Stocks re-bounce after two days’ fall  

Stock market returned to the green zone yesterday after witnessing big slides in the past two trading sessions due to profit-booking selling, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE) regained 42.71 points to close the day at 4556.69 while DS30 recovered by 21.12 points to 1759.60 and the DSES rebounded by 11.24 points to 1106.16.
The daily activities also increased on the day, with the trade value rising to Tk 512.88 crore and the volume to 15.51 crore shares from previous session’s 14.33 crore shares worth Tk 467.70 crore. The higher activities pushed prices of 198 issues at close when 90 finished lower and 25 remained static.
“Market reverted to green zone after two days of correction as buying spree of the investors became active where MNCs (multi-national companies) and other large cap stocks were on the buying spree of investors”, said Lanka Bangla Securities Limited.
Bank, food and allied, cement and textile were the session’s major gaining sectors when fuel and allied, IT and NBFI were the most losing sectors.
Generation Next, Al-Haj Tex, Asia Insurance, ICB1stNRB and Family Tex were the major advancing issues. Among the major losing companies were BD Welding, Ifad Autos, Shympur Sugar, KPCL ad Hakkani Pulp.
United Air topped the turnover list followed by GP, BEXIMCO, KPCL, Heidelberg CEMENT, Family Tex and Summit Power.
Like DSE, Chittagong Stock Exchange (CSE) also bounced back yesterday when the general CSCX index recovered 40.54 points to finish up at 8499.51. Out of the day’s 240 issues traded, 131 gained while 80 closed lower and 29 remained unchanged. A total of 1.73 crore shares worth Tk 45.24 crore changed hands on the day.

Stocks re-bounce after two days fall

Stock market returned to the green zone yesterday after witnessing big slides in the past two trading sessions due to profit-booking selling, reports BSS. The broader DSEX index of Dhaka Stock Exchange (DSE) regained 42.71 points to close the day at 4556.69 while DS30 recovered by 21.12 points to 1759.60 and the DSES rebounded by 11.24 points to 1106.16. The daily activities also increased on the day, with the trade value rising to Tk 512.88 crore and the volume to 15.51 crore shares from previous sessions 14.33 crore shares worth Tk 467.70 crore. The higher activities pushed prices of 198 issues at close when 90 finished lower and 25 remained static. Market reverted to green zone after two days of correction as buying spree of the investors became active where MNCs (multi-national companies) and other large cap stocks were on the buying spree of investors, said Lanka Bangla Securities Limited. Bank, food and allied, cement and textile were the sessions major gaining sectors when fuel and allied, IT and NBFI were the most losing sectors. Generation Next, Al-Haj Tex, Asia Insurance, ICB1stNRB and Family Tex were the major advancing issues. Among the major losing companies were BD Welding, Ifad Autos, Shympur Sugar, KPCL ad Hakkani Pulp. United Air topped the turnover list followed by GP, BEXIMCO, KPCL, Heidelberg CEMENT, Family Tex and Summit Power. Like DSE, Chittagong Stock Exchange (CSE) also bounced back yesterday when the general CSCX index recovered 40.54 points to finish up at 8499.51. Out of the days 240 issues traded, 131 gained while 80 closed lower and 29 remained unchanged. A total of 1.73 crore shares worth Tk 45.24 crore changed hands on the day.