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Meek gain for stocks on higher trade

WT24 Desk

Stock market returned to the green zone on Wednesday, with recovering marginally in market indicators those were downward in the past couple sessions, agencies report.  The boarder DSEX index of Dhaka Stock Exchange (DSE) eased up at 4359.39 when the blue-chip DS30 and Shariah DSES closed flat in green at 1667.46 and 1057.30 respectively.

The major CSCX index of Chittagong Stock Exchange (CSE) ended the day with marginal gains to close at 8149.44. The indices at the country’s twin stock exchanges recovered on higher trade particularly around large-cap securities. The trade value at DSE rose to Taka 434 crore and the volume to 10.66 crore shares from Tuesday’s 8.29 crore shares of Taka 339.95 crore.

Similarly, the trade value at CSE was up at Taka 28.45 crore against Taka 21.28 crore of the previous session when the trade volume rose to 82.49 lakh shares over Tuesday’s 72 lakh shares. Despite the higher activities, market remained in favour of buyers as 178 issues incurred loss at DSE against 104 advancing securities and 142 issues were down at CSE over 72 gaining issues.

The top five gaining issues were FEKDIL, Prime Life, Central Insurance, SA Port and MJLBD. The major losers included Phenix Insurance, Islami Bank, Paramount Insurance, 8th ICB and Regent Textile. MJLBD topped the turnover leaders followed by UPGDCL, ACI, Lanka Bangla Finance and IBN Sina.

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