Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher for the four straight sessions on Sunday, the first trading session after budget declaration, as some investors continued their buying spree on lucrative stocks.
Analysts said the market extended the winning spell despite no incentives of the stock investors in the proposed budget for the fiscal year 2017-18.
After witnessing volatility in the first hour, rest of the session went up marginally higher, finally DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 5.28 points or 0.09 percent to settle at 5,444 points.
The two other indices also edged higher.
The DS30 index, comprising blue chips advanced 5.75 points or 0.28 percent to finish at 2028.
The DSE Shariah Index (DSES) rose 3.67 points or 0.29 per cent to close at 1,263.
However, trading activities fell to BDT 4.60 billion mark, which was 12.44 percent lower than the previous day’s BDT 5.26 billion.
Losers took a modest lead over the gainers, as prices of 160 securities declined, 111 advanced and 53 remained unchanged out of the 324 issues that were traded on the DSE floor.
United Power dominated the DSE turnover chart with about 1.48 million shares worth BDT 274 million changing hands, followed by MJL Bangladesh, Ratanpur Steel, Regent Textile and Agni Systems.
Prime Insurance Company was the day’s highest gainer, posting 4.40 per cent gain, while Sonargaon Textile was the worst loser, losing 5.28 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing 7.64 points to settle at 10,215.
Gainers beat losers as 92 issues closed higher, 91 closed lower and 32 remained unchanged on the CSE.
The port city bourse traded 7.85 million shares and mutual fund units’ worth BDT 254 million in turnover.
BBN/SS/ANS
