Business Desk :
Stocks in Bangladesh returned to the black on Tuesday after falling for two consecutive days, as the general thought that banks may increase their participation in the market.
The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up 39 points, or 0.61 per cent, to 6,470 to end the day.
On Monday, the Bangladesh Bank sent a letter to the Bangladesh Securities and Exchange Commission (BSEC) informing that the banks have the capacity to invest further in the market.
Meanwhile, the turnover, an important indicator of the market, slipped 6 per cent to Tk 1,315 crore, which was Tk 1,400 crore on the previous day.
Of the securities, 146 declined, 127 advanced, and 94 remained unchanged.
Meanwhile, DS30, the blue-chip index of the companies, gained 0.90 per cent and DSES, the shariah-based companies’ index, went up 1 per cent respectively.
Sinobangla Industries surged 10 per cent, Bashundhara Paper Millls rose 9.92 per cent, and Orion Pharmaceuticals advanced 9.90 per cent. Other major gainers included Sea Pearl Beatch Resort & Spa, and Ratanpur Steel Re-Rolling Mills.
Phoenix Finance and Investments declined the most, eroding 10 per cent. Union Capital, National Tea Company, SEML FBLSL Growth Fund, and DBH First Mutual Fund were among the major losers.
Orion Pharmaceuticals was the most-traded stock on the day, with its scrips worth Tk 76 crore. Beximco Ltd, JMI Hospital Requisite Manufacturing, Bangladesh Shipping Corporation, and Eastern Housing also witnessed significant turnover.
The Chittagong Stock Exchange (CSE) also rose on Tuesday.
The CASPI, the all-share price index of the bourse in the port city of Chattogram, up 84 points, or 0.44 per cent, to close at 18,988.
Of the securities, 95 stocks advanced, 121 declined, and 45 remained unchanged.
