Stock market maintain upward momentum in Dhaka, Chattogram

Dhaka, Chattogram stock exchange logos._11zon

The stock markets in Dhaka and Chittagong continued to experience an upward trend on Wednesday, with the main index in Dhaka rising by 16 points.

This follows the upward momentum seen over the last two days, with most companies seeing their share prices increase.

On the Dhaka Stock Exchange (DSE), the DSEX, which is the primary index, increased by 16 points.

The Shariah-based DSES index saw a rise of 2 points, while the DS-30, which tracks select blue-chip companies, increased by 4 points.

In terms of trading volume, the Dhaka market saw a turnover exceeding Tk 45 billion, marking the highest of the week.

The turnover was up from the previous day's Tk 41.2 billion. Among the 398 companies listed on the DSE, 191 experienced price increases, 140 saw declines, and 67 remained unchanged.

Most companies in the A and B categories saw a rise in share prices, while the companies in the Z category experienced a mix of price increases and declines, with the number of gaining and losing stocks being equal.

In total, 39 companies in the Z category saw their share prices either rise or fall, while 19 remained unchanged.

Mutual funds listed on the DSE saw mostly stable prices, with 13 funds experiencing price increases and 5 seeing declines.

In the block market, 37 lakh shares from 39 companies were traded, generating a total value of Tk 1.795 billion. Among these, Singer Bangladesh Ltd. recorded the highest value, selling shares worth Tk 440 million.

Golden Harvest Agro Industries topped the DSE with a 10% price increase, while Midland Bank, with a 5.78% decrease, held the lowest position in the market.

Chittagong Stock Market Shows Similar Growth

Similarly, the Chittagong Stock Exchange (CSE) saw its overall index increase by 72 points. Among the 220 companies involved in trading, 118 saw their prices rise, 64 saw declines, and 38 remained unchanged.

However, despite the rise in indices and the majority of companies' prices increasing, overall trading volume in Chittagong decreased compared to the previous day.

The total turnover for the day stood at Tk 52 million, a significant drop from Tk 119 million recorded on the previous day.

Hami Industries PLC led the CSE with a 10% increase in share prices, while Peninsula Chittagong PLC was at the bottom, seeing a 9.63% drop in its share price. - UNB