Stocks maintain uptrend after long weekend
jamunanews: Stocks were up on Monday when investors returned to the market with a fresh buying mood after enjoying a long weekend.
The market was closed on Sunday for the Christmas, making the usual two-day weekend longer by another day.
The activities in the market rose significantly as the market resumed with many investors buying shares for repositioning and booking profit. The higher activities drove the share transactions as well as the price indices up.
The indices at Dhaka Stock Exchange (DSE), however, finished flat in green, with the DSEX closing at 4993.53, DS30 at 1798.25 and DSES at 1181.23.
The indices at Chittagong Stock Exchange (CSE) closed the session
significantly up while its CASPI gained over 130 points to close at 15379.39.
The daily trade volume at DSE surged by 32.51 percent to 40.81 crore shares and the value rose by 20.19 percent to Taka 10.81 crore. Over 3 crore shares changed hands for Taka 68.30 crore at CSE.
Shares prices rose across the board at both DSE and CSE on lively trading. Out of the day's 325 traded securities, 204 gained against 93 losing issues. Similarly, 176 registered good gains at CSE when only 65 were down.
Travel, textile, NBFI, bank, paper and printing were the day's major advancing sectors when jute, IT and telecommunication sectors were down moderately.
The top five gaining issues were Golden Son, HWA Well Textile, Olympic Accessories, Delta Spinning and Peninsula. The major losing issues included Rahima Food, Meghna Petroleum, Marico, VAMLBDMF1 and HR Textile.
BBS topped the turnover lists followed by Olympic Accessories, Apollo Ispat, Beximco and Keya Cosmetic.