Stocks open higher on first trading day of 2019
The first trading session of the New Year ended higher yesterday as investors showed their buying appetite across the board after a four-day holiday.
The major rising sectors were textile, pharmaceuticals and chemicals, fuel and power and insurance. A total of 193 securities of the large-cap group moved up due on higher activities.
Brokers said investors were active on sector-specific issues throughout the session amid new hope in the New Year as the national elections held almost peacefully.
Trading opened yesterday after a four-day holiday, as the market was closed due to national elections, bank holiday and weekly holidays.
Continuing the previous seven days’ gaining streak, the market started with a flying note and remained vibrant throughout the session amid strong buying pressure from the investors.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 5,400-mark once again and ended at 5,465, soaring nearly 80 points or 1.47 per cent.
The two other indices ended higher. The DS30 index, comprising blue chips, advanced 27.41 points to finish at 1,908 and the DSES (Shariah) index soared 12.98 points to settle at 1,245.
Trading activities, however, remained low as total turnover amounting to Tk 5.30 billion, which was 1.48 per cent lower than the previous day’s Tk 5.38 billion.
A total number of 136,917 trades were executed in the day’s trading session with a trading volume of 153.04 million shares and mutual fund units.
The market cap of DSE increased to Tk 3,912 billion which was Tk 3,872 billion in the previous day.
The gainers took a strong lead over the losers as out of 341 issues traded, 264 closed higher, 54 ended lower and 23 issues remained unchanged on the DSE trading floor.
BBS Cables topped the day’s turnover chart with shares worth Tk 313 million changing hands, closely followed by Paramount Textile, Beximco, IFAD Autos and Khulna Power Company.
ML Dyeing was the day’s best performer, posting a gain of 9.76 per cent while National Life Insurance was the day’s worst loser, shedding 6.19 per cent.
The port city bourse CSE ended higher with the CSE All Share Price Index – CASPI – gaining 281 points to settle at 16,730 while the Selective Categories Index – CSCX –advancing 167 points to finish at 10,115.
Here too, the gainers beat the losers as 198 issues closed higher, 39 ended higher and 11 remained unchanged.
The port city bourse traded 10.70 million shares and mutual fund units worth Tk 245 million in turnover.
Source: http://www.theindependentbd.com