Stocks edge slightly higher

Stocks edged slightly higher on Sunday, the opening day of the week with turnover improving marginally, as investors took position on lucrative stocks. The market opened higher in the morning and the positive vibe sustained till end of the session amid moderate volatility. At the end of the session, DSEX, the benchmark index of the Dhaka Stock Exchange, went up by 8.15 points or 0.17 per cent to 4,768.30. The two other indices also ended in green zone. The DS30 index, comprising blue chips, gained 4.02 points or 0.22 per cent to 1,818.60. The DSE Shariah Index (DSES) advanced 1.50 points or 0.12 per cent to close at 1,169.16. Turnover, another important indicator of the market, rose to Tk4.57 billion, which was 2.00 per cent higher than the previous session’s Tk4.48 billion. The market breath, however, remained negative as out of 322 issues traded, 143 closed lower, 139 higher and 40 remained unchanged on the DSE trading floor. Bangladesh Steels Re-rolling Mills (BSRM) dominated the day’s turnover chart with shares of Tk195.42 million changing hands followed by Aman Feed, Lafarge Surma Cement, ACI and Al-Haj Textiles. Deshbandhu Polymer was the day’s best performer, posting a rise of 9.93 per cent while Eaxim Bank First Mutual Fund was the day’s worst loser, plunging by 10 per cent. The port city bourse Chittagong Stock Exchange (CSE) also closed slightly higher with its Selective Categories Index – CSCX – gained 4.12 points to end at 8,874. Losers beat gainers 116 to 111, with 24 issues remained unchanged on the port city bourse that traded 9.12 million shares and mutual fund units with a value of Tk302 million.

--Shuvo--