Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their winning spell for the 10th session in a row on Thursday as enthusiastic investors continued their buying spree amid growing confidence.
Analysts said the investors continued their buying binge on stocks amid spontaneous participation backed by hopes and excitements, taking the taking the prime index of the DSE to fresh 26 months high.
Maintaining the previous day’s upturn, the market started with an optimistic note, but faced profit booking sell pressure early trading.
However, rest of the session went up steadily, ultimately ended 25.64 points higher.
The key index of the DSE advanced 25.64 points, while the Selective Category Index of port city bourse rose 58.38 points at the closing.
DSEX, the prime index of the DSE, went up by 25.64 points or 0.49 per cent to settle at 5,182.25 points, which was the highest level of DSEX since October 10, 2014, when DSEX was 5,285.84. DSEX added about 258 points in the past 10 consecutive sessions.
The two other indices also edged higher.
The DS30, comprising blue chips, advanced 8.32 points or 0.45 per cent to close at 1,864.24 points.
The DSE Shariah Index (DSES) rose 3.72 points or 0.31 per cent to close at 1,222.19 points.
Turnover, the most important indicator of the market, remained encouraging and the total turnover stood at BDT 12.45 billion, which was 3.0 per cent higher than the previous day’s BDT 12.09 billion.
The gainers took a slight lead over the losers as out of 326 issues traded, 147 closed higher, 138 closed lower and 41 remained unchanged on the DSE trading floor.
Beximco dominated the DSE turnover chart with about 18.59 million shares worth nearly BDT 557 million changing hands, followed by IFAD Autos BDT 417 million, Saif Powertec BDT 355 million, Ratanpur Steel Re-rolling Mills BDT 269 million and DESCO BDT 256 million.
Rangpur Foundry was the day’s highest gainer, posting a 9.88 percent rise, while S Alam Cold Steels was the worst loser, slumping 5.36 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index – CSCX – advancing 58.38 points to settle at 9,644.24 points.
Gainers beat losers as 119 issues closed higher, 118 closed lower and 24 remained unchanged on the CSE.
The port city bourse traded 25.67 million shares and mutual fund units’ worth over BDT 734 million in turnover.