Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded on Tuesday, breaking a six-day losing streak, as some investors went on buying spree.
Analysts said optimistic investors showed their buying appetite on large-cap sectors, especially bank and telecommunication, taking the market to the green zone.
After six-day correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive note.
The upturn trend sustained till end of the session.
Finally, DSEX, the key index of the Dhaka Stock Exchange, advanced more than 33 points higher while All Share Price Index of the Chittagong Stock Exchange gained 121 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, settled at 5,346, gaining 33.10 points or 0.62 percent after losing 143 points in the past six straight sessions.
The two other indices also finished higher. The DS30 index, comprising blue chips, advanced 7.42 points to finish at 1980 and the DSE Shariah Index (DSES) rose 8.01 points to close at 1,243 points.
The market activities, however, fell below BDT 4.0 billion level again and amounting to Tk 3.82 billion, which was 5.0 percent lower than the previous day’s BDT 4.02 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 163 advanced, 106 declined and 65 issues remained unchanged on the DSE trading floor.
Alif Industries topped the day’s turnover chart with 1.92 million shares worth nearly BDT 200 million changing hands, closely followed by Monno Ceramic Industries, Beximco, Shasha Denims and Square Pharmaceuticals.
BD Autocars was the day’s best performer for the second straight session, posting a gain of 9.30 percent while MBL 1st Mutual Fund was the day’s worst loser, plunging by 9.30 percent.
CHITTAGONG STOCK EXCHANGE:
The port city’s bourse, Chittagong Stock Exchange (CSE) also closed higher with CSE All Share Price Index – CASPI – advancing 121 points to finish at 16,492 points.
The Selective Categories Index – CSCX – also gained 73 points to settle at 9,974 points.
Gainers beat losers as 123 issues closed higher, 69 lower and 37 remained unchanged on the CSE.
The port city bourse traded 4.85 million shares and mutual fund units worth more than BDT 173 million in turnover.