BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning spell for the third straight session on Tuesday with turnover crossing BDT 13 billion-mark amid a gradual revival of investor confidence and an increased supply of fresh funds.
The turnover on the Dhaka Stock Exchange (DSE) crossed BDT 13 billion-mark, for the first time in the last four-and-a-half months.
Turnover, the crucial indicator of the market, stood at BDT 13.21 billion on the DSE, advancing 4.50 percent over the previous day’s BDT 12.64 billion.
It was also the biggest single-day transaction in the last four-and-a-half months since February 26, when the turnover total was also recorded BDT 13.93 billion.
Along with the increasing turnover value, DSEX, the prime index of the DSE, continued to hold its gaining momentum, adding 3.58 points more to settle at a historical high of 5,831 points, since its inception on January 27, 2013.
Brokers said investor enthusiasm sustained as local and foreign investors remained active in the market amid optimism, taking the market turnover above BDT 13 billion-mark.
The two other indices also finished higher. The DS30 index, comprising blue chips rose 4.45 points or 0.21 percent to finish at 2,127.
The DSE Shariah Index (DSES) advanced 2.17 points or 0.16 percent to close at 1,322 points.
Losers, however, took a strong lead over the gainers, as prices of 195 securities declined, 107 advanced and 29 remained unchanged out of the 331 issues that were traded on the DSE floor.
Beximco topped the DSE turnover chart with about 17.20 million shares of BDT 609 million changing hands, followed by Keya Cosmetics, Islami Bank, Agni Systems and City Bank.
Agni Systems was the day’s highest gainer, posting 7.30 percent gain, while Bangas was the worst loser, losing 6.70 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing nearly 36 points to settle at 10,952 points.
Losers beat gainers as 145 issues closed lower, 94 closed lower and 21 remained unchanged on the CSE.
The port city bourse traded 31.26 million shares and mutual fund units’ worth BDT 767 million in turnover.