Stocks rise amid low turnover
The key indexes of the stock markets in Bangladesh rose yesterday although investors' participation remains low amid ongoing economic uncertainty.
The DSEX, the benchmark index of the Dhaka Stock Exchange, rose for the second consecutive day, adding 23 points, or 0.38 per cent, to close at 6,235.
The DS30, the blue-chip index, was up 0.62 per cent to 2,214, while the DSES, the shariah-compliant index, increased 0.79 per cent to 1,370.
Turnover surged 34.5 per cent to Tk 449.4 crore from a day earlier.
The gainers took a modest lead over the losers as out of a total of 304 issues traded, 51 advanced, 26 declined, and 227 remained unchanged.
Among the sectors, jute saw the highest appreciation at 6.3 per cent, while the travel sector added 3 per cent and the IT sector advanced 2.7 per cent.
The paper sector fell 0.6 per cent and the life insurance sector slid 0.4 per cent.
Following the last session's upward movement, the market started positively yesterday and the bargain hunters showed their buying interest in sector-specific stocks at lucrative prices throughout the session, said International Leasing Securities Limited in its daily market analysis.
Monno Ceramic Industries topped the gainers' list, advancing 7.96 per cent. Jute Spinners, Monno Agro & General Machinery, Gemini Sea Food, Sonali Aansh Industries, and Aamra Networks rose more than 7 per cent.
Orion Infusion suffered the sharpest fall on the day, retreating 7.49 per cent. Chartered Life Insurance Company, Apex Foods, Bangladesh Welding Electrodes, and Progressive Life Insurance Company Ltd were among the major losers.
Aamra Networks witnessed the highest turnover on the day with its shares worth Tk 24.48 crore changing hands.
Genex Infosys, Chartered Life Insurance, Bashundhara Paper Mills and Robi Axiata also saw significant turnover.
The Caspi, the all-share price index of the Chittagong Stock Exchange, added 89 points, or 0.48 per cent, to close at 18,408.
Of the issues, 38 rose, 12 retreated and 102 did not see any price movement.
Turnover, however, fell to Tk 6.92 crore from Tk 10.02 crore a day earlier.