Bangladesh’s stocks back to green after single-day break

Last updated: February 20, 2020

Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN)- Bangladesh’s stocks returned to the green on Wednesday, after a single-day break, as investors showed their buying binge on sector-wise shares.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4758, advancing 17.60 points or 0.37 percent after losing 27.73 points in the previous day.

Two other indices also ended marginally higher. The DS30 index, comprising blue chips, advanced 8.68 points to close at 1,599 and the DSES (Shariah) index gained 5.67 points to settle at 1,087.

Turnover, an important indicator of the market, stood at BDT 8.37 billion on the country’s premier bourse, falling 18 per cent over previous day’s 13 months’ highest mark of BDT 10.21 billion.

Losers, however, took a modest lead over the gainers as out of 356 issues traded, 180 closed lower, 143 ended higher and 33 remained unchanged on the DSE trading floor.

Summit Power topped the turnover chart with shares worth nearly BDT 301 million changing hands, followed by Orion Pharma, LafargeHolcim, Khulna Power and SK Trims Industries.

The Chittagong Stock Exchange also edged higher with its All Shares Price Index (CASPI)—gaining 50 points to close at 14,554 and the Selective Categories Index - CSCX –advancing 31 points to finish at 8,828.

The gainers beat losers, as 117 issues closed higher, 111 ended lower and 33 remained unchanged on the CSE.

The port city bourse traded 26.77 million shares and mutual fund units worth nearly BDT 864 million in turnover.

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