Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended their gaining spell for the three consecutive sessions Wednesday, as enthusiastic investors remained on buying binge, especially on large-cap stocks.
Market insiders said, the market maintained upward trend as buying interest spurred the sector specific issues, while non-bank financial institution, bank and engineering stocks were in investors’ most buy list.
The market started with an upward note which continued till end of the session without any sign of reversal, ultimately ended above 96 points higher.
After four hours trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,488.23, advancing 96.13 points or 1.78 percent. DSEX added around 165 points in the past three consecutive sessions.
The two other indices closed higher. The DS30 index, comprising blue chips advanced 26.60 points or 1.35 percent to settle at 1,993.86 points.
The DSE Shariah Index (DSES) rose 17.33 points or 1.37 percent to close at 1,278.41 points.
Turnover, the important indicator of the market, rose to BDT 8.98 billion, which was 45 per cent higher than the previous day’s BDT 6.20 billion.
The gainers took a strong lead over the losers as out of 328 issues traded, 281 advanced, 43 declined and 4 remained unchanged on the DSE floor.
Central Pharmaceuticals dominated the turnover chart with 11.29 million shares worth BDT 333 million changing hands, followed by AFC Agro Biotech, Beximco, ACI Formulations and Appollo Ispat.
Beacon Pharmaceuticals was the day’s top gainer, positing a rise of 9.92 per cent while Saif Powertec was the worst loser, slumping by 32.88 per cent after record date of rights entitlement.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – advancing 200.76 points to settle at 10,291.62 points.
Gainers beat losers as 219 issues closed higher, 26 closed lower and 6 remained unchanged on the CSE.
The port city bourse traded 20.02 million shares and mutual fund units’ worth above BDT 510 million in turnover.