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Friday, October 31, 2014

Thursday, January 17, 2013
Business

Stocks recover after hitting a low

Turnover on the Dhaka Stock Exchange (DSE) yesterday experienced a marked recovery after hitting a five-year low the previous day, thanks to a buying spree in light of the low prices.

The turnover increased 28.65 percent to Tk 134 crore. DGEN, the benchmark general index of the DSE, closed the day at 4,132 points, after gaining 19.51 points or 0.47 percent.

Among the market heavyweights, British American Tobacco Bangladesh Company contributed the most to the day's recovery, IDLC Investments said.

A total of 0.43 lakh trades were executed, with 4.04 crore shares and mutual fund units changing hands on the Dhaka bourse.

The pharmaceuticals sector scored the highest gain among the major sectors, of 0.72 percent, followed by banks at 0.55 percent.

Meanwhile, power gained 0.27 percent, followed by non-bank financial institutions at 0.05 percent and telecommunications 0.28 percent.

Of the 266 issues that traded on the DSE, 144 advanced, 77 declined and 45 remained unchanged.

United Airways appeared among the most-traded stock of the day, thanks to its transaction of 78.95 lakh shares worth Tk 16.84 crore.

RN Spinning Mills and Unique Hotel and Resorts were the next popular stocks of the day.

ACI Formulations posted a 5.49 percent rise, the highest in the day, while Rahim Textile was the worst loser, slumping 3.16 percent.

CSCX, the selective categories index of Chittagong Stock Exchange, closed the day at 8,006 points, after surging 0.33 percent.

Meanwhile, the port city bourse traded 54.77 lakh shares and mutual fund units yesterday, at a turnover of Tk 15.97 crore.

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