Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the two straight sessions on Wednesday with increasing turnover value as optimistic investors were active on sector-wise stocks.
Analysts said investors continued to spur their buying spree on sector-specific issues, closing the market higher for the second day.
Following the previous day’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with increasing trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 12 points while the Selective Category Index of port city bourse gained 15 points at 10:45am.
After 30 minutes of trading, DSEX stayed positive with 3.54 points gain while the Selective Category Index of port city bourse fell 3.14 points at 11:00am.
After 90 minutes of trading, DSEX rose more than 37 points, while the Selective Category Index of port city bourse gained 58 points.
And rest of the session went up amid minor volatility, finally ended more than 26 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) settled at 6,160 points, after advancing 26.73 points or 0.43 percent over the previous day.
The two other indices also ended higher. The DS30 index, comprising blue chips advanced 8.78 points or 0.40 percent to finish at 2190 points.
The DSE Shariah Index (DSES) rose 2.60 points or 0.19 percent to close at 1344 points.
Turnover, the important indicator of the market, stood at BDT 8.84 billion on the DSE, which was 10 percent higher than the previous day’s turnover of BDT 8.01 billion.
A total number of 0.128 million trades were executed in the day’s trading session with trading volume of 289.60 million securities.
The total market capitalisation of the DSE stood at BDT 4,105 billion which was BDT 4,083 billion in the previous trading session.
Of the 332 issues traded, 180 closed higher, 115 closed lower and 37 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the turnover chart with about 8.45 million shares of BDT 536 million changing hands, closely followed by Exim Bank, City Bank, Aamra Networks and BBS Cables.
The newly listed Aarma Networks was the day’s highest gainer, posting a 9.96 percent rise, while Imam Button was the worst loser, losing by 7.35 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing 73 points to settle at 11,588 points.
Gainers beat losers as 127 issues closed higher, 83 closed lower and 33 remained unchanged on the CSE.
The port city bourse traded 16.84 million shares and mutual fund units’ worth BDT 470 million in turnover.