Business Report :
Stock market maintained positive momentum for the fourth straight session on Tuesday, with the major index at the prime bourse crossing the upper psychological level again.
The daily transaction, however, declined because of cautious trend in transaction. On Tuesday, the trade value at close was 3.80 percent down at Taka 420.40 crore for 11.31 crore shares. The volume of shares was 2.22 percent lower than Monday’s trade volume.
The benchmark price index of Dhaka Stock Exchange (DSE) crossed 4800 points mark again while it added 15.61 points to its previous position and ended the session at 4801.80. The blue-chip DS30 and the Shariah DSES were also marginally up to finish day at 1837.66 and 1180.42 respectively.
The indices showed strong gain at early trading, but lost some steam later on the day as sale pressures mount, market insider said. The indices finally ended in green on some of positive economic update that attracted investors in scrip specific trading.
Power Grid became the highest gainer of the day with closing nearly 10.0 percent up. Beximco Pharma was the most attractive scrip that alone captured 4.5 percent of the day’s total turnover. Bank, food and allied and telecom sectors also closed the day higher.
Textile and NBFI sectors were down on the day when the most lagging companies were Sonargaon Textile, Deshbandhu Polymer, Meghna Life, Popular Life and Savar Refractories. The number losing securities of the day was 167 among 323 traded issues.
Prices of 106 securities rose moderately, with Power Grid, Anlima Life, Hakkani Pulp, BSRM Limited and Apolo Isphat taking the top five positions.
Beximco Pharma topped the turnover list followed by BSRM Limited, Aman Feed, Islami Bank and AL-Haj Textile.
Chittagong Stock Exchange (CSE) closed Tuesday positive when its CSCX regained nearly 39 points to end at 8944.71.
