Dhaka, Bangladesh (BBN) – Bangladesh’s stocks close slightly higher on Monday, breaking an eight days downward trend as investors were active on the both sides of trading fence.
Market insiders said although the market opened lower, rebalancing tendency of optimistic investors kept the market upbeat in the later part of the session, closing the market in green zone.
Following the previous eight sessions’ major correction, the key index of the country’s prime bourse fell 9.88 points within first 15 minutes of trading at 10:45am.
After that it started rising and after 30 minutes of trading, the DSEX went up by 5.40 points at 11:00am and at 12:30pm it rose around 26 points.
But it eroded most of the mid-session gains.
DHAKA STOCK EXCHANGE:
At the end of the session, the prime index of Dhaka Stock Exchange (DSE), settled at 5,596, advancing 3.29 points or 0.05 percent after losing 185 points in the past eight consecutive sessions.
The two other indices also closed positive territory.
The DS30 index, comprising the blue-chips, advanced 6.32 points or 0.31 percent to finish at 2,066 points.
The DSE Shariah Index (DSES) gained 0.24 point or 0.02 percent to close at 12.87 points.
The strong selling and buying spree helped trading activities increased to BDT 7.60 billion, which was 5.0 percent higher than the previous day’s BDT 7.24 billion.
The losers took a modest lead over the gainers as out of the 325 issues traded, 163 closed lower, 123 closed higher and 39 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the DSE turnover with about 10.20 million shares of BDT 585 million changing hands, followed by Shahjibazar Power, Ratanpur Steel, Doreen Power and Central Pharmaceuticals.
Republic Insurance was the day’s highest gainer, posting a 7.61 percent rise while Pioneer Insurance was the worst loser, plunging by 7.43 percent following its annual declarations.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also finished slightly higher with its Selective Categories Index – CSCX – advancing 9.0 points to settle at 10,510.
Losers beat gainers as 120 issues closed lower, 90 closed higher and 28 remained unchanged on the CSE trading floor.
The port city bourse traded 13.76 million shares and mutual fund units worth BDT 522 million in turnover.