Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended higher for the three consecutive sessions on Wednesday as investors remained on buying mood, especially on large-cap stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with an upward trend which continued till end of the session.
The key index of the Dhaka Stock Exchange (DSE) advanced 37.67 points, while the selective category index of Chittagong Stock Exchange (CSE) earned 79.77 points at the closing.
By the end of the session, the benchmark index of the Dhaka Stock Exchange (DSEX) went up by 37.67 points 0.87 per cent to finish at 4,364.31 points.
The DS30 index, comprising blue chips, advanced 19.02 points or 1.13 per cent to settle at 1,708.55 points.
The DSE Shariah Index (DSES) rose 9.74 points or 0.92 per cent to end at 1,071.76 points.
Turnover also improved and the total turnover amounted to BDT 3.61 billion, which was 16.34 per cent higher than the previous day’s BDT 3.02 billion.
Gainers took a strong lead over the losers, as out of 319 issues traded, 196 closed higher, 82 closed lower and 41 remained unchanged on DSE trading floor.
Lafarge Surma Cement dominated the turnover chart for the second running session with shares worth BDT 192 million changing hands, followed by BSRM, RAK Ceramic, United Power and MJL BD.
RAK Ceramics was the day’s best performer, posting a gain of 9.91 per cent, while Vanguard AML BD Finance Mutual Fund One was the worst loser, slumping by 8.60 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended higher for the third session with its Selective Categories Index, CSCX, surging 79.77 points to 8,179.51 points.
Gainers beat losers as 167 issues closed higher, 54 closed lower and 19 remained unchanged on the CSE.
The port city bourse traded 9.33 million shares and mutual fund units worth over BDT 221.4 million in turnover.