Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning spell on Thursday, with key index of the major bourse crossing the 6,200-mark once again, as investors remained active on bank shares.
Market insiders said the market ended higher as investors showed buying appetite on large-cap sectors like banks, taking the key index above 6,200-mark once again.
Following the previous day’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with increasing trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 28 points while the Selective Category Index of port city bourse gained 8.24 points at 10:45am.
After 30 minutes of trading, DSEX gained more than 33 points while the Selective Category Index of port city bourse rose 29 points at 11:00am.
After 90 minutes of trading, DSEX rose more than 23 points, while the Selective Category Index of port city bourse gained 25 points at 12noon.
And upward trend sustained till end of the session with no sign of reversal, finally key index of the major bourse closed more than 42 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at 6,202 points, advancing 42.35 points or 0.68 percent over the previous session.
The two other indices also ended higher. The DS30 index, comprising blue chips advanced 10.97 points or 0.50 percent to finish at 2,201.
The DSE Shariah Index (DSES) rose 5.77 points or 0.43 percent to close at 1,350.
The trading activities also crossed BDT 10 billion-mark with total turnover on DSE amounting to BDT 10.58 billion, which was nearly 20 per cent higher than the previous day’s BDT 8.84 billion.
However, losers took a marginal lead over the gainers as out of 332 issues traded, 149 closed lower, 144 higher and 39 remained unchanged on the DSE trading floor.
Uttara Bank topped the day’s turnover chart with 12.22 million shares of BDT 480 million changing hands, closely followed by Exim Bank, UCB, LankaBangla Finance and Islami Bank.
Trust Bank was the day’s best performer, posting a gain of 8.18 percent while Modern Dyeing was the day’s worst loser, plunging by 5.43 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gaining 80.68 points to close at 11,669.
Losers beat gainers as 120 issues closed lower, 113 closed higher and 23 remained unchanged on the CSE.
The port city bourse traded 19.61 million shares and mutual fund units worth BDT 615 million in turnover.