Dhaka, Bangladesh (BBN)– Bangladesh’s stocks edged higher with choppy trading for the second trading sessions on Wednesday as some optimistic investors took position on sector specific lucrative stocks.

After witnessing volatile trading throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,411.99, advancing 2.90 points or 0.06 percent.

The DSE Shariah Index (DSES) also advanced 1.38 points or 0.03 percent to finish at 1,086.10 points.
However, the DS30 index, comprising blue chips, saw a fractional loss of 0.52 point or 0.13 percent to end at 1,737.99 points.

Turnover, an important indicator of the market, however, fell slightly and amounted to BDT 3.58 billion, which was 7.73 percent lower than the previous session’s BDT 3.88 billion.

The gainers took a modest lead over the losers as out of 322 issues traded, 135 closed higher, 115 lower and 72 remained unchanged on the DSE trading floor.

ACME Laboratories continued to dominate the turnover chart for the seventh trading sessions since its debut on June 7, with shares worth BDT 193 million changing hands, followed by Aman Feed, Bangladesh Building Systems, Emerald Oil
Industries and Bangladesh Steel Re-rolling Mills.

Golden Son was the day’s best performer, posting a rise of 6.96 percent, while Shympur Sugar Mills was the worst loser, plunging 5.79 percent.

The port city bourse Chittagong Stock Exchange (CSE) also closed slightly higher with its Selective Categories Index- CSCX- gaining 1.59 points to finish at 8,250.68 points.

Gainers beat losers 96 to 80, with 49 issues remaining unchanged on the port city bourse that traded 7.42 million shares and mutual fund units with a value of BDT 218 million.

BBN/SSR/AD