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Share trading shows steady rise

WT24 Desk

Share trading at the country’s twin stock exchanges showed steady rise, with transactions in both value and volume increasing further on Wednesday. The price indices at the two bourses also closed the session flat, but in green.  Nearly 12 crore shares worth Taka 471.22 crore traded on Dhaka Stock Exchange (DSE) on Wednesday against Tuesday’s trade value of Taka 460 crore for 11.21 crore shares. The daily trade value and volume at Chittagong Stock Exchange (CSE) also rose to Taka 30.39 crore and 91.95 lakh shares respectively.

With the steady rise in transaction, the broader index at DSE finished the fourth session of the week flat in green at 4580.79 when the CSCX index of CSE closed the day nearly 17 points up at 8603.77.  The two selective indices of DSE – the blue-chip DS30 and Shariah DSES – were also flat and green at their close at 1759.19 and 1120.90 respectively.

The number of gaining issues increased to 143 on DSE against losing 138 securities. At CSE, 115 securities closed higher when 97 incurred loss. Like previous sessions, investors were seemingly repositioning from large- cap securities to mid and small cap groups. As a result, market saw more high-cap issues closing lower when mid and small cap securities gaining at close.

Insurance companies performed mixed, with People Insurance and Janata Insurance taking the third and fourth places among the day’s top five gaining issues. The three other advancing issues among top five gainers were Sino Bangla, GP Isphat and Legacy Foot.

Agrani Insurance, Libra Infusion, Beacon Pharma, Lanka Bangla and Gemini Sea Food were day’s most lagging securities when the top five most liquid scrips included UPGDCL, BSRM Limited, Summit Power, Shasha Denim and Aman Feed, agencies report.

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