Stocks inch up despite lower transaction

DHAKA, -Stock markets closed on Tuesday marginally up despite lower transaction on higher activities of some large-cap securities, reports BSS.

Bank and engineering were the major advancing sectors while the major lagging sectors included financial institutions, textile and insurance.

DSEX, the major index of DSE, added 21.54 points at close to finish the day at 5,681.26. The DSES for Shariah based securities and the DS30 for blue chip scrip also followed the same trend with a marginal rise to end at 1309.66 and 2043.65 respectively.

The daily trade value declined to Taka 964.79 crore from the previous day’s Taka 1001.33 crore and the volume witnessed a fall of 32.99 crore shares from 33.82 crore shares.

The market was heavily in favour of sellers when out of 326 traded issues, 140 gained and 150 incurred losses.

The large-cap securities were on the top of the downward trend with 125 securities of this cap category closing lower.

The day’s major gainers were IFIC, Jamuna Bank, Standard Ceramic, NCC Bank and RSRM Steel. The day’s major losers were IPDC, Al-Haj Textile, United Finance, Jute Spinners and Standard Insurance.

IFIC topped the turnover leaders followed by Lanka Bangla Finance, Active Fine, Beximco and First Security Bank.

Chittagong Stock Exchange (CSE) also followed the same trend with its CASPI index 62.75 points up at 17,612.03.

The daily trade value was Taka 67.12 crore and the volume was 2.84 crore shares.