Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher on Sunday, for the two consecutive sessions amid volatile trading, as the major sectors performed mixed ahead of corporate declarations.
The market opened positive note and mid-session went into red, but last hour buying spree helped the market ended in green territory.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,558.94, advancing 4.20 points or 0.09 percent.
The two other indices also edged up. The DS30 index, comprising blue chips, advanced 0.32 points or 0.02 percent to settle at 1,783.95 points.
The DSE Shariah Index (DSES) also saw a fractional gain of 0.38 points or 0.03 percent to end at 1,121.19 points.
Turnover, the crucial indicator of the market, almost same as total turnover on DSE amounted to BDT 3.74 billion, which was 0.80 percent higher than the previous day’s value of BDT 3.71 billion.
The losers, however, took a modest lead over the gainers as out of 325 issues traded, 162 closed lower, 111 closed higher and 52 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the turnover chart for the third day in a row with 2.03 million shares worth nearly BDT 246 million changing hands, followed by newly listed Evience Textiles, BSRM, Islami Bank and Shahjibazar Power Company.
BD Finance was the day’s best performer, posting a gain of 5.93 percent, while Western Marine Shipyard was the worst loser, plunging by 5.60 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended slightly higher with its Selective Categories Index- CSCX – advancing 17.61 points to finish at 8,519.89 points.
Losers beat gainers 121 to 93, with 28 issues remaining unchanged on the port city bourse that traded 9.44 million shares and mutual fund units with a value of BDT 296 million.