Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the two consecutive sessions on Wednesday as optimistic investors continued their buying spree on lucrative stocks.
Brokers said the market extended the winning spell just ahead of budget announcement as some enthusiastic investors went on buying spree on sector specific large-cap stocks.
The market started with a positive note and the positive trend continued till end of the session with no sign of reversal, finally ended nearly 30 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 29.85 points or 0.55 percent to settle at 5,403 points.
The two other indices also edged higher.
The DS30 index, comprising blue chips advanced 13.19 points or 0.66 per cent to finish at 2005 points.
The DSE Shariah Index (DSES) gained 2.63 points or 0.21 percent to close at 1,251 points.
Trading activities crossed the BDT 5.0 billion mark and stood at BDT 5.06 billion, which was 59 percent higher than the previous day’s nine months lowest value BDT 3.18 billion.
Gainers took a modest lead over the losers, as prices of 154 securities advanced, 113 declined and 54 remained unchanged out of the 321 issues that were traded on the DSE floor.
Brac Bank dominated the DSE turnover chart with about 3.25 million shares worth BDT 250 million changing hands, followed by IFAD Autos, MJL Bangladesh, United Power and Doreen Power.
BDCOM Online was the day’s highest gainer, posting 5.22 percent gain, while NCC Bank was the worst loser, losing 4.65 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing 4.65 points to settle at 10,129.
Gainers beat losers as 108 issues closed higher, 88 ended lower and 39 remained unchanged on the CSE.
The port city bourse traded 10.98 million shares and mutual fund units’ worth BDT 1.73 billion in turnover.