Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded Tuesday, snapping a four-day losing streak, as investors showed their buying appetite on banking stocks.
Analysts said the investors took position on banking stocks as prices of many banking issues came down to lucrative level, taking the market in the positive note.
The market showed upward movement in the beginning of the session and the upward trend continued till end of the session with no sign of reversal.
DHAKA STOCK EXCHANGE
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,472, advancing 28.79 points or 0.52 percent after losing 100 points in the four trading days.
Two other indices also finished higher. The DS30 index, comprising blue chips, advanced 2.67 points to end at 1,905 and the DSE Shariah Index gained 1.70 points to close at 1,262.
Turnover, the most important indicator of the market, also rose to BDT 7.31 billion, which was 5.0 percent higher than the previous session’s BDT 6.96 billion.
Of the 335 issues traded, 166 closed higher, 128 lower and 41 issues remained unchanged on the DSE trading floor.
A total number of 142,247 trades were executed in the day’s trading session with trading volume of 179.57 million securities.
The market capitalisation of the DSE stood at BDT 3,907 billion on the day which was BDT 3,906 billion in the previous session.
Khulna Power Company topped the turnover chart for the third day in a row with 6.07 million shares worth BDT 782 million changing hands.
The other turnover leaders were Active Fine Chemicals, IFAD Autos, Shasha Denims and BBS Cables.
Familytex BD was the best performer, posting a gain of 10 percent while CAPM IBBL Islamic Mutual Fund was the worst loser, losing 8.08 percent.
CHITTAGONG STOCK EXCHANGE
The Chittagong Stock Exchange (CSE) also finished higher with its CSE All Share Price Index – CASPI – advancing 71 points to settle at 16,831 and the Selective Categories Index – CSCX – gaining 39 points to finish at 10,197.
The gainers beat losers as 1121 issues closed higher, 110 ended lower and 20 issues remained unchanged on the CSE.
The port city’s bourse traded 9.63 million shares and mutual fund units worth BDT 278 million in turnover.