Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded on Tuesday, breaking a three-day losing streak, as a section of investors went on buying spree on sector-wise stocks.
Following the previous three days’ sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on positive note amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 9.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 32 points at 10:45am.
After 90 minutes of trading, DSEX advanced more than 9.0 points while the CSE All Shares Price Index gained 23 points at 12noon.
After witnessing volatility rest of the session, DSEX, the prime index of the DSE, went up by 29.33 points.
On the other hand, the Chittagong Stock Exchange (CSE) also returned to green with its CSE All Share Price Index – CASPI – advancing 89 points.
DHAKA STOCK EXCHANGE
At the closing, DSEX went up by 29.33 points or 0.54 percent to close at 5,386, after losing 148 points in the past three days.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 8.22 points to end at 1,891 and the DSE Shariah Index gained 7.90 points to close at 1,241.
Turnover, a crucial indicator of the market, stood at BDT 4.87 billion on the country’s premier bourse, slumping further by 18 percent over previous day’s mark of BDT 5.80 billion.
Of the 334 issues traded, 153 closed higher, 140 closed lower and 41 issues remained unchanged on the DSE trading floor.
A total number of 106,160 trades were executed in the day’s trading session with trading volume of 111.25 million securities.
The market capitalisation of the DSE rose to BDT 3,866 billion on the day which was BDT 3,848 billion in the previous session.
Khulna Power Company continued to dominate the turnover chart with 4.39 shares worth BDT 522 million changing hands.
The other turnover leaders were IFAD Autos, Active Fine Chemicals, Shasha Denims and National Life Insurance.
Global Insurance was the best performer, posting a gain of 9.85 percent while Evince textile was the worst loser, losing 7.07 percent further following category change news.
CHITTAGONG STOCK EXCHANGE
The Chittagong Stock Exchange (CSE) also returned to green with its CSE All Share Price Index – CASPI – advancing 89 points to settle at 16,581 and the Selective Categories Index – CSCX – gaining 57 points to finish at 10,046.
The gainers and losers were same as 10 issues closed higher, 100 ended lower and 31 issues remained unchanged on the CSE.
The port city’s bourse traded 7.68 million shares and mutual fund units worth BDT 644 million in turnover.