Stocks bounce back with increased turnover

Stocks returned to the green zone on Monday, a-day after steep fall, as investors went on a buying spree on lucrative stocks.
Analysts said stocks rebounded as buyers came back to the trading floor after previous day’s panic sell-offs.
Stock trading opened with a happy note in the morning which continued till end of the session. DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,776.15, after recovering 48.02 points or 1.01 per cent.
The two other indices also closed in the higher. The DS30 index, comprising blue chips, gained 18.89 points or 1.05 per cent to finish at 1,813.58. The DSE Shariah Index (DSES) rose 8.38 points or 0.73 per cent to end at 1,144.18.
 Trading at DSE improved to Tk 4.16 billion, which was 23 per cent higher than the previous day’s Tk 3.38 billion.
 The gainers took a strong lead over the losers as out of 316 issues traded, 186 advanced, 102 declined and 28 remained unchanged on the DSE trading floor.
United Commercial Bank Ltd dominated the day’s turnover chart with shares of Tk 178.33 million changing hands followed by Mozaffar Hossain Spinning Mills, Beximco Pharma, Lafarge Surma Cement and Brac Bank.
BSCCL was the day’s best performer, posting a rise of 7.14 per cent while Zeal Bangla Sugar Mills was the day’s worst loser, slumping by 8.69 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also returned to the green with its Selective Categories Index – CSCX – gaining 111.57 points to end at 8,915.84.
Gainers beat losers 156 to 58, with 27 issues remaining unchanged on the port city bourse that traded 10.74 million shares.

Babul/RMC