The uptrend in the stock market continues, with both the Dhaka and Chittagong stock exchanges reporting increased trading on the third trading day of the week, Tuesday.
Along with the rise in the main indexes, the prices of most companies' stocks and overall trading volume have also 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 stock index DS-30—also saw increases, with both rising by 4 points each.
Most stocks on the DSE experienced a price increase. Out of 397 companies that participated in the trading, the stock prices of 182 companies went up, while 138 saw a decrease and 77 remained unchanged.
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In terms of category-wise performance, stocks in the 'A' category, which represents well-performing companies, and 'B' category stocks, representing mid-level companies, saw price hikes.
But the 'Z' category, which includes companies with lower performance, saw a decline in stock prices. Among the 97 companies in this category, 31 saw price increases, while 42 experienced a drop, and 24 companies had unchanged stock prices.
Of the 36 mutual funds that traded, the prices of most remained unchanged. In contrast, 12 mutual funds saw price increases, while 7 experienced a decrease.
In the block market, 29 companies participated in trading, with shares worth 21.67 crore taka being sold. Beach Hatchery led the pack with the highest sales, reaching 7.82 crore taka.
In terms of performance, S Alam Cold Rolled Steels saw a notable price increase of 10%, topping the list, while Summit Power Limited experienced a 6.29% drop, landing at the bottom of the market.
After six consecutive trading days, the total transaction on the DSE has now reached the 400 crore taka mark. The day’s total trading amounted to 412 crore taka in shares and units, a rise from the previous day’s 338 crore taka.
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Alongside Dhaka, Chattogram’s stock market is also experiencing an upward trend in its indexes. On the Chittagong Stock Exchange (CSE), the overall index increased by 35 points.
Out of the 205 companies involved in trading, 102 saw their stock prices rise, while 68 experienced a decrease and 35 remained unchanged.
The total trading volume on the CSE was Tk 11 crore, a significant rise from the previous day's 4 Tk crore.
Among the top performers, Legacy Footwear Limited saw a 10% increase in its stock price, while Phoenix Insurance Limited dropped by 10%, placing it at the bottom of the list.