Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed yet another positive streak on Thursday as some enthusiastic investors went on late hours buying binge.
Analysts said the market kept the upward trend as buying interest spurred the sector specific issues, especially later half of the trading session, closing the key index of the premier bourse above 5,500-mark once again.
After facing high volatility in the first half of the trading session, the last half went up steadily, ultimately ended 24 points higher.
DSEX advanced 24.23 points while the Selective Category Index of port city bourse gained 38.41 points at the closing.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,512.46, advancing 24.23 points or 0.44 per cent.
DSEX added around 189 points in the past four consecutive sessions.
The two other indices edged higher.
The DS30 index, comprising blue chips advanced 8.50 points or 0.43 per cent to settle at 2,002.36 points.
The DSE Shariah Index (DSES) rose 6.52 points or 0.51 per cent to close at 1,284.93.
Turnover, the important indicator of the market, rose to BDT 9.14 billion, which was 1.78 per cent higher than the previous day’s BDT 8.98 billion.
The gainers took a modest lead over the losers as out of 328 issues traded, 173 advanced, 115 declined and 40 remained unchanged on the DSE floor.
LankaBangla Finance dominated the turnover chart with 9.10 million shares worth BDT 464 million changing hands, followed by IDLC Finance, Saif Powertec, Al-Arafa Islami Bank and Ratanpur Steel Re-rolling Mills.
HR Textile was the day’s top gainer, positing a rise of 7.76 per cent while Imam Button was the worst loser, slumping by 6.87 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing 38.41 points to settle at 10,330.
Gainers beat losers as 114 issues closed higher, 107 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 18.60 million shares and mutual fund units’ worth nearly BDT 538 million in turnover.