Dhaka, Bangladesh (BBN)– Bangladesh’s stocks closed slightly higher on Monday, after witnessing negative trend in the previous session, as optimistic investors went on late hour buying spree on large-cap stocks.
After witnessing volatility, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), finished at 4,533.71, advancing 8.36 points or 0.18 percent, as investors went on last hour buying spree amid optimism.
The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 4.53 points or 0.26 percent to settle at 1,774.81 points.
The DSE Shariah Index (DSES) also gained 4.16 points or 0.37 percent to close at 1,113.26 points.
Turnover, the important indicator of the market, however, fell to BDT 3.78 billion, which was 25 percent lower than the previous day’s one month high value of BDT 5.03 billion.
The gainers took a modest lead over the losers as out of 326 issues traded, 139 closed higher, 134 closed lower and 53 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the turnover chart with shares worth nearly BDT 218 million changing hands, followed by CVO Petrochemicals Refinery, Islami Bank, Square Pharmaceuticals and Bangladesh Steel Re-rolling Mills.
National Feed Mills was the day’s best performer, posting a gain of 9.47 per cent, while CVO Petrochemicals Refinery was the worst loser, plunging by 8.62 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally higher with its Selective Categories Index- CSCX – advancing 28.46 points to finish at 8,500.09 points.
Gainers beat losers 125 to 89, with 38 issues remaining unchanged on the port city bourse that traded 7.37 million shares and mutual fund units with a value of BDT 225 million.