Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN) - Bangladesh’s stocks ended higher on Monday, with key index of the prime bourse hitting new high, as optimistic investors continued their buying spree amid optimism.
Daily trade turnover on Dhaka Stock Exchange (DSE) also stood at BDT 12.64 billion, for the first time in nearly four months since March 22 this year, as investors put fresh stakes on stocks.
Brokers attributed the current market trend to investors’ growing confidence and fresh investment in the stock market. The low bank interest rate on deposit might be another reason for increased fresh fund flow in the capital market.
Maintaining the previous day’s positive trend, the key index in the country’s premier bourse - DSE - and the port city’s bourse - Chittagong Stock Exchange (CSE) - opened higher amid increasing turnover value.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 27 points while the Selective Category Index of port city bourse rose 19 points at 10:45am.
After 30 minutes of trading, DSEX soared more than 30 points while the Selective Category Index of port city bourse rose 30 points at 11:00am.
After two hours of trading, DSEX, the prime index of the DSE rose 36 points, while the Selective Category Index of port city bourse advanced 78 points at 12:30pm.
The upward trend continued till end of the session with no sign of reversal, finally ended nearly 53 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 5,800-mark and finished at 5,827, after advancing 52.89 points or 0.91 percent over the previous day.
It was the highest level of DSEX since its inception on January 27, 2013.
The two other indices also finished higher. The DS30 index, comprising blue chips jumped 13.87 points or 0.65 percent to finish at 2,122 points.
The DSE Shariah Index (DSES) rose 5.61 points or 0.43 per cent to close at 1,320 points.
Gainers took a modest lead over the losers, as prices of 178 securities advanced, 121 declined and 29 remained unchanged out of the 328 issues that were traded on the DSE floor.
Keya Cosmetics topped the DSE turnover chart with about 37.18 million shares worth BDT 671 million changing hands, followed by Saif Powertec, beximco, Confidence Cement and Prime Bank.
Fu-Wang Food was the day’s highest gainer, posting 8.83 percent gain, while Kay & Que was the worst loser, losing 5.02 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing nearly 98 points to settle at 10,917 points.
Gainers beat losers as 144 issues closed higher, 90 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 32.53 million shares and mutual fund units’ worth BDT 813 million in turnover.
BBN/SS/ANS