Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished higher on Tuesday, but turnover fell slightly, as optimistic investors were active on sector-wise stocks.
Brokers said the market ended higher after a flat movement in the previous day as some investors preferred to take position on sector-specific issues.
Following the previous day’s flat movement, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with thin trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 19 points while the Selective Category Index of port city bourse gained 21 points at 10:45am.
After 30 minutes of trading, DSEX gained more than 22 points while the Selective Category Index of port city bourse rose 23 points at 11:00am.
After 90 minutes of trading, DSEX rose more than 30 points, while the Selective Category Index of port city bourse gained 46 points.
The upward trend sustained till end of the session with no sign of reversal, finally key index of the major bourse closed more than 40 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, settled at 6,133, advancing 40.27 points or 0.66 percent over the previous day.
The two other indices — the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,182 and 1,342 points, after advancing 4.85 points and 6.55 points respectively.
Turnover, the important indicator of the market, stood at BDT 8.01 billion on the DSE, which was 13.4 percent lower than the previous day’s turnover of BDT 9.25 billion.
The gainers took a strong lead over the losers as out of 330 issues traded, 240 closed higher, 65 closed lower and 25 remained unchanged on the DSE trading floor.
The banks continued to dominate the turnover chart with Exim Bank topped the turnover chart with about 20.73 million shares of BDT 382 million changing hands, closely followed by Premier Bank, National Bank, Islami Bank and LankaBangla Finance.
Fu-Wang Food was the day’s highest gainer, posting 9.89 percent rise, while Imam Button was the worst loser, losing by 6.85 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX –advancing 85 points to settle at 11,515 points.
Gainers beat losers as 170 issues closed higher, 58 closed lower and 23 remained unchanged on the CSE.
The port city bourse traded 15.41 million shares and mutual fund units’ worth BDT 399 million in turnover.