Stocks return to green amid low turnover

Stocks edged marginally higher Tuesday after two sessions’ fall with turnover falling further as the investors followed cautious stance. The market saw volatile trading initially, but rest of the session stayed in positive territory amid modest see-saw. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 20.07 points or 0.40 per cent to close at 4,934.78 points. The other two indices also closed in the positive zone. The DS30, comprising blue chips gained 15.31 points or 0.84 per cent to close at 1,822.76 points. The DSE Shariah Index rose 8.67 points or 0.75 per cent to close at 1,156.67 points. The total turnover on DSE came down to Tk 6.68 billion, registering a decline of 5.78 per cent over the previous day’s turnover of Tk 7.09 billion. The gainers took a marginal lead over the losers as out of 303 issues traded, 152 advanced, 111 declined 40 remained unchanged on the DSE floor. The new issue -- Western Marine Shipyard-- was the most traded stock for the seventh session with shares worth Tk 446.10 million changing hands followed by BEDL, The Peninsula Chittagong, Keya Cosmetics and Saif Powertec. Sonali Ansh was the day’s highest gainer, posting a rise of 9.95 per cent while Tallu Spinning Mills was the day’s worst loser, slumping by 33.46 per cent following its no dividend declaration. The port city bourse, Chittagong Stock Exchange (CSE) also closed positive with its Selective Categories Index – CSCX – gained marginally by 14.20 points to close at 9,287.39 points. Gainers beat losers 97 to 94, with 34 issues remaining unchanged at the port city bourse that traded 15.76 million shares and mutual fund units, turnover value of Tk 664.25 million.