Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed slightly higher on Thursday after witnessing volatility throughout the session as investors were active both sides of trading fence.
Market insiders said some optimistic investors continued their buying appetite on sectors specific issues while the risk-averse investors booked profit on quick-gaining stocks, taking the market in the flat zone.
The market started with positive note but mid-session profit booking sale pressure took it negative zone. However, last hour’s optimistic buying helped the market closed slightly higher.
Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5414, advancing 1.13 points or 0.02 percent over the previous session.
The DS30 index, comprising blue-chips, also advanced 2.11 points or 0.10 per cent to settle at 2011 points.
However, the DSE Shariah Index (DSES) fell 3.06 points or 0.24 per cent to close at 1261.
Turnover, the crucial indicator of the market, also came down to BDT 5.24 billion, which was 3.68 percent lower than the previous day’s BDT 5.44 billion.
Losers took a modest lead over the gainers, as prices of 162 securities declined, 119 advanced and 41 remained unchanged out of the 324 issues that were traded on the DSE floor.
Ratanpur Steel Re-rolling Mills dominated the day’s turnover chart with 3.44 million shares of BDT 296 million changing hands, closely followed by Active Fine Chemicals, IFAD Autos and United Power.
Mozaffar Hossain Spinning Mills was the day’s top gainer, posting 7.74 percent gain while First Security Islami Bank was the worst lower, losing 9.68 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing 11.38 points to settle at 10,159.
Losers, however, beat gainers as 108 issues closed higher, 82 closed lower and 40 remained unchanged on the CSE trading floor.
The port city bourse traded 11.27 million shares and mutual fund units worth BDT 329 million in turnover.