Stocks open month on a high note

December 01, 2020 16:28:28

| Updated:

December 01, 2020 20:16:23

Stocks ended higher on Tuesday, the first trading day of the December month, as bargain hunters showed a buying spree on lucrative issues.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 37.11 points or 0.76 per cent to settle at 4,903.

Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 8.10 points to finish at 1,695 and the DSE Shariah Index rose 6.38 points to close at 1,120.

Market analysts said bargain hunters showed their buying appetite on the sector specific large-cap issues like Grameenphone, Bangladesh Submarine Cable, ICB, Summit Power and Trust Bank.

Turnover, a crucial indicator of the market, however, fell to Tk 6.63 billion, which was 17 per cent lower than the previous day’s turnover of Tk 8.04 billion.

Gainers took a strong lead over the losers as out of 350 issues traded, 149 ended higher, 92 closed lower while 109 issues remained unchanged on the DSE trading floor.

A total number of 140,792 trades were executed in the day’s trading session with a trading volume of 253.47 million shares and mutual fund units.

The market capitalisation of DSE rose to Tk 3,927 billion on Tuesday, from Tk 3,899 billion in the previous day.

Beximco Pharmaceuticals topped the turnover list with 2.21 million shares worth Tk 319 million changing hands, closely followed by Pragati Insurance, IFIC Bank, Beximco and Aamra Network.

Agni Systems was the day’s best performer, posting a gain of 9.82 per cent while United Power was the worst loser, losing 12.92 per cent following its price adjustment after record date.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—soaring 99 points to close at 14,090 while the Selective Categories Index – CSCX rising 59 points to close at 8,486.

Of the issues traded, 106 advanced, 71 declined and 65 remained unchanged on the CSE.

The port city bourse traded 13.12 million shares and mutual fund units with turnover value of more than Tk 268 million.

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