Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to higher on Monday, a day-after profit booking sale pressure, as some investors went on late hour’s buying spree on sector-wise stocks.
Brokers said the market backed to higher riding on newly listed stock and some large-cap issues.
Oimex Electrode, which made its shares trading debut on Monday, attracted the investors most and dominated the turnover chart with shares of 687 million changing hands.
Each share of the company closed at BDT 114.20, jumping by 1042 per cent against issue price of BDT 10.
Following the previous day’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive amid slow turnover activities.
The positive trend sustained till end of the session, but last hour’s sharp rise helped the key index of the major bourse to close more than 31 points higher.
DHAKA STOCK EXCHANGE:
Finally, DSEX, the prime index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at 6,104, advancing 31.52 points or 0.52 percent over the previous session.
The two other indices edged higher. The DS30 index, comprising blue chips advanced 10.12 points or 0.46 percent to close at 2,208.
The DSE Shariah Index (DSES) gained 1.42 points or 0.11 percent to finish at 1,326.
Turnover, the most important indicator of the market, stood at BDT 6.72 billion, which was 25 percent higher than the previous day’s turnover of BDT 5.38 billion.
Losers took a modest lead over the gainers as out of 332 issues traded, 170 closed lower, 118 closed higher and 44 remained unchanged on the DSE trading floor.
Oimex Electrode topped the day’s turnover chart with 6.12 million shares of BDT 687 million changing hands, closely followed by City Bank, IFAD Autos, Brac Bank and LankaBangla Finance.
Stylecraft was also the day’s best performer, posting a gain of 6.24 percent while Savar Refractories was the day’s worst loser, plunging by 5.66 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also returned to higher with its Selective Categories Index – CSCX – advancing 81 points to close at 11,466.
Losers beat gainers as 112 issues closed lower, 105 closed higher and 23 remained unchanged on the CSE.
The port city bourse traded 13.76 million shares and mutual fund units worth BDT 536 million in turnover.