BBN file photo
Dhaka, Bangladesh (BBN)- The prime index of the Bangladesh’s major bourse exceeded the 5,900-mark after eleven months as enthusiastic investors showed their buying appetite on banking issues.
Analysts said stocks maintained its rally amid spontaneous participation backed by hopes and excitements, taking the core index above 5,900-mark again.
Following the previous day’s marginal gain, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 27 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 44 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 42 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 69 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 76 points while the CSE All Shares Price Index rose 242 points at 12:00 noon.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,925, gaining 59.78 points or 1.02 percent over the previous session.
The two other indices also followed the suit. The DS30 index, comprising blue chips, went up by 16.92 points to close at 2,043 and the DSE Shariah Index (DSES) advanced 2.43 points to close at 1,321.
Bullish sentiment also reflected on the trading activities as total turnover stood at BDT 10.45 billion, which was 17 percent higher than the previous day’s BDT 8.90 billion.
A total number of 209,088 trades were executed in the day’s trading session with trading volume of 336.05 million shares and mutual fund units.
The market-cap of DSE increased to BDT 4,185 billion which was BDT 4,158 billion in the previous day.
The gainers took a modest lead over the losers as out of 346 issues traded, 165 advanced, 150 declined and 31 issues remained unchanged on the DSE floor.
Premier Bank dominated the turnover chart for the second day in a row with 26.10 million shares worth BDT 446 million changing hands, closely followed by United Power, IFIC Bank, City Bank and Legacy Footwear.
Low-cap companies continued to dominate the gainers chart with United Finance was the day’s best performer, posting a gain of 10 percent while Daffodil Computers was the worst loser, losing 7.05 percent.
Port city bourse Chittagong Stock Exchange (CSE) ended higher with the CSE All Share Price Index – CASPI – rising 204 points to settle at 18,212 points and Selective Categories Index – CSCX –soaring 125 points to finish at 11,004.
The losers, however, beat the gainers as 126 issues closed lower, 124 higher and 17 remained unchanged.
The port city bourse traded 19.40 million shares and mutual fund units worth BDT 478 million in turnover.
BBN/SSR/SR