Stocks continued to make small gains for the fourth straight session yesterday with slightly improved trading activities.
The market opened on a positive note and continued to register a limited rise led by rallies in most sectors, including power, engineering and financial instiutions.
The benchmark index DSEX rose 27 points or 0.7% to close at 4,484. With this rise, the index added around 49 points to the last consecutive four sessions.
The Shariah index DSES was marginally up 3 points to 1,085. The blue chip comprising index DS30 moved up 10 points or 0.7% to 1,721.
The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,383, rising 83 points.
The DSE total turnover stood at Tk383 crore, which is 22% over the previous session’s value.
All large cap sectors closed higher except telecommunications that edged 0.3% down.
The power sector gained highest almost 1%, followed by engineering 0.82%, non-banking financial institutions 0.8%, banks 0.7%, food & allied 0.4% and pharmaceuticals 0.3%.
Shares of 315 companies were traded on the day. Of these, 158 closed positive, 117 negative while 41 remained unchanged.
Aman Feed Limited remained the most favourite among investors with shares worth Tk21 crore changing hands, after the news that the company has decided to sell products of Bengal Feed & Fisheries through Aman’s existing distribution network to all over the country.
The agreement will take effect today and the maximum sales volume of Aman Feed will increase by 8,400MT and the sales amount approximately Tk35 crore during the agreement period and the net profit approximately Tk2.80 crore.
After Aman Feed, other turnover leaders included Beximco Pharmaceuticals, CMC Kamal, Lanka Bangla Finance and Summit Power.