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2019-04-02 10:42:03 BdST

DSE, CSE drive gains on buying spree; turnover rises

Stocks closed marginally higher Monday, the first session of April, as optimistic investors showed their buying appetite on sector-wise shares.

Market analysts said some investors were active in the market amid expected corporate declaration of some companies.

The market opened on upward note and the positive trend sustain until end of the session with modest volatility.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.17 points or 0.20 per cent to settle at 5,503.

The two other indices—the DS30 index and the DSE Shariah Index (DSES) – saw marginal gain.

The DS30 index, comprising blue chips, advanced 4.42 points to finish at 1,971 and the DSE Shariah Index gained 2.21 points to close at 1,277.

Turnover, the crucial indicator of the market, crossed Tk 4.0 billion-mark and amounted to Tk 4.24 billion, which was 17 per cent higher than the previous day’s Tk 3.61 billion.

A total number of 105,492 trades were executed in the day’s trading session with trading volume of 80.99 million shares and mutual fund units.

The market-cap of the DSE also increased to Tk 4,132 billion, from Tk 4,119 billion in the previous day.

The gainers took a marginal lead over the losers as out of 343 issues traded, 163 closed higher, 126 ended lower and 54 issues remained unchanged on the DSE trading floor.

United Power topped the turnover chart with shares worth Tk 367 million changing hands, closely followed by BATBC, Grameenphone, Brac Bank and Monno Ceramic.

The insurance sector performed well as all ten top gainers were insurance companies with Janata Insurance was the day’s best performer, posting a gain of 10 per cent while First Finance was the day’s worst loser, losing 7.01 per cent.

The port city bourse, Chittagong Stock Exchange, ended higher with the CSE All Share Price Index – CASPI – advancing 79 points to settle at 16,882 while the Selective Categories Index – CSCX, gaining 43 points to finish at 10,221.

Here too, the gainers beat the losers as 126 issues closed higher, 80 ended lower and 34 remained unchanged.

The port city bourse traded 4.30 million shares and mutual fund units worth Tk 167 million in turnover.

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