BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks witnessed yet another positive session on Tuesday, extending the winning spell for the sixth straight session as optimistic investors continued their buying binge on lucrative stocks.
Brokers said the market maintained the gaining streak as investors reacted positively to the proposed budget while news like surging flow of inward remittance in May encouraged the investors to take fresh position anticipating short-term rally.
Following the previous five days’ positive trend, both bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — opened higher amid increased investors’ participation.
Within first 30 minutes of trading, the key index of the country’s prime bourse advanced more than 17 points while the Selective Category Index of port city bourse rose 21 points when the report was filing at 10:30am.
After first hour of trading, DSEX, the prime index of the DSE went up by 14.63 points or 0.26 per cent to stand at 5,497 points when the report was filed at 11:00am.
After two hours of the trading, DSEX went up by 10.69 points, while the Selective Category Index of port city’s bourse rose 14 points when the report was filing at 12noon.
The upturn continued till end of the session with no sign of reversal, finally ended more than 18 points higher over the previous day.
After four hours trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) crossed the 5500-mark once again and settled at 5,500.65 points, advancing 18.12 points or 0.33 per cent. DSEX added nearly 145 points in the six consecutive sessions.
The two other indices also closed higher. The DS30 index, comprising blue chips advanced 2.34 points or 0.11 per cent to finish at 2047. The DSE Shariah Index (DSES) rose 2.97 points or 0.23 per cent to close at 1,274.
Turnover, the most important indicator of the market, also rose to Tk 6.39 billion, which was 7.21 per cent higher than the previous day’s Tk 5.96 billion.
Gainers took a strong lead over the losers, as prices of 184 securities advanced, 95 declined, and 52 remained unchanged out of the 331 issues that were traded on the DSE floor.
Shahjibazar Power Company topped the DSE turnover chart with about 3.13 million shares worth Tk 472 million changing hands, followed by Brac Bank, LankaBangla Finance, MJL Bangladesh and United Power.
Recently listed Nurani Dyeing & Sweater Complex was the day’s highest gainer, posting 6.31 per cent gain, while National Bank was the worst loser, losing 15.26 per cent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing 33 points to settle at 10,325.
Gainers beat losers as 142 issues closed higher, 61 closed lower and 40 remained unchanged on the CSE.
The port city bourse traded 11.98 million shares and mutual fund units’ worth Tk 1.13 billion in turnover.