Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed yet another upbeat session on Tuesday, extending the winning streak for the seventh day in a row, as enthusiastic investors continued their buying spree.
Analysts said the market stayed upbeat momentum as opportunity seeker investors continued their buying interest on large-cap issues amid earnings and dividend speculations.
The market started with an optimistic note and the upbeat trend sustained till end of the session with slight downswings in middle of the session which would soon be overpowered by the upward pressure.
DSEX advanced 40.14 points while the Selective Category Index of port city bourse gained 82.50 points at the closing.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,598.71, advancing 40.14 points or 0.72 per cent over the previous day.
The two other indices also finished higher.
The DS30 index, comprising blue chips advanced 9.76 points or 0.48 per cent to settle at 2,034.52 points.
The DSE Shariah Index (DSES) rose 9.68 points or 0.75 per cent to close at 1,308.71, hitting the highest level since its inception in January 2014.
Turnover, the important indicator of the market, crossed BDT 11 billion-mark after three weeks and amounted to BDT 11.74 billion, which was 7.32 per cent higher than the previous day’s BDT 10.94 billion.
The gainers took a strong lead over the losers as out of 327 issues traded, 195 closed higher, 91 closed lower and 41 remained unchanged on the DSE floor.
LankaBangla Finance dominated the turnover chart with 14.69 million shares worth BDT 779 million changing hands, followed by IDLC Finance BDT 343 million, Titas Gas BDT 284 million, Appollo Ispat Complex BDT 278 million and ACI Formulations BDT 259 million.
Golden Son was the day’s top gainer, positing a rise of 6.50 percent while the newly listed SEML IBBL Shariah Fund was the worst loser, shedding 6.87 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also finished higher with its Selective Categories Index – CSCX – advancing 82.50 points to settle at 10,503.24 points.
Gainers beat losers as 177 issues closed higher, 50 closed lower and 31 remained unchanged on the CSE.
The port city bourse traded 22.39 million shares and mutual fund units’ worth nearly BDT 695 million in turnover.