On the 9th of March, the stocks slipped into the red, halting a 3 day winning streak, as investors who were risk-averse chose to book profits on quick-gaining stocks. The market fluctuated several times as it went positive and negative multiple times before closing marginally lower. However, turnover crossed Tk 10 billion (Tk 1000 crore) after 3 weeks.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went down by 12.99 points or 0.23 per cent to settle at 5,591, after gaining 116 points in the past three straight sessions. The DSE 30 Index, comprising blue chips, also shed 2.57 points to finish at 2,165. However, the DSE Shariah Index (DSES) saw a fractional gain of 0.92 points to close at 1,266.
Turnover, which is another crucial indicator of the market, crossed the Tk 10 billion (Tk 1000 crore) mark after 3 weeks to Tk 10.43 billion (Tk 1043 billion), rising by 45 per cent over the previous day’s turnover of Tk 7.21 billion (Tk 721 crore).
Gainers lost significant ground on the losers as out the 358 issues traded, 157 declined, 80 advanced and 121 issues remained unchanged on the DSE trading floor.
After a two day break, Beximco became the day;s most-traded stock, with shares worth around Tk 1.42 billion (Tk 142 crore), closely followed by Robi (Tk 1.29 billion or Tk 129 crore), LafargeHolcim (Tk 812 million or Tk 81.2 crore), Summit Power (Tk 690 million or Tk 69 crore) and Beximco Pharmaceuticals (Tk 392 million or Tk 39.2 crore).
Lub-rref (Bangladesh), a recent debutant, was the day’s top gainer, posting a gain of 50 per cent, the highest allowable limit on the first trading day. It’s shares closed at Tk 40.50 each, a 50 per cent rise (48.2 per cent) on the offer price Tk 27 each.
Green Delta Insurance was the worst loser, losing 11.30 per cent following its price adjustment after the record date.
A total number of 179,867 trades were executed in the day’s trading session with a trading volume of 244.18 million shares and mutual fund units. The market-cap of DSE also rose to Tk 4,859 billion (Tk 4,85,900 crore) on Tuesday, up from Tk 4,838 billion (Tk 4,38,000 crore) in the previous session.
However, the Chittagong Stock Exchange (CSE) closed marginally higher with the CSE All Share Price Index, CASPI –advancing 6.34 points to settle at 16,268 and the Selective Categories Index, CSCX gaining 3.63 points to close at 9,812.
Of the issues traded, 96 declined, 83 advanced and 63 remained unchanged on the CSE. The port city’s bourse traded 10.99 million (Tk 1.099 crore) shares and mutual fund units with turnover value of Tk 505 million (Tk 50.5 crore).