Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher on Sunday, after facing correction in the previous session, as optimistic investors were active on sector specific stocks.
Brokers said the revision of budget coupled with optimism of June closing year-end earnings and dividend declarations continued to prompt investors to inject fresh funds into stocks, taking the market turnover further hike.
The market opened with a positive note and the upward trend continued till end of the session, finally closed ended more than 24 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 24.64 points or 0.43 percent to settle at 5,774 over the previous session.
The two other indices also closed marginally higher. The DS30, comprising blue chips, advanced 4.70 points or 0.22 percent to close at 2,108.
The DSE Shariah Index (DSES) gained 7.10 points or 0.54 percent to finish at 1314.
The turnover, an important indicator of the market, remained encouraging and total turnover stood at BDT 11.60 billion on the DSE, which was 15 percent higher than the previous day’s mark of BDT 10.05 billion.
Textile sector kept its dominance in turnover chart for the eight running sessions, capturing more than 22 percent of the day’s total transaction, followed by pharmaceuticals 15 percent and fuel & power 11 percent.
The gainers took a strong lead over the losers as 327 issues traded, 188 closed higher, 100 closed lower and 39 remained unchanged on the DSE trading floor.
Keya Cosmetics dominated the DSE turnover with about 44.48 million shares of BDT 781 million changing hands, followed by MJL Bangladesh, Confidence Cement, C&A Textile and Regent Textile.
The Peninsula Chittagong was the day’s highest gainer, posting a 8.58 percent rise, while Asia Pacific Insurance was the worst loser, plunging 5.17 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also returned to higher with its Selective Categories Index – CSCX – advancing 43 points to settle at 10,819.
Gainers beat losers as 1147 issues closed higher, 77 closed higher and 29 remained unchanged on the CSE.
The port city bourse traded 35.79 million shares and mutual fund units’ worth BDT 858 million in turnover.