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:

handm listed on couponmatrix.ukphones-co-uk listed on couponmatrix.uktrivago listed on couponmatrix.ukvape-and-juice listed on couponmatrix.ukvintage-inns listed on couponmatrix.ukwalls-and-floors listed on couponmatrix.uk
handm listed on couponmatrix.ukExpress yourself with H&M, the home of affordable basics for work and play. We’ve unearthed the best sales, multibuy deals and exclusive H&M discount codes to help you flit between the seasons affordably! With a great selection of sustainable clothing, know that your H&M haul is designed to withstand the rigours of everyday life, and the frequent H&M promotions and seasonal sales mean you’re free to find your aesthetic on a budget.
phones-co-uk listed on couponmatrix.ukphones.co.uk is part of A1 Comms, a mobile communications retailer founded in 1997. The business started out with 14 high street mobile phone stores in Derbyshire. Customers with a phones.co.uk discount code can find all the top brands, with products from Apple iPhones to Samsung Galaxies available. Manufacturers such as Huawei, Sony and HTC also feature, with the latest smartphones all sold at competitive prices. Business phones are available, and free delivery can help customers save money.
trivago listed on couponmatrix.ukWhen it comes to finding the best prices for hotels, few of us have the time to scour every holiday site on the internet. Luckily, trivago is here to do all the hard work for you! Search for your dream hotel in destinations across the globe and trivago will compare prices from hundreds of leading travel agents to find you the best deal. Book with one of our trivago deals and enjoy a top-rated trip for a fraction of the price. With over 1.8 million hotels in over 190 countries to choose from, your next holiday will be the best one yet.
vape-and-juice listed on couponmatrix.ukVape and Juice is a leading provider of electronic cigarettes and e-liquids. With over 10,000 products in stock, Vape and Juice are your one-stop-shop for all your vaping needs, especially with a Vape and Juice discount code handy! Whether you're an expert seeking to craft your own personalised vape or a newcomer eager to sample some funky flavours, trust Vape and Juice to have something satisfying for you. We know that vaping can be an expensive hobby, which is why we're always on the lookout for quick and easy ways to cut costs. Expect to find discount codes for a variety of Vape and Juice products, including e-cigarettes, e-liquids, and accessories. Whether you're looking for a new mod or some delicious e-liquid flavours, we've got you covered! Be it 10% off your total order or free shipping on orders over £50, we'll make sure you get the best deal possible! If you're looking for an affordable and reliable starter kit, the Vape and Juice Explorer Kit is a perfect choice! For a nominal investment, you'll get everything you need to start vaping, including a rechargeable e-cigarette, USB charger, and three bottles of e-liquid in a variety of flavours. Plus, with Vape and Juice voucher codes you can save even more! So why wait? Get started on your vaping journey today with Vape and Juice!
vintage-inns listed on couponmatrix.ukFrom crackling log fires in the winter to beautiful beer gardens in the summer, there’s nothing quite like a traditional English country pub. Vintage Inns offers over 190 stunning country pubs dotted all over the UK - just grab yourself a Vintage Inns voucher and you could cut the cost of an exciting escape. Whether you’re looking for a peaceful pint, a slap up roast dinner or even a cosy room for the night, Vintage Inns can make your country dreams come true.
walls-and-floors listed on couponmatrix.ukReady to give your home a bit of TLC? At Walls and Floors you’ll find some of the best tiles for your kitchen, living room, bathroom, and beyond. With over 4,000 tiles in stock, whether you’re looking for stunning ceramic tiles for your kitchen splashback, wooden tiles perfect for giving your living room that cosy feeling, or a glass mosaic effect, with your Walls and Floors discount code you can have that show-home ready house in no time.