Dhaka, Bangladesh (BBN)-Bangladesh’s stocks inched higher on Wednesday, after witnessing volatility almost throughout the trading session, as late hour selling pressure wiped out most of the early gains.
The market opened with a positive note, gaining nearly 17 points within first half of the trading, but last half saw sale pressure, eventually ended almost flat in green zone.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh and Chittagong Stock Exchange, the port city bourse of the country opened with a positive mood and the upbeat note sustain till end of the session.
The benchmark index of Dhaka Stock Exchange (DSE) advanced 3.91 points while the port city bourse, the selective category index of Chittagong Stock Exchange (CSE) earned 8.04 points at the closing.
DHAKA STOCK EXCHANGE:
By the end of the trading session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 4,457.81, advancing 3.91 points or 0.09 per cent.
The DS30 index, comprising blue chips saw a fractional gain of 0.98 point or 0.06 per cent to close at 1,710.57 points.
The DSE Shariah Index (DSES) gained 2.42 points or 0.22 per cent to finish at 1,082.82 points.
The total turnover stood at BDT 3.14 billion, which was 2.61 per cent higher than the previous day’s BDT 3.06 billion.
The gainers took a modest lead over the losers as out of 318 issues traded, 152 closed higher, 113 lower and 53 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the turnover chart with shares worth nearly BDT 231 million changing hands followed by CMC Kamal, Orion Pharmaceuticals, Sinobangla Industries and IFAD Autos.
Sinobangla Industries was the day’s best performer, posting a rise of 9.97 per cent while GPH Ispat was the worst loser, slumping by 36.27 per cent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) edged up with its Selective Categories Index, CSCX, gaining 8.04 points to finish at 8,337.33 points.
Gainers beat losers as 117 issues closed higher, 85 closed lower and 41 remained unchanged on the CSE.
The port city bourse traded 7.66 million shares and mutual fund units worth BDT nearly 201 million in turnover.