Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged higher on Wednesday, breaking a three-day losing spell as late hours buying pressure offset mid-session losses.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, experienced upward trend throughout the session.
The key index of Dhaka Stock Exchange (DSE) advanced 1.76 points while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) also earned 4.08 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) went up by 1.76 points or 0.04 per cent settled at 4,359.39 points, after witnessing volatility in the first hour.
The DS30 index, comprising blue chips, advanced 5.07 points or 0.30 per cent to finish at 1,667.46.
The DSE Shariah Index (DSES) gained 1.33 points or 0.12 per cent to close at 1,057.30.
DSE turnover also improved to BDT 4.34 billion on the DSE, which was 28 per cent higher than the previous day’s BDT 3.40 billion.
However, the losers took a modest lead over the gainers as out of 317 issues traded, 178 closed lower, 104 higher and 35 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with shares worth over BDT 400 million changing hands, followed by United Power, ACI, LankaBangla Securities and IBN Sina.
Far East Knitting and Dyeing was the day’s best performer, posting a rise of 9.79 per cent, while Phoenix Finance was the worst loser, slumping by 8.87 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally higher, with its Selective Categories Index, CSCX, gaining 4.08 points to 8,149.45 points.
Losers beat gainers as 142 issues closed lower, 72 closed higher and 27 remained unchanged on the CSE.
The port city bourse traded 8.25 million shares and mutual fund units worth nearly BDT 285 million in turnover.