Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged higher for the two consecutive sessions on Wednesday with increasing turnover as optimistic investors continued buying spree on lucrative stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, opened with a positive note and the upturn sustain till end of the session.
The key index of Dhaka Stock Exchange (DSE) advanced 23.49 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) earned 32.88 points at the closing.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 23.49 points or 0.54 per cent to finish at 4,335.30 points.
The DS30 index, comprising blue chips, advanced 13.41 points or 0.82 per cent to settle at 1,645.15 points.
The DSE Shariah Index (DSES) gained 5.15 points or 0.49 per cent to close at at 1,051.22 points.
The total turnover on DSE improved to BDT 3.85 billion, which was 27 per cent higher than the previous day’s BDT 3.03 billion.
The gainers took a modest lead over the losers as out of 317 issues traded, 143 closed higher, 122 lower and 52 remained unchanged on the DSE trading floor.
KDS Accessories dominated the turnover chart with shares worth above BDT 269 million changing hands followed by Aman Feed, BSRM, Golden Harvest Agro Industries and Olympic Industries.
KDS Accessories was also the day’s best performer, posting a rise of 15.70 per cent, while Wata Chemicals was the worst loser, losing 8.12 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher for the second day with its Selective Categories Index, CSCX, advancing 32.88 points to 8,110.85 points.
Gainers beat losers as 104 issues closed higher, 76 closed lower and 58 remained unchanged on the CSE.
The port city bourse traded 8.15 million shares and mutual fund units worth BDT nearly 229 million in turnover.