Home ›› 30 Mar 2022 ›› Stock
Dhaka stocks continued to trade in volatile manner with the benchmark DSEX index inching up.
Like previous three sessions, the main index swung between negative and positive throughout the session before managing to settle in the positive territory.
On Tuesday, the DSEX was up over 7 points or 0.10 per cent to close at 6,765. In two sessions, it added only 24 points.
The Shariah-based DSES index saw a fractional drop of 0.48 points or 0.03 per cent to 1,464. The blue-chip DS30 index rose marginally 3 points or 0.12 per cent at 2,471.
The market breadth favoured buyers, however. On the DSE, 178 shares advanced, 150 shares fell. A total of 52 shares were unchanged.
The sentiment remained jittery amid continuous worries on the economic front after looking past the raging war between Russia and Ukraine, dealers say. However, some regulatory measures cause to cheer.
Since the securities regulator instructed stock exchanges about two weeks back to calculate the lower limit circuit breaker at 2 per cent, the market remained almost flat in most of the sessions.
“Markets inched upwards a bit maintaining the green position from yesterday as regulators’ efforts are spurring confidence among investors,” said the EBL Securities in a note.
Investors expect a positive outcome from the upcoming coordination meeting, as the BSEC intends to boost market liquidity through collaboration with market intermediaries, it said.
Hereafter, the trading activity also increased induced by optimism among investors. As a result, bourses observed an increase in participation while turnover has advanced by over 6 per cent to stand at Tk 980 crore as against Tk 920 crore in the previous session.
Financial institution, energy, cement, insurance, ceramic, and textile sectors attracted investors while banks, IT, tannery, and paper stocks faced sell-off.
The port city bourse, CSE, also settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have advanced by 8.8 points and 15.1 points respectively.
