Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded on Monday, after a single-session break, as investors went on last hour’s buying binge on sector specific issues.
Brokers said the market backed to green with rising turnover value as some optimistic investors showed their buying appetite on sector specific stocks in the last hour of trading.
However, a section of investors remained cautious ahead of Monetary Policy Statement (MPS) scheduled to be unveiled on Wednesday.
The market started with a positive note and went thought a volatile movement in the first three hours of the session, but last hour’s strong buying helped to close higher.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 22.52 points or 0.38 percent to settle at 5,798 points over the previous session.
The two other indices also edged higher. The DS30 index, comprising blue chips advanced 4.17 points or 0.19 percent to finish at 2,125 points.
The DSE Shariah Index (DSES) gained 1.39 points or 0.10 percent to close at 1,313 points.
Turnover, the important indicator of the market stood at BDT 6.31 billion on the DSE, which was 32 percent higher than the previous day’s one month lowest turnover of BDT 4.78 billion.
A total number of 0.094 million trades were executed in the day’s trading session with trading volume of 180.62 million securities.
The total market capitalisation of the DSE also rose to BDT 3,909 billion which was BDT 3,898 billion in the previous day.
Gainers took a strong lead over the losers as 330 issues traded, 182 closed higher, 100 closed lower and 48 remained unchanged on the DSE trading floor.
IFAD Autos topped the turnover chart for the second day in a row with about 2.24 million shares of BDT 337 million changing hands, closely followed by LankaBangla Finance, Square Pharmaceuticals, Shahjibazar Power and Fu-Wang Food.
The Peninsula Chittagong was the day’s highest gainer, posting a 6.42 per cent rise, while Peoples Insurance was the worst loser, losing by 3.65 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also returned to higher with its Selective Categories Index – CSCX – advancing 46 points to settle at 10,870 points.
Gainers beat losers as 142 issues closed higher, 73 closed lower and 28 remained unchanged on the CSE.
The port city bourse traded 13.08 million shares and mutual fund units’ worth BDT 382 million in turnover.