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Stock Market Sees Increased Trading Amid Continued Growth
The upward trend in the stock market continues, with both the Dhaka and Chittagong stock exchanges reporting higher trading volumes on Tuesday, the third trading day of the week.
Along with gains in the main indexes, most company stock prices and overall trading volumes have surged.
On the Dhaka Stock Exchange (DSE), the main index, DSEX, rose by 8 points. The two other indices—Shariah-based DSES and the blue-chip DS-30—also saw increases, each rising by 4 points.
Most stocks on the DSE saw price increases. Of the 397 companies that traded, 182 saw their stock prices rise, while 138 experienced declines, and 77 remained unchanged.
Stocks in the 'A' category (well-performing companies) and 'B' category (mid-level companies) both experienced price hikes. However, stocks in the 'Z' category (low-performing companies) saw a decline, with 31 out of 97 companies in this category reporting price increases, while 42 saw a drop and 24 remained unchanged.
Of the 36 mutual funds traded, most prices remained stable. However, 12 mutual funds saw price increases, and 7 experienced declines.
In the block market, 29 companies participated in trading, with shares worth 21.67 crore taka being exchanged. Beach Hatchery led with the highest sales, amounting to 7.82 crore taka.
Notable performers included S Alam Cold Rolled Steels, which saw a 10% price increase, while Summit Power Limited experienced a 6.29% drop.
After six consecutive trading days, the total transaction value on the DSE reached the 400 crore taka mark. The total trading on the day amounted to 412 crore taka, up from 338 crore taka the previous day.
Growth Trend Continues in Chattogram
Similarly, Chattogram's stock market also saw an upward trend. The overall index on the Chittagong Stock Exchange (CSE) rose by 35 points.
Out of 205 companies trading, 102 saw stock price increases, 68 experienced declines, and 35 remained unchanged.
The total trading volume on the CSE amounted to Tk 11 crore, a significant rise from the previous day's 4 crore taka.
Among the top performers, Legacy Footwear Limited saw a 10% increase in stock price, while Phoenix Insurance Limited dropped by 10%, placing it at the bottom of the list.