Dhaka, Bangladesh (BBN)– Bangladesh’s stocks rebounded on Tuesday after a single-day break with higher turnover, market operators said.
The turnover on Dhaka Stock Exchange (DSE) crossed BDT 5.0 billion-mark on Tuesday again as investors put fresh stakes on stocks amid post-Eid expectation.
Turnover, a crucial indicator of the market, stood at BDT 5.68 billion on the country’s premier bourse, climbing further by 19 per cent over previous day’s mark of BDT 4.77 billion.
It was the highest single-day turnover in nearly two months since June 13, when the turnover totaled BDT 5.72 billion.
Along with the rising turnover value, DSEX, the prime index of the prime bourse also rebounded after a single-day break.
DSEX, the prime index of the DSE, went up by 26.92 points or 0.52 per cent to settle at 5,187.
The market rebounded as pre-Eid sale pressure eased some extent as only two trading days are left before a nine-day Eid holidays, they added.
Trading and official activities on the bourses will remain closed from August 9 to August 17, including weekly holidays, on the occasion of Eid-ul-Azha, one of the biggest religious festivals of the Muslims.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 9.76 points to finish at 1,836 and the DSES (Shariah) index rose 4.66 points to settle at 1,194.
Trading activities increased as the investors’ injected fresh fund which helped to cross the turnover BDT5.50 billion levels after June 13, 2019, they noted.
Power posted the highest gain of 2.37 per cent, followed by non-bank financial institutions with 0.70 per cent, engineering 0.67 per cent, telecom 0.43 per cent and banking 0.37 per cent.
Food and allied and pharmaceuticals sectors suffered 0.24 per cent and 0.02 per cent loss.
A total number of 145,030 trades were executed in the day’s trading session with trading volume of 148.18 million shares and mutual fund units.
On the other hand, the Chittagong Stock Exchange also ended higher with the CSE All Share Price Index – CASPI – gaining 85 points to settle at 15,873 while the Selective Categories Index – CSCX -rising 50 points to finish at 9,646.
The gainers beat losers as 143 issues ended higher, 92 closed lower and 31 remained unchanged at the CSE.
The port city bourse traded 7.92 million shares and mutual fund units worth nearly BDT 254 million in turnover.