Stocks extend upbeat

Country’s both the bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) today continued winning streak as optimistic investors maintained their buying appetite, reports BSS.

DSE extended gaining streak for the third consecutive session as enthusiastic investors continued their buoyancy on sector specific issues.

Following the previous session, the market made a flying start, but risk-averse investors went for profit booking sell offs in the final hour which eroded the early gain. The broad index, DSEX settled at 5,337.33 points on Tuesday with a gain of 55.95 points or 1.06 percent.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 22.92 points and 9.56 points to settle at 2,011.19 points and 1,214.17 points respectively.

DSE’s turnover, a crucial indicator of the market, stood at Taka 5,825.23 million from Taka 5,084.55 million in the previous session. Gainers took lead over losers as out of 347 issues traded, 199 securities gained price while 46 declined and 102 remained unchanged. Beximco topped the turnover chart followed by Robi, Asia Pacific Insurance, Lanka Bangla Finance and BeximcoPharma.

The top 10 gainers were – Index Agro, Northern Insurance, Rupali Insurance, Sonar Bangla Insurance, Islami Insurance, DGIC, Provati Insurance, RAK Ceramic, BRAC Bank and LIBRAINFU.

The top 10 losers were – Reliance Insurance, National Life Insurance,Jute Spinning, DACCA Dyeing, Tunghai, ANLIMAYARN, Rahima Food, Eastern Insurance, EBL1STMF and IFILISLMF1.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also extended its winning streak continuing the trend of the previous session.

Selective categories index, CSCX and all shares price index, CASPI increased by 173.20 points and 104.55 points to stand at 15,434.91 points and 9,312.29 points respectively.

At CSE, a total of one crore shares and mutual funds of 214 companies were traded, of which 140 issues advanced while 25 declined and 49 issues remained unchanged.