Stocks rise for 3rd day with investors now in buying mood

Stocks in Bangladesh yesterday stretched their gaining streak to three sessions in a row as some investors are now in a buying mood, according to experts. Major indices are seeing a bullish trend as bargain hunters have regained their confidence following the recent initiatives taken by market regulators, International Leasing Securities said in its daily review.

For all latest news, follow The Daily Star’s Google News channel.

As such, the market got off to a flying start and remained buoyant until closure as optimistic investors put fresh bets on sector specific issues, it added. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose by 10 points, or 0.17 per cent, to hit 6,217 points by the end of the day.

With this, the prime index of the country’s premier bourse gained a total of 24 points over the past three trading sessions. The DS-30, which represents blue-chip stocks, edged up 0.01 per cent to 2,209 points while the DSES, an index comprised of shariah-compliant companies, inched forward 0.26 per cent to 1,352 points. Meanwhile, turnover of the DSE, a key indicator of trade in the market, dropped to Tk 531 crore from the Tk 666 crore registered during the previous trading session.

The market got off to a flying start and remained buoyant until closure as optimistic investors put fresh bets on sector specific issues

Of the securities traded, 83 advanced, 46 declined and 195 remained unchanged.

Market movement was driven by positive changes in the market cap of paper and printing, life insurance, and tannery scrips amid negative changes in the market cap of travel and leisure, jute, and bank scrips, Shanta Securities said in its daily market review. Legacy Footwear topped the gainers’ list with an increase of 9.81 per cent while Aamra Technologies was up 9.8 per cent, Intraco Refueling Station advanced 9.51 per cent, Metro Spinning Mills rose 9.27 per cent, and Apex Foods gained 8.25 per cent. Miracle Industries topped the list of losers by shedding 5.38 per cent.

Similarly, Intech Ltd, Jute Spinners, Information Services Network, and Sea Pearl Cox’s Bazar Beach Resort and Spa suffered substantial losses as well. Genex Infosys was the most traded stock with shares worth Tk 36 crore being transacted. Bangladesh Shipping Corporation, Eastern Housing, Intraco Refueling Station, and Orion Pharma also saw significant turnover.

The CASPI, the all-share price index of the Chittagong Stock Exchange, increased by 29 points, or 0.16 per cent, to 18,318 points.

Of the issues traded, 52 rose, 19 retreated, and 66 saw no price movement.

Turnover of the port city bourse fell 92 per cent to Tk 7 crore while it was Tk 96 crore on Thursday.

Tags:

asos listed on couponmatrix.ukbondara listed on couponmatrix.ukcoal-grill-and-bar listed on couponmatrix.ukdreams-beds listed on couponmatrix.uksky-now-tv listed on couponmatrix.ukvalue-lights listed on couponmatrix.uk
asos listed on couponmatrix.ukASOS needs no introduction—if you love online shopping, chances are you’re already an ASOS regular. Stocking loads of top brands, including Topshop, Nike and Calvin Klein, ASOS brings all your fave styles under one (virtual) roof. ASOS is known for its stellar sales, student discounts and free delivery deals, making it easy to stay stylish on a budget. Make the most of an ASOS discount code from Groupon to save on your next ASOS haul.
bondara listed on couponmatrix.ukNo matter your preferences, Bondara’s range of adult toys are designed to tease and please. Discover the irresistible deals and enjoy discreet delivery, so that your desires remain secret. With one the biggest selections of toys, accessories and lingerie items in the country, use a Bondara voucher code to bag a bargain on these private wonders as well as a wealth of other treats and accessories designed to bring a bit of spice to even the most boring bedroom.
coal-grill-and-bar listed on couponmatrix.ukHead on down to your local Coal Grill & Bar and get your BBQ fill - everything from jerk chicken wings to mouthwatering burgers and sumptuous steaks are just begging to be eaten. Be sure to bring one of our Coal vouchers with you to knock a healthy chunk off your bill so you can eat better for less! Bring your family and friends out for dinner and treat them to something special with a little help from us.
dreams-beds listed on couponmatrix.ukGetting a good night’s sleep amongst the hectic hustle and bustle of the modern world can sometimes be a challenge, but Dreams really understand the art of sleeping, and aim to help you make the most of your hours of repose. For over 30 years this British business has been solving all our bedtime dilemmas, and thanks to a passionate approach to bedding products and a knowledge of the latest and most innovative sleeping materials, treating yourself to some bedding using a Dreams discount code is more like an investment.
sky-now-tv listed on couponmatrix.ukNOW is a subscription service and broadband provider that unlocks dozens of Sky channels, HBO box sets and live sporting events at a low monthly cost. Stream epic TV series like Game of Thrones, Succession and the Sopranos with a NOW TV subscription, or you can add Cinema and Sports onto your package to view the biggest blockbusters and live sporting events. With the NOW TV trial, you can give the service a spin for free, and then take advantage of a NOW TV discount code from Groupon for a low-cost monthly subscription. Watch from dozens of compatible devices like smart TVs, laptops, a PS5 or even your smartphone, and enjoy thousands of hours of entertainment live and on catch-up. NOW TV doesn’t tie you down with a long-term membership, so you’re free to come and go as you please!
value-lights listed on couponmatrix.ukFrom cosy bedside lamps to grand chandeliers in the hallways, it’s amazing how a few small bulbs bring a whole home to life. No one understands this better than Value Lights, the UK supplier who – with the aid of a Value Lights discount code – can offer you thousands of lighting options to suit any taste, from contemporary to traditional. So whether you’re looking for integrated ceiling lights for your kitchen or some mini spotlights to illuminate your garden, find the lights you need at a price you’ll like with Value Lights.