Dhaka, Bangladesh (BBN) – Bangladesh stocks returned to higher on Monday, after witnessing correction in the last five consecutive sessions, as investors took position on lucrative stocks amid optimism.
Analysts said the market rebounded as some enthusiastic investors went on buying spree on sector specific stocks.
The market started with an upward trend and the positive trend continued till end of the session amid periodic small downswings, ultimately ended 15.75 points higher.
The key index of the Dhaka Stock Exchange (DSE) went up by 15.75 points while the Selective Categories Index of the port city bourse advanced 39.46 points
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 15.75 points or 0.28 per cent to settle at 5,588.83 points.
The two other indices also closed higher.
The DS30 index, comprising blue chips advanced 6.35 points or 0.31 per cent to finish at 2,017.21.
The DSE Shariah Index (DSES) rose 2.32 points or 0.17 per cent to close at 1,302.23.
Trading activities also rose to BDT 9.61 billion, which was 21 percent higher than the previous day’s BDT 7.94 billion.
The gainers took a modest lead over the losers as out of 327 issues traded, 172 closed higher, 104 closed lower and 51 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart with about 10.50 million shares worth BDT 674 million changing hands, followed by GPH Ispat, Baraka Power, Ratanpur Steel Re-rolling Mills and Central Pharmaceuticals.
Premier Leasing was the day’s highest gainer, posting 8.97 percent gain, while Meghna Condensed Milk was the worst loser, losing 4.17 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher after five days with its Selective Categories Index – CSCX – advancing 39.46 points to settle at 10,495 points.
Gainers beat losers as 133 issues closed higher, 85 closed lower and 32 remained unchanged on the CSE.
The port city bourse traded 16 million shares and mutual fund units’ worth over BDT 547 million in turnover.