Stocks make big leap to siege continuous fall

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DHAKA, Jan 5, 2016 (BSS) – Share trading surged significantly on Tuesday, halting the continuous fall that began on the last trading day of the immediate past year 2015.

The daily transaction at both Dhaka and Chittagong bourses rose considerably, taking the price indices to the positive zone.

The market remained flat in the past three trading sessions as there were some worries prominent among investors. The major concerns were about fresh fund flow to the market and how the central bank would design its half-yearly monetary policy stance scheduled to be announced later this month. The concerns had not yet been over, but a good number of investors returned to buying as prices of many securities fell to a lucrative level for repositioning for future profit booking.

At Dhaka Stock Exchange (DSE), the daily trade value rose by nearly 39.0 percent to Taka 609 crore when the trade volume increased by around 50.0 percent to over 15 crore shares. Similarly, the trade value at Chittagong Stock Exchange (CSE) rose to Taka 39.58 crore from Monday’s Taka 23 crore when the trade volume increased to 1.02 crore shares from 68 lakh of the previous session.

The higher transaction helped price indices regain strength, with DSEX rising by 25.52 points to 4643.25 while the CSCX advancing by 51.54 points to 8638.54.

The two selective indices at DSE also moved up though marginally while investors were mostly active around mid-cap group and mutual funds. The blue-chip DS30 ended the day at 1764.07 and the Shariah DSES finished at 1118.33.

At DSE, 181 securities closed higher against 94 lagging issues when CSE saw 149 issues advancing against 71 losing scrips.

The major gainers were KPPL, BD Welding, KBPPWBIL, Dacca Dye and Salvo Chemical. The major losers were Shympur Sugra, Samata Leather, BIFC, Desh Garment and Savar Refectories.

Beximco topped the turnover list followed by Ifad Autos, Beximco Pharma, KDS Accessories and Emerald Oil.

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