Stocks continue rising trend, index hits new high26 July 2021
Economic Reporter :
The stock market continued to rise for the last six consecutive trading days thanks to the increased participation of investors.
Last week, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), crossed 6,365.11 points, which was the market's all-time high since its inception in 2013.
On Sunday, the index rose 19 points or 0.29 per cent to 6,424.21, hitting a new high on the first day of trading after the Eid holidays.
Turnover, another important indicator of the market, went up 7 per cent to Tk 1,354 crore.
At the DSE, 116 stocks advanced, 237 declined and 22 remained unchanged.
The market capitalisation of the DSE stood at Tk 5,350 billion on Sunday, down from the previous session's all-time high of Tk 5,352 billion.
Losers took a strong lead over the gainers as out of 375 issues traded, 237 declined, 116 advanced and 22 issues remained unchanged on the DSE trading floor. Saif Powertec was the topped turnover list with shares worth Tk 682 million changing hands, followed by British American Tobacco (Tk 510 million), Beximco (Tk 393 million), BD Finance (Tk 325 million) and Fu-Wang Ceramic (Tk 309 million).
Fu-Wang Ceramic was the day's best performer, posting a gain of 9.95 per cent while Familytex (BD) was the worst loser, losing 9.43 per cent after an 'abnormal' hike in the recent weeks.
The port city bourse, Chittagong Stock Exchange, also ended higher with its CSE All Share Price Index - CASPI -gaining 103 points to settle at 18,673 and the Selective Categories Index - CSCX -advancing 69 points to finish at 11,216.
Here too, the losers beat gainers, as 178 issues closed lower, 105 higher and 22 remained unchanged on the CSE trading floor.
The port city bourse traded 16.55 million shares and mutual fund units with a turnover value of Tk 408 million.
Familytex BD shed mostly that fell 9.43 per cent followed by Tung Hai Knitting, RN Spinning Mills, C&A Textiles, and Fareast Finance.
Among 305 traded stocks, 105 advanced, 178 dropped and 22 remained unchanged.