Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their gaining spell for the two consecutive sessions on Tuesday as investors continued on buying spree on large-cap stocks.
Market insiders said the investors remained active on the large-cap stocks, which faced significant correction in the last few sessions, considering lucrative valuation level of stocks.
Both the Dhaka Stock Exchange, the prime bourse of Bangladesh, and Chittagong Stock Exchange, the port city bourse of the country opened with an upward trend which continued till end of the session.
The key index of the Dhaka Stock Exchange (DSE) advanced 37.99 points, while the selective category index of Chittagong Stock Exchange (CSE) earned 72.03 points at the closing.
At the end of the session, the benchmark index of the Dhaka Stock Exchange (DSEX), crossed the 4,300-mark after three trading sessions and settled at 4,326.64 points, gaining 37.99 points or 0.88 per cent.
The DS30 index, comprising blue chips, also rose 23.08 points or 1.38 per cent to settle at 1,689.53 points.
The DSE Shariah Index (DSES) advanced 8.81 points or 0.83 per cent to end at 1,062.03.
Turnover on the DSE amounted to BDT 3.02 billion, which was 4.9 per cent higher than the previous day’s BDT 2.88 billion.
The gainers took a strong lead over the losers, as out of 313 issues traded, 185 closed higher, 79 closed lower and 49 remained unchanged on DSE trading floor.
Lafarge Surma Cement, the multinational cement producer, dominated the turnover chart with shares worth BDT 110 million changing hands, followed by Doreen Power, BSRM, United Power and Square Pharmaceuticals.
Salvo Chemicals was the day’s best performer, posting a gain of 9.90 per cent, while Agrani Insurance was the worst loser, plunging by 6.82 per cent.
The port city bourse Chittagong Stock Exchange (CSE) also ended higher for the second day with its Selective Categories Index, CSCX, advancing 72.03 points to 8,108.05 points.
Gainers beat losers as 133 issues closed higher, 70 closed lower and 36 remained unchanged on the CSE.
The port city bourse traded 6.95 million shares and mutual fund units worth over BDT 181 million in turnover.