Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to higher on Thursday, after a single-session break, with prime index of the country’s major bourse closing at record high since its inception on January 27 in 2013.
Analysts said the market rebounded as investors showed their buying appetite on banking sector stocks, taking the core index of the prime bourse to fresh high.
After witnessing volatility in the first hour, rest of the session went up steadily rest of the trading session and finally ended more than 46 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, which replaced the DGEN in nearly five years back, went up by 46.38 points or 0.74 percent to settle at 6,252.
It was the highest level of DSEX since its inception on January 27 in 2013.
The DS30 index comprising blue chips also followed the suit to close at historical high of 2,279 points, after advancing 9.34 points. The DSE also launched the DS30 index on January 27, 2013 with a base point of 1,460.30.
The DSE Shariah Index (DSES) rose 6.36 points or 0.46 percent to finish at 1,375 points.
Along with indices, the total market capitalisation of the DSE also rose to all-time high to BDT 4,255 billion, surpassing the previous high of BDT 4,150 billion recorded on Tuesday.
However, the market activities fell more than 16 percent to BDT 7.38 billion, from previous day’s BDT 8.83 billion as trading of 39 companies was suspended on the day due to their record date.
The gainers took a strong lead over the losers as out of 296 issues traded, 172 closed higher, 90 closed lower and 34 remained unchanged on the DSE trading floor.
Brac Bank topped the day’s turnover chart with 5.03 million shares of BDT 537 million changing hands, followed by Square Pharmaceuticals BDT 299 million, Grameenphone BDT 295 million, City Bank BDT 250 million and AB Bank BDT 222 million.
Golden Harvest Agro Industries was the day’s best performer, posting a gain of 10 percent while Dragon Sweater was the day’s worst loser, plunging by 9.32 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also returned to higher with its All Share Price Index (CAPSI) – gaining 115 points to close at 19,445 points.
The Selective Categories Index – CSCX – also gained 70 points to close at 11,769 points.
Gainers beat losers as 115 issues closed higher, 67 closed lower and 28 remained unchanged on the CSE.
The port city bourse traded 20.16 million shares and mutual fund units worth more than BDT 612 million in turnover.