Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher for the third day in a row on Thursday as optimistic investors continued to take position on sector specific stocks.
Both bourses – the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) finished higher for the three consecutive sessions.
The market opened higher and the upbeat notes sustained till the end of the session amidst improved participation from the investors.
“The buoyancy sustained throughout the session as optimist investors opted to take position on fundamentally sound issues that witnessed price correction in recent bearish momentum,” said EBL Securities, a stockbroker, in its regular market analysis.
The stockbroker noted that the investors found share prices of some large-cap stocks are lucrative due to the continuous fall over the last few days.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,672.87 points, advancing 39.68 points or 0.85 percent over the previous day.
The two other indices also closed higher. The DS30 comprising blue chips advanced 17.85 points or 1.03 percent to settle at 1,757.76 points.
The DSE Shariah Index (DSES) also gained 10 points or 0.90 percent to close at 1,118.05 points.
Turnover, the important indicator of the market, also rose to BDT to BDT 5.04 billion, which was 10 percent higher than the previous session’s turnover of BDT 4.57 billion.
The gainers took a strong lead over the gainers as out of 321 issues traded, 191 closed higher, 86 closed lower and 44 remained unchanged on the DSE trading floor.
Lafarge Surma Cement dominated the DSE turnover chart with some 3.58 million shares worth BDT nearly 278 million changing hands, followed by Brac Bnak BDT 205 million, Bangladesh Building Systems BDT 160 million, Doreen Power BDT 150 million and Titas Gas BDT 94 million.
Khan Brothers PP Woven Bag was the day’s best performer, posting a 9.88 percent gain, while Dulamia Cotton was the worst loser, slumping by7.79 percent.
Chittagong Stock Exchange:
The port city bourse, the Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – advancing 68.85 points to settle at 8,724.45 points.
Gainers beat losers as 129 issues closed higher, 66 closed lower and 41 remained unchanged on the CSE.
The port city bourse traded 11.34 million shares and mutual fund units’ worth over BDT 307 million in turnover.