Dhaka, Bangladesh (BBN)– Bangladesh’s stocks returned to higher on Wednesday, breaking a three days losing streak, as optimistic investors showed their buying appetite on sector-wise stocks.
Following the previous three days’ fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse rose more than 24 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 21 points at 10:45am.
After 30 minutes of trading, the DSEX rose more than 33 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 35 points at 11:00am.
After 90 minutes of trading, DSEX advanced 45 points while the CSE All Shares Price Index rose 69 points at 12:00 noon.
The rest of the session remained positive with modest volatility.
Finally, DSEX advanced nearly 36 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 126 points at closing.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 36 points or 0.68 percent to settle at 5,309.
The two other indices closed marginally higher. The DS30 index, comprising blue chips, advanced 8.04 points to settle at 1,902 and the DSE Shariah Index gained 8.95 points to close at 1,245.
Turnover, the most important indicator of the market, also rose to BDT 7.41 billion, which was 18 percent higher than the previous session’s BDT 6.27 billion.
Of the traded issues, 207 closed lower, 87 higher and 43 issues remained unchanged on the DSE trading floor.
The newly listed Bashundhara Paper Mills continued to dominate the turnover chart with 3.52 million shares worth BDT 591 million changing hands, followed by Monno Ceramic Industries, United Power, Legacy Footwear and Ratanpur Steel Re-rolling Mills.
Deshbandhu Polymer was the day’s highest gainer, posting a gain of 10 percent while the Modern Dyeing was the worst loser, losing 6.23 percent.
The port city bourse CSE also returned to higher with its All Share Price Index – CASPI – advancing 126 points to settle at 16,378 and the Selective Categories Index – CSCX –gaining 80 points to finish at 9,903.
The gainers beat losers as 141 issues closed higher, 70 ended lower and 30 remained unchanged on the CSE.
The port city bourse traded 12.14 million shares and mutual fund units worth more than BDT 632 million in turnover.