Dhaka stocks, which ended Monday flat and witnessed fall in the previous few trading sessions, made a strong turnaround on Tuesday on earning declarations.
DSEX, the benchmark index of Dhaka Stock Exchange (DSE), rose substantially by 1.25 percent or 56.52 points to reach at 4562.96 after falling down to the psychological support level of 4,500 points.
The blue-chip DS30 also followed the general index with 1.30
percent or 21.44 points rise to 1668.98 when the Shariah DSES index eased up by 0.77 percent of 7.74 points to finish the day at 1010.59.
The day’s trade volume increased to 9.20 crore shares and the trade value to Taka 447.95 crore.
The day’s trading saw more advancing issues than Monday’s when share prices of 236 companies gained, 43 fell and 13 remained unchanged.
Earning declarations couple with lucrative prices played vital role in market to determine top gainers of the day, says IDLC Finance in its daily market update.
GP became the top turnover leader in value with transactions of 18.17 lakh shares worth Taka 49.13 crore after the company announced Tk. 516 crore quarterly profits. The share price of this telecom giant, however, increased marginally due to high sale pressure.
The other top shares by value were Heidelberg Cement, Meghna Petroleum, Olympic Industries and Emerald Oil Industries.
Meghna Cement, Beach Hatchery, Salvo Chemical, National Housing and Continental Insurance took places in the top ten gainers list.
In sectoral performance, non-life and life insurance led gaining ladder by 3.59 percent and 2.99 percent respectively.
The day’s major losing issues included Gemini Sea Food, eastern Lubricant, Singer Bangladesh, Renwick Jajneswar and Dutch-Bangla Bank.
Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) gave consent to City Bank for raising capital of Taka 300 crore only through issuance of non-convertible coupon bearing subordinated bond.
ACI informed the DSE that the board of directors of the company decided to invest Taka 7.8 crore through exercising the Right Issue of 78,000 shares of Taka 1,000.00 each offered by ACI Salt Limited, a subsidiary of this company.
