Dhaka, Bangladesh (BBN)-Bangladesh’s stocks edged up marginally on Sunday with turnover hitting 12-session high as investors went for buying spree on large cap stocks amid optimism.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), ended at 4,448.57 points, gaining 18.09 points or 0.40 percent.
The DS30, comprising blue chips gained 16.81 points or 1.04 percent to close at 1,626.08 points.
The DSE Shariah Index (DSES) also advanced 10.24 points or 1.04 percent to close at 1,003.24 points.
The total turnover at DSE stood at BDT 3.76 billion, registering an increase of 16.40 percent over the previous session’s value of BDT 3.23 billion.
IDLC Investments said, “As market was slow after recent early-year rally, particularly at higher valuation multiples, budgetary expectations was only enough to create little buzz across the bourse”.
“Despite the upcoming budget of this week and its uncertainty, the investors’ positive was reflected on the market through their optimistic sentiment and better momentum,” said International Leasing Securities.
“The Dhaka bourse got off to a strong start at the first day of the week, and was able to highlight constructive performance throughout the trading day,” said Zenith Investments.
Out of 295 issues traded, 139 declined, 125 advanced and 31 closed unchanged on the DSE floor.
GP was the top turnover leader with shares worth BDT 308.99 million changing hands followed by Lafarge Surma Cement, Meghna Petroleum, ACI Limited and MJL BD.
ACI Limited was the day’s highest gainer; posting a rise of 8.61 percent while CMC Kamal was the day’s worst losers, slumping by 11.39 percent.
The port city bourse – Chittagong Stock Exchange (CSE) – however, closed flat in red with its Selective Categories Index – CSCX – lost 0.78 points to close at 8,468.21 points.
Losers beat gainers 119 to 69, with 22 issues remaining unchanged at the port city bourse that traded 6.02 million shares and mutual fund units, turnover value of BDT 263.71 million.
BBN/BB/AS-01June14-3:00pm (BST)
