DSEX exceeds 7000-mark again

Stocks extended their winning streak for the second straight session on Wednesday, with the key index of the major bourse crossing 7,000-mark after three days, as investors put fresh bets on large-cap stocks based on the latest quarterly earning declarations. The market opened on a positive note and the core index rose about 58 points within the first hour of trading. But the rest of the session wiped out most of the early gains. DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by19.15 points or 0.27 per cent to settle at 7,016. DSEX added over 90 points in the past two trading days.

Two other indices also edged higher with the DS30 index, comprising blue chips, rose 4.20 points to finish at 2,592 and the DSE Shariah Index gained 6.50 points to close at 1,503. Turnover, an important indicator of the market, stood at Tk 12.66 billion, which was 6.36 per cent lower than the previous day’s tally of Tk 13.52 billion. Market analysts said higher than expected earnings and dividend declarations of some listed companies encouraged the investors to put fresh fund on stocks.

Of the 381 issues traded, 204 ended higher, 126 closed lower while 51 remained unchanged on the DSE trading floor. Beximco - the flagship company of Beximco Group- topped the turnover chart with shares worth Tk 972 million changing hands, closely followed by Bangladesh Shipping Corporation (Tk 585 million), Fortune Shoes (Tk 374 million), Orion Pharma (Tk 364 million) and Bangladesh Building Systems (Tk 290 million). The Chittagong Stock Exchange also ended marginally higher with its All Shares Price Index (CASPI)—rising 45 points to close at 20,567 while the Selective Categories Index – CSCX gained 24 points to close at 12,354. Of the issues traded, 167 advanced, 102 declined and 36 issues remained unchanged on the CSE. The port city bourse traded 16.44 million shares and mutual fund units with turnover value of Tk 533 million.