Retailers trade at Dhaka Stock Exchange office. BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the five consecutive sessions on Monday as optimistic investors continued their buying spree on lucrative large-cap stocks.
Brokers said the market maintained the gaining streak as investors find no negative proposals for the capital market in the proposed budget for the fiscal year 2017-18.
Following the previous four days’ positive trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) saw positive trend in early trading.
After 30 minutes of trading, the key index of the country’s prime bourse advanced 10.22 points while the Selective Category Index of port city bourse advanced 4.31 points when the report was filing at 10:30am.
After first hour of trading, the DSEX stands at 5,456 points, advancing more than 11 points while the Selective Category Index of port city bourse rose 31 points at 11:00am.
After two hours of the trading, DSEX went up by 20.33 points, while the Selective Category Index of port city’s bourse rose 9.16 points when the report was filing at 12:00 noon.
The upward trend continued till end of the session with no sign of reversal, finally ended more than 38 points higher over the previous day.
After four hours trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 38.53 points or 0.71 percent to settle at 5,482.52 points.
The two other indices also closed higher. The DS30 index, comprising blue chips advanced 16.33 points or 0.80 percent to finish at 2045 points.
The DSE Shariah Index (DSES) rose 8.25 points or 0.65 per cent to close at 1,271 points.
Turnover, the most important indicator of the market, also rose to BDT 5.96 billion, which was nearly 30 percent higher than the previous day’s BDT 4.60 billion.
Gainers took a strong lead over the losers, as prices of 207 securities advanced, 71 declined, and 47 remained unchanged out of the 325 issues that were traded on the DSE floor.
MJL Bangladesh topped the DSE turnover chart with about 2.94 million shares worth BDT 363 million changing hands, closely followed by LankaBangla Finance BDT 297 million, Brac Bank BDT 281 million, IFAD Autos BDT 256 million and Beximco Pharmaceuticals BDT 237 million.
Appollo Ispat Complex was the day’s highest gainer, posting 6.42 percent gain, while Savar Refractories was the worst loser, losing 4.14 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing 77 points to settle at 10,292.
Gainers beat losers as 145 issues closed higher, 53 closed lower and 27 remained unchanged on the CSE.
The port city bourse traded 11.77 million shares and mutual fund units’ worth BDT 414 million in turnover.