.
Stocks of Beximco Ltd traded the most worth Tk 55 crore followed by Bangladesh Shipping Corporation, Anwar Galvanizing, Fortune Shoes, and Sonali Paper and Board Mills.
Among the sectors, paper & printing, jute and general insurance witnessed highest price appreciation, whereas cement, travel & leisure, and ceramic sectors recorded prices decline.
The gainers took a strong lead over the losers, as out of 377 issues traded, 314 advanced, 36 declined and 27 remained unchanged on the DSE floor.
“The investors’ attention was mainly concentrated on textile, miscellaneous, and engineering,” said the market review.
All the large-cap sectors witnessed positive performance, said BRAC EPL Stock Brokerage Ltd in its market update.
Meghna Condensed Milk topped the gainers’ list that rose 9.93 per cent followed by Alltex Industries, Imam Button, Meghna Pet Industries, and Sonar Bangla Insurance.
Crown Cement shed the most dropping 3.26 per cent followed by Kattali Textiles, SEML IBBL Shariah Fund, and Olympic Industries.
(TDS)
