Dhaka, Bangladesh (BBN)– Bangladesh’s stocks closed marginally higher for the second day in a row on Tuesday with increasing turnover, as investors continued on buying spree amid optimism.
Analysts said some fuel and power sector’s large-cap shares showed positive move ahead of their dividend declarations, which helped the market to finish higher.
The market started with an upward note which sustained throughout the session. At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,552.36 points, gaining 18.65 points or 0.41 percent.
The two other indices also ended higher. The DS30 index, comprising blue chips, rose 7.86 points or 0.44 percent to settle at 1,782.67 points.
The DSE Shariah Index (DSES) also gained 4.49 points or 0.40 percent to close at 1,117.75 points.
Turnover, the important indicator of the market, also improved to BDT 4.41 billion, which was 17 percent higher than the previous day’s value of BDT 3.78 billion.
The gainers took a strong lead over the losers as out of 324 issues traded, 185 closed higher, 94 closed lower and 45 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart for the two consecutive days with shares worth nearly BDT 246 million changing hands, followed by Titas Gas, Olympic Industries, Square Pharmaceuticals and Jamuna Oil.
Sonali Aansh was the day’s best performer, posting a gain of 9.96 percent, while Rupali Bank was the worst loser, plunging by 4.89 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally higher with its Selective Categories Index- CSCX – gaining 23.52 points to finish at 8,515.52 points.
Gainers beat losers 129 to 77, with 36 issues remaining unchanged on the port city bourse that traded 7.51 million shares and mutual fund units with a value of BDT 210 million.