Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning streak for the third straight day on Thursday as optimistic investors continued their buying spree on some large-cap stocks.
Analysts said the market stayed upbeat trend amid increased turnover value as investors continued to show their buying appetite on heavyweight bank and non-bank financial institutions’ shares amid optimism.
Following the previous two days’ gain, both bourses - the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) - opened higher amid increased trading activities.
After 15 minutes of trading, the key index of the DSE advanced 34.20 points while the Selective Category Index of port city bourse gained 44 points when the report was filed at 10:45am.
The upward trend continued till 12noon and the DSEX went up by 37 points while the Selective Category Index of port city bourse advanced 75 points when the report was filing.
Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE) advanced 17 points while the Selective Category Index of port city bourse gained 49 points after four hours trading session.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, finished at 5,534.42 points, advancing 17.05 points or 0.31 percent over the previous session.
The DSE Shariah Index (DSES) also gained 5.26 points or 0.41 percent to stand at 1,273.94 points.
However, the DS30 index, comprising blue chips, fell 3.87 points or 0.19 percent to close at 2,034.72 points.
Turnover, the important indicator of the market, rose to BDT 6.98 billion, which was nearly 3.0 percent higher than the previous day’s BDT 6.78 billion.
The gainers took a strong lead over the losers as out of 322 issues traded, 173 closed higher, 110 closed lower and 39 remained unchanged on the DSE trading floor.
LankaBangla Finance continued to dominate the DSE turnover chart with some 6.07 million shares worth BDT 334 million changing hands, closely followed by United Power Generation BDT 234 million, Prime Bank BDT 219 million and Shahibazar Power Company BDT 185 million.
Bangladesh Autocars was the day’s the best performer, posting a 9.47 percent gain, while Central Insurance Company was the worst loser, slumping by 7.17 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher with its Selective Categories Index – CSCX – advancing 46 points to settle at 10,407 points.
Gainers beat losers as 136 issues closed higher, 85 closed lower and 21 remained unchanged on the CSE.
The port city bourse traded 14.81 million shares and mutual fund units’ worth BDT 392 million in turnover.
BBN/SS/ANS