Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher on Wednesday as some investors showed their buying appetite on sector-wise issues.
Despite the market edged higher, turnover came down to BDT 3.68 billion on Dhaka Stock Exchange (DSE), which was six months lowest turnover since May 31 this year when turnover was BDT 3.62 billion.
Market insiders said investors remained followed cautious stance as trading activities fell further.
Following the recent sharp fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher but trading activities remained low.
The positive trend sustained till end of the session amid modest volatility.
DHAKA STOCK EXCHANGE
At the end of the session, DSEX, the prime index of the DSE, settled at 5,276, advancing 23.65 points or 0.45 percent over the previous day.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 8.05 points to finish at 1,872 and the DSE Shariah Index gained 6.40 points to close at 1,218.
A total number of 102,853 trades were executed in the day’s trading session with trading volume of 98.34 million securities.
The market capitalisation of the DSE rose to BDT 3,831 billion on Wednesday which was BDT 3,803 billion in the previous day.
The gainers took a modest lead over the losers as out of 341 issues traded, 155 advanced, 145 declined and 41 issues remained unchanged on the DSE trading floor.
Beximco topped the DSE turnover chart with 8.47 million shares worth BDT 213 million changing hands, closely followed by Khulna Power Company, BBS Cables, Shahjalal Islami Bank and Summit Power.
BD Finance was the best performer, posting a gain of 9.49 percent while Meghna Pet Industries was the worst loser, losing 8.50 percent.
CHITTAGONG STOCK EXCHANGE
The port city bourse CSE ended higher with its CSE All Share Price Index – CASPI – advancing 82 points to settle at 16,216 and the Selective Categories Index – CSCX – gaining 52 points to finish at 9,826.
The gainers beat losers as 109 issues closed higher, 86 ended lower and 31 remained unchanged on the CSE.
The port city bourse traded 7.97 million shares and mutual fund units worth more than BDT 220 million in turnover.