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Stocks continue to inch up

Update : 09 Mar 2016, 06:03 PM

Stocks continued to gain marginally for the third straight session yesterday.

After struggling to stay in positive territory almost the entire session, it went into the negative in the final session briefly just before the close.

The benchmark index DSEX rose nearly 4 points or 0.3% to close at 4,457. In the last three sessions, it gained 22 points.

The Shariah index DSES was marginally up 2 points to 1,082. The blue chip comprising index DS30 moved up almost 1 point to 1,710.

The Chittagong Stock Exchange Selective Category Index CSCX ended at 8,340, rising 24 points.

DSE total turnover stood at Tk330 crore, which is sharply down 42% over the previous session’s value.

Food and allied sector was the highest gainer with a rise of over 1% while engineering sector tumbled at 2.2% after a rally in previous session.

All other sectors like power, pharmaceuticals, non-banking financial institutions, banks, cement, textile and telecommunications closed flat. 

The DSE total turnover stood at Tk301 crore, up 2.5% higher over the previous session’s value.

Shares of 317 companies were traded on the day. Of these, 143 companies closed positive, 119 negative and 55 remained unchanged.

Lanka Bangla Securities said in the absence of market-moving news, investors were somewhat reluctant early in the day.

The risk appetite, however, rose for sector specific stocks backed by the industry news. 

Lanka Bangla Finance was the most traded share with a turnover worth about Tk23 crore.

It was followed by CMC Kamal, Orion Pharma, Singer Bangladesh, IFAD Autos and Aman Feed. 

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