Dhaka, Bangladesh (BBN)–Bangladesh’s stocks inched higher for the second running sessions on Wednesday with turnover improving slightly as investors went for buying spree amid optimism.
The market opened with a positive note and the upward trend sustained throughout the session amid marginal see-saw.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 14.48 points or 0.32 percent to settle at 4,579.73.
The two other indices also closed in the positive territory. The DS30 index, comprising blue chips, gained 2.02 points or 0.11 percent to close at 1,784.17.
The DSE Shariah Index (DSES) advanced 6.09 points or 0.54 percent to end at 1,126.38.
Turnover stood at BDT 4.95 billion on the DSE, which was 2.1 percent higher than the previous day’s Tk 4.85 billion.
The gainers took a marginal lead over the losers as out of 318 issues traded, 163 advanced, 118 declined and 37 remained unchanged on the DSE trading floor.
GrameenPhone (GP) was the day’s top turnover leader with shares worth BDT 208.46 million changing hands followed by Beximco Pharma, Beximco, ACI and IFAD Autos.
Aramit Cement was the day’s best performer, posting a rise of 10 percent while Standard Ceramics was the day’s worst loser, plunging by 8.07 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – gained 47.46 points to close at 8,595.
Gainers beat losers 124 to 85, with 42 issues remaining unchanged at the port city bourse that traded 14 million shares and mutual fund units, turnover of BDT 411 million.
BBN/BB/ANS