Stocks recover after two days fall
Stocks recovered yesterday after witnessing price correction across the board in the first two trading sessions of the week.
All the market indicators at Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) regained yesterday as prices of majority of issues traded advanced on higher demand.
DSEX - the broader index of DSE - recovered by over 47 points to close higher at 5468.34. The blue-chip DS30 and the Shariah DSES also finished the session up at 1993.15 and 1268.27 accordingly.
The days transactions, however, fell due to cautious trading by both the individual and institutional buyers. The daily trade value was nearly 11.0 per cent down at Tk 957.72 crore as the trade volume fell by over 18.0 per cent to 26.65 crore shares.
Majority of the traded securities ended up on higher demand. Out of the days 326 issues traded, 185 gained against 121 losing issues.
Bank, textile and non-banking financial institution sectors gained most on the day while the top five advancing companies included DSSL, Peninsula, BNICL, MHSML and Salvo Chemical. The major lagging issues were Goldenson, Aramit, Kay and Que, YPL and Alltex.
Islami Bank topped the turnover list, with Beximco, RSRM Steel, Doreen Power and Olympic taking the following top four positions in the chart of the days most active issues.
CSE also showed a strong recovery trend, with its major CASPI index surging by 152.90 points to end the session at 16937.97.
The market was bullish as majority of the traded issues gained at close when over 18 lakh securities changed hands for Tk 49.58 crore.
Out of the days 259 traded issues, 150 gained and 89 incurred loss.
