Stocks edge up for 13th session

stocks Bangladesh

Stocks closed marginally higher today, following a flat session amid profit taking on the previous day.

The trading began on positive note in the morning and saw steady gain till close of the session.

The benchmark index of Dhaka Stock Exchange, DSEX, rose 14 points or 0.4% to 4,680.

The DS30 index, comprising blue chips, witnessed fractional rise of 0.8 points up to 1,771. The DSE Shariah Index, DSES, was up 1.5 points to 1,122.

The Chittagong Stock Exchange Selective Category Index CSCX moved up over 40 points to 8,768.

The bullish sentiment, however, subdued on the day as trading activities declined by 6% to Tk5.22 billion on the DSE.

In its second trading day, new comer Yeakin Polymer gained 16% to Tk37 a share, adding to its first trading day’s jump of 218% on its offer value.

Non-banking financial institutions sector posted the highest gain of over 1.5%, followed by telecommunications 1%.

Banks and pharmaceuticals sectors rose 0.5% and 0.2% respectively. Power sector remained flat in green. Engineering and food & allied sectors lost 0.5% and 0.3% respectively. Mutual Funds got a boost due to 12 straight session’s upward move of the market.

However, gainers took a strong lead over losers as out of total 325 companies traded, 184 ended up, 104 down while 37 remained unchanged.

LankaBangla Finance was the most traded share with a turnover worth around Tk330 million.

It was followed by United Power Generation and Distribution Company Limited, Shahjibazar Power Company Limited, GSP Finance, Jamuna Oil and Bangladesh Submarine Cable Company Limited.

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