Stocks see sharp rise for 2nd session

Stocks witnessed sharp rise Wednesday for the second running session with turnover hitting 3-week high despite countrywide shutdown as investors put funds on equities amid hope for ending the political crises. The market started in a positive note in the morning and the upward trend continued till the market closure. At the end of the session, the prime index of the Dhaka Stock Exchange (DSE) - DSEX- ended at 4,391.27 points, surging 60.63 points or 1.40 per cent. The DS30 index, including blue chips also advanced 27.03 points or 1.78 per cent to close the session at 1,543.47 points. Turnover value on the DSE improved to Tk 5.40 billion, registering 18.42 per cent rise over the previous session’s value, also 3-week high level since December 17, 2013. Gainers beat losers 224 to 46, with 22 issues closed unchanged on the DSE floor. Activities also increased in the prime bourse. A total of 0.122 million trades were executed with 117.78 million shares and mutual fund units trading volume. The market capitalisation of the DSE stood at Tk 2,712.10 billion against Tk 2,683.99 billion in the previous session. LankaBangla Finance dominated the top turnover chart with shares worth Tk 264.53 million changing hands followed by Golden Son, Beximco Limited, Appollo Ispat and Summit Purbanchol Power Company. Beach Hatchery was the day’s highest gainer, posting a rise of 9.40 per cent rise while Kohinoor Chemicals was the day’s worst losers, slumping by 5.79 per cent. The Chittagong Stock Exchange (CSE) also saw sharp rise, with its Selective Categories Index – CSCX-- gained 137.06 points to close at 8,632.16 points. Gainers beat losers 172 to 32, with 18 issues remaining unchanged at the port city bourse that traded 14.59 million shares and mutual fund units, turnover value of Tk 533.13 million.