Dhaka, Bangladesh (BBN)-Bangladesh’s stocks ended higher on Sunday, the first trading session of the year 2017, as optimistic investors continued on buying spree on large-cap stocks.
The market started with an optimistic note in the morning and the upbeat trend persistent till the end of the session with no sign of fluctuation, ultimately ended nearly more than 47 points higher.
Both the key index of the DSE advanced 47.84 points, while the Selective Category Index of port city bourse gained 91.91 points at the end of the first trading session.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 47.84 points or 0.95 per cent to settle at 5,083.89 points, which was the highest level of DSEX since November 2, 2014, when DSEX was 5,105.22 points.
The two other indices also ended higher. The DS30, comprising blue chips, advanced 10.97 points or 0.61 per cent to finish at 1,821.88 points.
The DSE Shariah Index (DSES) rose 8.66 points or 0.73 per cent to close at 1,200.53 points.
Turnover, the important indicator of the market, also stood at BDT 9.94 billion, which was 7.10 per cent lower than the previous day’s turnover of BDT 10.71 billion.
The gainers took a strong lead over the losers as out of 326 issues traded, 243 closed higher, 60 closed lower and 23 remained unchanged on the DSE trading floor.
IFAD Autos dominated the DSE turnover chart for the third day in row with about 2.92 million shares worth BDT 306 million changing hands, closely followed by National Bank BDT 294 million, Ratanpur Steels Re-rolling Mills BDT 253 million, Bangladesh Building Systems BDT 221 million and Singer Bangladesh BDT 207 million.
Phoenix Finance First Mutual Fund was the day’s highest gainer, posting a 10 percent gain, while Zeal Bangla Sugar Mills was the worst loser, losing 7.84 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – gaining 91.91 points to settle at 9,461.82 points.
Gainers beat losers as 208 issues closed higher, 43 closed lower and 9 remained unchanged on the CSE.
The port city bourse traded 26.49 million shares and mutual fund units’ worth over BDT 621 million in turnover.