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Stocks close on positive note

Staff Correspondent
28 Jun 2022 00:00:00 | Update: 28 Jun 2022 00:48:16
Stocks close on positive note

The stock market ended on a positive note on Monday after a single-day break.

But markets continue to remain volatile as investors’ concerns loomed around rising Covid infections and weak economic trends in the country.

At close, the DSEX up by 19.24 points or 0.30 per cent to settle at 6,320 after losing over 26 points in the previous day.

However, concerns among investors prevail due to the challenges of unfavorable macro indicators namely imported inflation and the mounting pressure on the foreign exchange market, said the EBL Securities.

As a result, the majority of investors have remained conservative in afresh investments in the capital market and favored observing market momentum further, EBL added the note.

Among other indices, the Shariah-based DSES index advanced 1.93 points or 0.14 per cent to settle at 1,380 but the blue-chip comprising the DS30 index edged 1.38 points or 0.06 per cent downed at 2,285. Besides, bourses observed an increase in participation, while turnover has advanced by 17.9 per cent and stood at Tk 700 crore as against Tk 594 crore in the previous session.

On the sectoral front, Textile (18.4 per cent) issues exerted the highest turnover followed by Pharma (11.7 per cent) and Miscellaneous (10.9 per cent) stocks.

Most of the sectors displayed positive returns, out of which Ceramic (1.9 per cent), Services (1.7 per cent), and Textile (1.7 per cent) generated some positive returns while Tannery (-1.0 per cent), Paper (-0.8 per cent), and Telecom (-0.6 per cent) exerted the most negative returns on the bourse on Monday.

Out of the 386 issues traded, 237 advanced, 91 declined, and 58 remained unchanged.

The port city bourse, CSE, also, settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) stood marginally up by 26.2 and 43.7 points respectively.