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.

bt-business-direct listed on couponmatrix.ukcrafters-companion listed on couponmatrix.ukedreams-uk listed on couponmatrix.ukpenhaligons listed on couponmatrix.ukproform listed on couponmatrix.ukredbubble listed on couponmatrix.uk
bt-business-direct listed on couponmatrix.ukBT Business Direct is a top provider of business technology and services in the United Kingdom. It offers flexible packages and discounts on a range of products and services including broadband, phone lines, mobile plans, and more. Visit the store today and use a BT Business Direct promo code to save on your next package, so your business gets the connection and bandwidth it deserves without breaking the bank. At Groupon, we work hard to find the best cost-cutting promotions discounts for BT Business Direct. We know how important it is to save money on business connections, so we regularly update our coupons and deals page with the latest offers. Be sure to check back often for the best savings on BT Business Direct products and services and as always – thanks for choosing Groupon! Looking for a great deal on BT Business Broadband? Check out our offers to save big not just on top-performing software like Microsoft office but the hardware that runs it too! With a BT Business Broadband discount code, you can nab everything from the latest gadgets and mobile phones to printers, routes, laptops and desktop computer. So why wait? Get the best broadband and computing must-haves for your business today with BT Business Direct.
crafters-companion listed on couponmatrix.ukThere is nothing like making something yourself rather than buying it ready-made at a store. The pride washes over you as you sit in a pile of glitter and crepe paper holding up your hand-made gift for your mother on Mothers day. Get your craft on and save money with Groupon's Cafter's Companion discount codes. Founded by Sara Davies (nee Johnson) who graduated from the University of York Management School with first class honours. Crafter's Companion was formed in September 2005. It now has an office in the North-East of England, as well as in California, USA, from where the American side of the business is conducted. Since the launch of the Enveloper, which Sara designed and developed with the help of her father, the company has rocketed. Numerous awards have been won by Sara individually, and by the company as a whole, both in the crafting industry and the business world in general. Innovative products such as the Ultimate Pro and the Rock-a-Blocks have changed the world of crafting and encouraged greater numbers of people into papercrafting. The company has a simple aim of making papercrafting a fun and simple process, and so all products are made with this in mind. For example the extensive range of CD ROMs, which have spear-headed the rise in digital crafting, are made to a 'point-and-click' specification, meaning that even those who are computer illiterate are able to use them. Sara is a regular guest on Ideal World and Create & Craft shopping channels, and also appears on the Home Shopping Network (HSN) in America, Home Shopping Europe (HSE) in Germany, and The Shopping Channel in Canada Time to order the pinking shears, the glitter glue and coloured paper and make a start on some home-made projects. Save money by using Groupon's promo codes.
edreams-uk listed on couponmatrix.ukFrom luxury hotel rooms to the flights and shuttle transfers that get you there, eDreams gives you all you need to enjoy an exotic time abroad at a competitive price. Giving you options to travel to over 20 countries across Europe, America and the Middle East, you’ll want the latest eDreams promo code to bag a bargain on whichever corner of the earth takes your fancy. Whether you’re looking for a budget-friendly retreat or an extravagant escapade, you can trust your travel plans with eDreams.
penhaligons listed on couponmatrix.ukWhen you want to wear scent of sophistication and class, you need to shop at Penhaligon’s. Expert perfumers with over 20 stores nationwide and a history that harks all the way back to Queen Victoria, add on their quintessential British fragrances to your personal perfumes for a fraction of the price with a Penhaligon’s discount code. They also specialise in luxury candles, bath and body lotions for those who prefer their fine fragrances at home, so everyone can enjoy a sample of Penhaligon’s signature extravagance.
proform listed on couponmatrix.ukBegin your fitness journey in the trusted hands of ProForm gym equipment, experts in producing quality workout machines for over thirty years. From tried and trusted treadmills to exercise bikes, cross trainers and steppers, there’s plenty of machinery of which you can put the price down with a ProForm discount code. An ideal workout buddy that can be used in the comfort of your own home, ProForm is great at encouraging even the shyest introvert to push for physical perfection.
redbubble listed on couponmatrix.ukDiscover unique t-shirts, wall art and accessories with RedBubble. This designer-led site is your one stop shop for one of a kind creations - and an awesome way for designers to showcase their creativity and earn money for their art! Make the most of a RedBubble coupon to cut the cost of your next haul - whether you’re after a sweet printed mug or a funny graphic tee, you’re bound to find something that tickles your fancy at RedBubble.com!