Dhaka, Bangladesh (BBN)–Bangladesh’s stocks ended higher for the second straight sessions on Wednesday with improving turnover as investors continued on buying spree.
The market opened with an optimistic note, which sustained till closing of the session.
At the end of the session, DSEX, the prime index of the DSE, went up by 75.51 points or 1.88 percent to close at 4,089.88 points.
The two other indices also ended higher.
The DS30 index, comprising blue chips gained 26.52 points or 1.74 percent to close at 1,548.68 points.
The DSE Shariah Index (DSES) rose 20.63 points or 2.08 percent to close at 1,008.56 points.
The total turnover on the DSE also improved and amounted to BDT 3.64 billion, which was 11 percent higher compared to previous session’s value of BDT 3.27 billion.
The gainers took a strong lead over the losers as out of 311 issues traded, 261 advanced, 37 declined and 13 remained unchanged on the DSE floor.
United Power Generation and Distribution Company dominated the top turnover chart with shares worth BDT 288.59 million changing hands followed by ACI Formulations, SPCL, ACI and MJL BD.
Legacy Footwear was the day’s top gainer, posting a rise of 12.96 percent while AIBL First Mutual Fund was the day’s worst loser, plunging by 9.75 percent.
The port city bourse, Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – gained 149.68 points to close at 7,660.63 points.
Gainers beat losers 190 to 23, with 20 issues remaining unchanged at the port city bourse that traded 18.75 million shares and mutual fund units, turnover value of BDT 421.28 million.