Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher for the second running session on Tuesday amid increased participation of investors as they continued to show buying appetite on large-cap issues.
Analysts said the government decision to cut yield rates of savings instruments coupled with lucrative price level of many fundamental stocks, prompted investors to take fresh position anticipating short-term rally.
The market started with an upbeat trend adding nearly 26 points within first 40 minutes of trading, but rest of the session eroded most of the early gains, finally closed 9.46 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5394.82 points, advancing 9.46 points or 0.17 percent over the previous session.
The two other indices also edged higher. The DS30 index, comprising blue-chips, advanced 3.76 points or 0.18 percent to settle at 1998 points.
The DSE Shariah Index (DSES) gained 4.04 points or 0.32 percent to close at 1258 points.
Trading activities also rose to BDT 6.13 billion, which was 9.46 percent higher than the previous day’s BDT 5.60 billion.
Gainers took a modest lead over the losers, as prices of 148 securities advanced, 125 declined and 47 remained unchanged out of the 320 issues that were traded on the DSE floor.
United Power dominated the day’s turnover chart with 2.05 million shares of BDT 363 million changing hands, closely followed by IFAD Autos BDT 343 million, MJL Bangladesh BDT 326 million, Ratanpur Steel BDT 197 million and Doreen Power BDT 187 million.
Rupali Bank was the day’s top gainer, posting 7.25 percent gain while NCC Bank was the worst lower, losing 9.65 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing 29.26 points to settle at 10,128.
Gainers beat losers as 112 issues closed higher, 88 closed lower and 31 remained unchanged on the CSE trading floor.
The port city bourse traded 99.24 million shares and mutual fund units worth BDT 3.11 billion in turnover.