Business Desk :
Stocks posted a marginal rise on Monday, after losing sharply in the previous day, as investors remained cautious amid lack of clear direction.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.81 points or 0.25 cent to settle at 5,532, after losing about 50 points in the previous session.
Market analysts said bargain hunters showed their appetite on sector-wise stocks which saw price erosion in the recent correction.
However, a section of investors remained cautious following the news that daily Covid-19 infections and death are rising alarmingly in recent days in the country, they said.
Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 2.88 points to finish at 2,129 and the DSE Shariah Index (DSES) rose 5.28 points to close at 1,263.
Turnover, a crucial indicator of the market, almost same over the previous day and amounted to Tk 6.23 billion which was Tk 6.22 billion in the previous day.
Gainers took a modest lead over the losers, as out of 354 issues traded, 129 advanced, 103 declined and 122 issues remained unchanged on the DSE trading floor.
Beximco – the flagship company of Beximco Group- was the most-traded stock with shares worth about Tk 620 million changing hands, followed by LankaBangla Finance (Tk 368 million), Robi (Tk 327 million), GBB Power (Tk 310 million) and Bangladesh Submarine Cable Company (Tk 309 million).
Bangladesh Submarine Cable was the day’s top gainer, posting a gain of 8.22 per cent while Hwa Well Textiles was the worst loser, losing 6.28 per cent.
A total number of 128,348 trades were executed in the day’s trading session with a trading volume of 159.75 million shares and mutual fund units.
