Stocks rebounded yesterday on higher trade while many investors were booking shares those became cheaper due to continuous price fall in the past few sessions, reports BSS.Stocks recover on higher trade
BSS
Stocks rebounded yesterday on higher trade while many investors were booking shares those became cheaper due to continuous price fall in the past few sessions, reports BSS.
The daily trade volume surged to 19.20 crore shares from Mondays 15.24 crore, with the transaction value increased to Tk 646.56 crore over Tk 644.11 crore of the previous session.
The higher transaction drove prices of many issues up. Out of the days 319 traded issues, 167 gained against 110 losing securities.
The large-cap securities were on the top of the recovery trend, with 145 securities of this cap category closing higher. Mutual funds also recovered considerably when 11 funds out of traded 33 ended up.
A total of 19 funds, however, traded at their previous closing prices.
The days major gainers were Orion Pharma, RD Food, Emerald Oil, NTC and NHFIL. The major losers included Standard Cement, GHCL, Shympur Sugar, Golden Son and Squire Pharma.
Squire Pharma topped the turnover leaders followed by Shasha Denim, BBS, Doreen Power and National Tubes.
Like DSE, Chittagong Stock Exchange (CSE) also recovered significantly, with its CASPI index ending nearly 35 points up at 14332.61.
The daily transaction at CSE, however, was down while the trade volume fell to 1.24 crore shares from Mondays 1.37 crore and value declined to Tk 40 crore over Tk 41.35 crore of the previous session.
Out of the traded 242 issues, 116 closed up against 92 lagging securities.
