Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the gaining streak for the second day in a row on Tuesday as bargain hunters continued to show their buying appetite on lucrative issues.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 31.25 points or 0.70 percent to settle at 4,466 over the previous day.
Market analysts said some investors showed their buying interest on selective large-cap stocks amid lucrative price level after recent steep correction.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 5.45 points to finish at 1,485 and the DSE Shariah Index gained 7.92 points to close at 1,038.
Turnover, an important indicator of the market, stood at BDT 6.09 billion on the country’s premier bourse, rising by 45 percent over the previous day’s turnover of BDT 4.20 billion.
Gainers took a strong lead over the losers as out of 355 issues traded, 233 closed higher, 84 ended lower and 38 remained unchanged on the DSE trading floor.
VFS Thread Dyeing to top the turnover chart with shares worth BDT 185 million changing hands, followed by Square Pharma, Central Pharma, Far Chemical and Daffodil Computers.
Nurani Dyeing was the day’s best performer, posting a gain of 10 percent while Standard Ceramic was the worst loser, losing 8.44 percent.
The port city’s bourse, the Chittagong Stock Exchange, also ended higher with its All Shares Price Index (CASPI)—advancing 107 points to close at 13,666 and the Selective Categories Index – CSCX –gaining 63 points to finish at 8,282.
Here too, the gainers beat losers, as 182 issues closed higher, 52 ended lower and 22 remained unchanged on the CSE.
The port city bourse traded 14.33 million shares and mutual fund units worth BDT 241 million in turnover.