Dhaka, Bangladesh (BBN)– Bangladesh’s stocks posted marginal gain on Sunday, extending the gaining spell for the three consecutive sessions, as pre-Eid sale pressure somewhat subdued.
Only four trading sessions are left before Eid vacation. Trading on bourses will remain closed from September 9 on the occasion of Eid-ul-Azha.
The market started with positive note and mid-session saw some selling pressure, but late hour buying pressure helped the market closed marginally higher.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,557.43, advancing 8.39 points or 0.18 percent over the previous session.
The two other in indices also closed in green. The DS30 comprising blue chips advanced 3.26 points or 0.18 percent to settle at 1,747.89 points.
The DSE Shariah Index (DSES) also gained 0.66 points or 0.06 percent to close at 1,103.99 points.
Turnover, the crucial indicator of the market, came improved to BDT 4.81 billion, which was 18 percent higher than the previous day’s BDT 4.07 billion.
The losers took a modest lead over the gainers as out of 320 issues traded, 156 closed lower, 112 closed higher and 52 remained unchanged on the DSE trading floor.
Shahjibazar Power Company dominated the turnover chart for the two consecutive sessions with shares worth over BDT 537 million changing hands, followed by MJL Bangladesh, Bangladesh Steel Re-rolling Mills, Doreen Power Generations and Systems and Singer Bangladesh.
FAS Finance was the day’s best performer, posting a rise of 9.76 percent, while Asian Tiger Sandhani Life Growth Fund was the worst loser, plunging by 9.90 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) ended higher with its Selective Categories Index- CSCX –advancing 10.29 points to finish at 8,512.79 points.
Losers beat gainers 114 to 94, with 35 issues remaining unchanged on the port city bourse that traded nearly 8.36 million shares and mutual fund units with a value of nearly BDT 268 million.