Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to green on Tuesday, breaking five days’ losing spell as opportunist investors took position on lucrative issues.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country, opened with a positive note and experienced upward trend at the closing.
The key index of Dhaka Stock Exchange (DSE) advanced 9.23 points, while the port city bourse, selective catagory index of Chittagong Stock Exchange (CSE) earned 18.08 points at the closing.
The benchmark index of the Dhaka Stock Exchange (DSE) settled at 4,311.81 points, advancing 9.23 points or 0.21 per cent, after hitting 11-month lowest level in the previous day.
The DS30 index, comprising blue chips, gained 0.91 points or 0.06 per cent to 1,631 points.
The DSE Shariah Index (DSES) rose 1.11 points or 0.11 per cent to finish at 1,046.07 points.
Trading activities remained low as the total turnover on DSE stood at BDT 3.03 billion, which was 1.68 per cent higher than the previous day’s BDT 2.98 billion.
The gainers took a modest lead over the losers as out of 317 issues traded, 166 closed higher, 91 lower and 60 remained unchanged on the DSE trading floor.
Square Pharmaceuticals dominated the turnover chart with shares worth above BDT 137 million changing hands followed by Orion Infusion, BSRM, Aman Feed and Dragon Sweater.
Orion Infusion was the day’s best performer, posting a rise of 9.83 percent, while Shympur Sugar Mills was the worst loser, slumping by 6.35 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index, CSCX, advancing 18.08 points to 8,075.79 points.
Gainers beat losers as 101 issues closed higher, 95 closed lower and 39 remained unchanged on the CSE.
The port city bourse traded 7.22 million shares and mutual fund units worth BDT above 200 million in turnover.