Dhaka, Bangladesh (BBN)– Bangladesh’s stocks closed higher for the seven consecutive sessions on Monday, the first session after three-day Eid holidays, as investors continued their buying spree on sector-wise stocks.
However, the presence of the investors was thin on the trading floor as many investors are yet to resume businesses in Dhaka after enjoying Eid holidays while many of them executed trade over phone.
Trading on the bourses remained closed from September 1 to September 3 on the occasion of Eid-ul-Azha, including weekly holidays.
After crossing the 6,000-mark of the prime index of the major bourse before Eid holidays, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher on the day.
Within first 30 minutes of trading, DSEX, the core index of the major bourse advanced nearly 15 points while the Selective Category Index of port city bourse gained 25 points at 11:00am.
The positive trend sustained till end of the session, finally DSEX ended nearly 32 points higher.
At the end of the day’s session, DSEX, the core index of the DSE, settled at more than 6,038 points, after advancing 31.94 points or 0.53 perent over the last trading session.
The market activities, however, fell with total turnover on DSE amounting to BDT 6.67 billion, which was 22 percent lower than the previous day’s BDT 8.53 billion.
The gainers took a strong lead over the losers as out of 329 issues traded, 181 closed higher, 104 lower and 44 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the day’s turnover chart with shares of BDT 567 million changing hands, followed by Fortune Shoes, Fu-Wang Ceramic, BBS Cables and C&A Textile.
Standard Ceramic was the day’s best performer, posting a gain of 9.96 percent while SEML Lecture Equity Management Fund was the day’s worst loser, plunging 7.92 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gaining 76 points to close at 11,318 points.
Gainers beat losers as 135 issues closed higher, 68 lower and 27 remained unchanged on the CSE.
The port city bourse traded 14.53 million shares and mutual fund units worth more than BDT 397 million in turnover.