Dhaka stocks close green
Similar to previous sessions, low-value stocks saw notable price surges, with at least eight companies reaching the upper circuit limit – signaling the maximum allowable increase in a single day
Stocks closed in the green yesterday (13 February), the final trading day of the week at the Dhaka Stock Exchange (DSE), with both indices and turnover experiencing slight gains.
Similar to previous sessions, low-value stocks saw notable price surges, with at least eight companies reaching the upper circuit limit – signaling the maximum allowable increase in a single day.
The DSEX, the broad index of the DSE, rose by 11.9 points, settling at 5,201, up from 5,190 in the previous session, driven by price increases in large-cap stocks. The turnover at the bourse climbed by 2.71% to Tk401.77 crore as investor participation increased.
Out of the stocks traded, 173 declined, 156 advanced, and 71 remained unchanged, according to DSE data.
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On Wednesday, the market had experienced a sharp downturn, with both indices and turnover falling below Tk300 crore amid increased selling pressure.
In its daily market commentary, EBL Securities noted that the DSE's benchmark index managed to close in the green on the week's final session, mainly due to price appreciation in select large-cap stocks, with active investor participation in sector-specific stocks.
"However, speculative and low-value stocks continue to dominate the top gainer list as opportunistic investors chase quick profits amid an uncertain market trend," the commentary stated.
On the sectoral front, textile stocks contributed the largest share to total turnover, accounting for 15.8%, followed by banks at 13.7% and pharmaceuticals at 12.9%.
Silva Pharmaceuticals topped the DSE gainer chart with a 9.80% increase, reaching Tk11.20 per share, followed by Midland Bank, which rose by 7.24% to Tk29.60, Baraka Power with a 6.25% increase to Tk10.20, Tosrifa Industries up 6.04% to Tk22.80, and Silco Pharmaceuticals, which gained 4.40% to reach Tk16.60.
On the other hand, NCCBL Mutual Fund-1 led the losers' list, with a 5.66% decline to Tk5 per unit, followed by Hami Industries, which dropped 5.34% to Tk108, Golden Jubilee Fund, down 4.8% to Tk7.80, IFIL Islamic Mutual Fund-1, which fell 4.44% to Tk4.30, and Prime Bank 1st ICB AMCL Mutual Fund, which decreased by 4.34% to Tk4.40.
Robi Axiata was the top-traded stock of the day, with a trading value of Tk23.32 crore, followed by Bangladesh Shipping Corporation at Tk17.52 crore and Midland Bank at Tk10.62 crore.
Meanwhile, the Chittagong Stock Exchange (CSE) also ended the day on a positive note, with both the Selective Categories Index (CSCX) and the All Share Price Index (CASPI) rising by 21.4 and 47.2 points, respectively.
