United Commercial Bank (UCB)

Dhaka, Tuesday

21 March 2023

Business Insider Bangladesh

DSE ends 3-day losing run

BI Report || BusinessInsider

Published: 18:17, 1 February 2023   Update: 19:24, 1 February 2023
DSE ends 3-day losing run

Graphics: Business Insider Bangladesh

The Dhaka bourse on Wednesday broke a three-day losing streak and gain 10 points despite most shares either dropping or remaining unchanged.

Mostly, IT stocks helped the index close in green on the day. Out of the 10 companies in this sector, nine gained while only one ended in red.

Trading started with an increase in the prices of most companies. At the beginning of the transaction, the main index of the DSE rose by 8 points. This upward lasted until the end of the transaction.

DSEX, the prime index of the Dhaka Stock Exchange DSE, gained 10.13 points or 0.16 percent to settle at 6277.18 as against 6267.05 points in the previous trading session. The DSE Shariah Index (DSES) advanced 3.96 points or 0.29 percent to finish at 1369.97. The DSE 30 Index, comprising blue chips, closed 4.36 points higher or 0.19 percent to close at 2223.96.

Turnover, a crucial indicator of the market, jumped by 1.22 percent and stood at Tk 580.07 crore at the end of the day. It was Tk 573.09 crore at the previous session on Tuesday.

Shares of the 330 issues were traded on the day, of which 40 closed in green, 126 in red and 164 showed no price movement.

GENEXIL was the day’s best performer on the day, posting a gain of 9.02 percent. JHRML was the second-best gainer (7.59 percent), followed by SPCERAMICS (7.17 percent), ITC (5.48 percent), and AAMRANET (5.2 percent).

On the other hand, PRAGATILIF had the sharpest fall, shedding 2.71 percent, followed by SANDHANINS (-2.68 percent), MEGHNALIFE (-2.51 percent), SONALILIFE (-2.29 percent), and NHFIL (-2.11 percent).

GENEXIL was the most traded by value with its shares worth Tk 87.99 crore changing hands on the day. EHL, which was the second most-traded stock, had a turnover of Tk 34.64 crore followed by BSC at 33.68 crore, AAMRANET at Tk 32.35 crore, and SPCERAMICS at Tk 27.21 crore.

In the sectoral front, IT was the best performer in the session. The total turnover in this sector was Tk 162.60 crore, which was 30.44 percent of the total turnover. The Pharmaceuticals and Chemicals sector was in the second position with Tk 52.40 crore turnover (9.81 percent), followed by Services and Real Estate Tk 44.83 crore (8.39 percent), Life Insurance Tk 43 crore (8.05 percent), and Food and Alliance with Tk 40.90 crore (7.66 percent).

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index - CASPI – gaining 26 points to settle at 18540.06 and the Selective Categories Index - CSCX shedding 16.06 points to close at 11113.84.

Of the 160 issues traded, 32 declined, 51 advanced and 77 issues remained unchanged on the CSE.

The port city's bourse traded 14.98 lakh shares and mutual fund units with turnover value worth about Tk 8.44 crore.