Stocks rebound after five-day decline
The indexes of the stock market in Bangladesh rebounded yesterday, snapping a five-day losing streak.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up by 11.15 points, or 0.22 percent, from the previous day to close at 5,145.
Similarly, the DSES, the index that represents the Shariah-based stocks, went up by 4.89 points, or 0.42 percent, to 1,155.
In the blue-chip segment, the DS30 index rose by 8.61 points, or 0.45 percent, to 1,902.
Out of the 396 scrips, 172 saw a hike in prices, while 160 closed lower. The rest of the issues did not see any price movement.
The day's turnover, which measures the total value of share transactions on the DSE, stood at Tk 368 crore, an increase of 1.19 percent compared to the previous day's trading session.
The pharmaceuticals sector dominated the turnover chart, accounting for 19.57 percent of the total.
In the individual category, ADN Telecom Limited emerged as the most-traded share, with a turnover of Tk 14.6 crore.
Sector-wise, general insurance, information technology, and life insurance were the top three sectors that closed in the positive, according to the day's market update by UCB Stock Brokerage.
However, the non-bank financial institutions (NBFIs), jute, and mutual funds became the top three sectors that closed in the negative.
In its market update, Shanta Securities noted that market movement was driven by positive changes in the market capitalisation of life insurance, paper and printing, and general insurance scrips amid negative changes in the market capitalisation of travel and leisure, banking, and financial institution scrips.
Sectors with substantial market capitalisation showed mixed performances, as per the daily market update by BRAC EPL Stock Brokerage.
The telecommunication sector experienced the highest gain of 0.45 percent, followed by pharmaceuticals (0.43 percent) and engineering (0.21 percent).
However, the food & allied sector logged a loss of 0.08 percent, followed by the banking sector (0.39 percent), fuel & power (0.53 percent), and NBFIs (0.97 percent).
At the Chittagong Stock Exchange (CSE), the CSE All-Share Price Index (CASPI), the prime index of the port city bourse, saw a similar rising trend, as the index increased by 12.50 points, or 0.09 percent, to settle at 14,364.
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