Stocks return to green

Stocks returned to the green Tuesday, a day after marginal correction with turnover crossing Tk 7.0 billion-mark once again as investors took fresh position.The prime index of the Dhaka Stock Exchange (DSE) - DSEX went up by 34.14 points or 0.75 per cent to close at 4,584.62 points, peaking highest level since its inception on January 27, 2013. The DS30 index, comprising blue chips also advanced 5.42 points or 0.33 per cent to close the session at 1,614.69 points. The DSE Shariah Index (DSES) went up by 6.41 points or 0.68 per cent to close at 947.69 points.
The total turnover on the DSE stood at Tk 7.10 billion, registering 16.4 per cent increase over the previous session’s turnover value of Tk 6.10 billion. It was the highest turnover in 2014. On Sunday last DSE turnover was Tk 7.08 billion. Gainers beat losers 221 to 56, with 16 issues closed unchanged on the DSE floor. Activities also increased in the prime bourse. A total of 0.159 million trades were executed with 153.24 million shares and mutual fund units were trading volume. The market capitalization of the DSE stood at Tk 2,797.53 billion against Tk 2,780.16 billion in the previous session. Newly listed Mozaffar Spinning Mills dominated the top turnover chart with shares worth Tk 341.23 million changing hands followed by Confidence Cement, Apex Adelchi and Meghna Petroleum. Mozaffar Spinning was also the day’s highest gainer, posting a rise of 353 per cent while Stylecraft was the day’s worst losers, slumping by 6.72 per cent.
The Chittagong Stock Exchange (CSE) also closed higher after previous session’s correction, with its Selective Categories Index – CSCX gained 62.88 points to close at 8,993.99 points.
Gainers beat losers 141 to 74, with 20 issues remaining unchanged at the port city bourse that traded 17.01 million shares and mutual fund units, turnover value of Tk 644.40 million.