Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the green last week that ended on Thursday as most of the investors were active in the market, taking the advantage of lucrative valuation level of large-cap stocks.
The week witnessed five trading sessions as usual.
Of them, first session saw marginal correction, while last four sessions ended higher.
The benchmark index of the Dhaka Stock Exchange (DSE) went up by 94.23 points or 2.19 per cent to finish at 4,392.88 points, over the previous week.
The DS30 index, comprising blue chips, went up by 51.97 points or 3.12 per cent to finish at 1,719.22 points.
The DSE Shariah Index rose 21.38 points or 2.02 per cent to close at 1,077.47 points.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index, CSCX, surging 196.66 points or 2.44 per cent to settle at 8,240.29 points.
Trading activities, however, remained low as the total turnover for the week stood at BDT 16.35 billion, which was BDT 19.55 billion in the week before.
The daily turnover averaged BDT 3.27 billion, which was 16.40 per cent lower over the previous week’s average of BDT 3.91 billion.
LankaBangla Securities, said, the market bounced back from the second day and remained upward trend next three sessions of the week, closing the market higher.
IDLC Investments, a merchant bank, said, all the cap classes moved up throughout the week, with highest returns coming from micro-cap and mini-cap stocks.
Gainers took a strong lead over the losers as out of 327 issues traded, 225 closed higher, 81 lower and 21 remained unchanged on the DSE trading floor last week.
United Power Generation and Distribution Company dominated the week’s turnover chart on the DSE with shares worth BDT 606 million changing hands, followed by Doreen Power, Lafarge Surma Cement, BSRM and MJL Bangladesh.
Lafarge Surma Cement was the week’s best performer, posting a gain of 21.21 per cent, while Tallu Spinning was the week’s worst loser, slumping by 11.18 per cent.