Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning streak for the eight consecutive sessions on Tuesday with daily trade turnover on the prime bourse hitting one month high as investors continued their buying spree.
After hitting new high of the prime index of the major bourse in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened optimistic amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 25 points while the Selective Category Index of port city bourse rose 30 points at 10:15am.
After 30 minutes of trading, DSEX advanced more than 26 points while the Selective Category Index of port city bourse gained 33 points at 11:00am.
After 90 minutes of trading, DSEX, the prime index of the DSE advanced more than 33 points, while the Selective Category Index of port city bourse rose 55 points when the report was filed at 12noon.
The upward trend sustained till end of the session.
DHAKA STOCK EXCHANGE:
Meanwhile, all three indices and market capitalisation of the prime bourse climb to record high on the day.
DSEX, the prime index of the DSE, continued to hold its soaring momentum, adding more than 44 points more to settle at a historical high of 6,083 points since its inception on January 27, 2013.
The country’s premier bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
However, DGEN, the then key index of the DSE, rose to an all-time high at 8,918 points on December 5, 2010, when the market was bullish before crash.
The two other indices — the DS30 index and the DSE Shariah Index (DSES) — followed the suit to close at historical high of 2,157 and 1,334 points, after advancing 12.08 points and 4.83 points respectively.
The DSE launched the DS30 index on January 27, 2013 with a base point of 1,460.30 while DSE Shariah Index (DSES) was introduced on January 20, 2014 with a base point of 941.27.
The total market capitalisation of the DSE rose to a record high to BDT 4,054 billion, exceeding the previous high of BDT 4,033 billion recorded on the previous session.
Turnover, a crucial indicator of the market, stood at BDT 10.49 billion on the country’s premier bourse, climbing by 57 percent over previous day’s mark of BDT 6.67 billion.
It was the highest single-day transaction in the last one month since August 7, this year, when the turnover totaled a record BDT 11.87 billion.
The gainers took a modest lead over the losers as out of 321 issues traded, 173 closed higher, 118 lower and 30 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the day’s turnover chart with shares of BDT 448 million changing hands, followed by National Bank with BDT 389 million, IFIC Bank BDT 339 million, Fortune Shoes BDT 311 million and UCB BDT 210 million.
Atlas Bangladesh was the day’s best performer, posting a gain of 9.98 percent while Kay & Que was the day’s worst loser, plunging 6.54 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – soaring 103 points to close at 11,421 points.
Gainers beat losers as 144 issues closed higher, 83 lower and 21 remained unchanged on the CSE.
The port city bourse traded 25.49 million shares and mutual fund units worth more than BDT 596 million in turnover.