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Stocks end slightly up

WT24 Desk
The twin bourses of the country — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) –- gained marginally with bullish turnover on Tuesday, the third trading day of the week. Trading at Dhaka Stock Exchange (DSE) on Tuesday hit a 10-month high, with the daily trade volume reaching at 26.50 crore shares on profit booking selling and the trade value nearing Taka 1,000 crore.

The daily transaction value, which settled at Taka 928.27 crore at the day’s close, was the highest in the past two months. The previous highest trade volume was 27.42 crore shares on October 12, 2014 and the trade value was Taka 1002.33 crore on June 1 last. The higher transaction also took the broader DSEX to nearly seven months high at 4871.81 after the recent high of 4917.33 on January 18, 2015. The DSEX neared 4900-point mark before mid-day as market started upbeat, but it flattened during the later part of the session when profit realisation created a sale pressure centering large and mid-cap securities.

Both the blue-chip DS30 and the Shariah DSES closed the day nine-month high at 1904.75 and 1207.91 respectively. But, the voluminous selling at lower bids resulted in price fall of 129 securities when 157 issues closed moderately higher.

Shares worth Tk 928.27 crore changed hands at the DSE on Tuesday as against Tk 811.71 crore on Monday.  IDLC Finance on its daily market insight said, “Profit realization pressure in Large and Mid-cap stocks flattened the index movement today in spite of the fact that 156 scrips rose today as against decline in 128 scrips.”  “Though market started upbeat pushing DSEX to 4,900 points level, sell pressure took hold in later part of the session making the broad index close at 4871.8 points. Meanwhile, activities flourished today, yielding a two months’ high turnover of Tk 928 crore”, the stockbroker also said.

The day’s top 10 gainers at the DSE were Premier Cement Mills, Beach Hatchery, First Bangladesh Fixed Income Fund, 7th ICB Mutual Fund, Monno Jute Stafflers, Libra Infusions, United Airways, Northern Jute Manufacturing, IBN Sina and bdcom Online.  The top five turnover leaders at the DSE were United Airways, Islami Bank, Lafarge Surma Cement, Beximco and BSRM Steels.

Top five losers of the day were EXIM Bank 1st Mutual Fund, Tallu Spinning, AIBL 1st Islamic Mutual Fund, BSRM Limited, and Prime Bank.  The CSE key index, CASPI gained 25.59 points to reach 14926.92 at close on Tuesday. Of the 261 issues traded, 124 advanced, 96 suffered loss and 41 remained unchanged.  The value of the traded issues at the CSE was Tk 70.12 crore on the day, agencies report.

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