Dhaka, Bangladesh (BBN) – Bangladesh’s Stocks extended their gaining spell for the ten days in a row as optimistic investors remained active on sector specific stocks.
The market started with a positive in the morning which sustained till closure of the, ultimately ended nearly 13 points higher.
The benchmark index of the DSE finished at 4,639.13, advancing 12.95 points or 0.28 percent over the previous day, which is more than eight months high level of DSEX.
DSEX added about 116 points or 2.55 percent in the past ten consecutive sessions.
The two other in indices also closed higher. The DS30 comprising blue chips advanced 6.67 points or 0.38 percent to settle at 1,770.35 points.
The DSE Shariah Index (DSES) gained 6.30 points or 0.56 percent to close at 1,116.11 points.
Turnover, the important indicator of the market, remained above BDT 5.0 billion level and the total turnover amounted to BDT 5.36 billion, which was 0.74 percent higher than the previous day’s BDT 5.40 billion.
The gainers took a strong lead over the losers as out of 321 issues traded, 155 closed higher, 116 closed lower and 50 remained unchanged on the DSE trading floor.
Square Pharmaceuticals dominated the DSE turnover chart with over 1.38 million shares worth nearly BDT 372 million changing hands, followed by ACME Laboratories, Singer Bangladesh, Shahjibazar Power Company and Bangladesh Shipping Corporation.
Renwick Jajneswar was the day’s best performer, posting a rise of 7.49 percent, while Modern Dyeing was the worst loser, slumping by 8.07 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher with its Selective Categories Index- CSCX – advancing 31.12 points to settle at 8,688.22 points.
Gainers beat losers as 129 issues closed higher, 80 closed lower and 37 remained unchanged on the CSE.
The port city bourse traded 8.79 million shares and mutual fund units worth over BDT 295 million in turnover.