Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their winning spell for the five consecutive sessions on Thursday, the last trading day of the year 2016, as investors continued on buying spree amid optimism.
The market opened with an optimistic note in the morning, gaining more than 20 points within first half an hour of trading and mid-session saw some profit booking sale pressure, but last hour’s buying helped to close marginally higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 8.13 points or 0.16 percent to settle at 5,036.05 points, which was the highest level of DSEX since November 3, 2014, when DSEX was 5,065.14 points.
The two other indices also closed higher. The DS30, comprising blue chips, advanced 2.46 points or 0.14 per cent to finish at 1,810.91 points.
The DSE Shariah Index (DSES) rose 2.86 points or 0.24 percent to close at 1,191.87 points.
Turnover, the important indicator of the market, also rose to BDT 10.71 billion, which was 14 percent higher than the previous day’s turnover of BDT 9.38 billion.
The losers, however, took a modest lead over the gainers as out of 326 issues traded, 155 closed lower, 147 closed higher and 24 remained unchanged on the DSE trading floor.
IFAD Autos dominated the DSE turnover chart for the second day in row with about 2.61 million shares worth BDT 263 million changing hands, closely followed by Square Pharmaceuticals BDT 221 million, Generation Next Fashion BDT 219 million, Beximco BDT 212 million and Bangladesh Building Systems BDT 209 million.
Fine Foods was the day’s highest gainer, posting a 9.63 percent gain, while Prime Bank first ICB AMCL Mutual Fund was the worst loser, losing 6.67 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index – CSCX – gaining 9.54 points to settle at 9,377.57 points.
Gainers beat losers as 121 issues closed higher, 116 closed lower and 23 remained unchanged on the CSE.
The port city bourse traded 32.91 million shares and mutual fund units’ worth over BDT 742 million in turnover.