Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher for the two consecutive sessions on Sunday with core index of the major bourse hitting record high as investors continued to take position on bank stocks.
Analysts said the market sustained the gaining momentum as stocks from banks remained the driving force to push the index up to record high.
The market opened with a positive note which sustained till end of the session with minor volatility, finally ended nearly 20 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, continued to hold its gaining momentum, adding 19.78 points more to settle at a historical high of 5,921.59, since its inception on January 27, 2013.
The country’s prime bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
However, DGEN, the then key index of the DSE, rose to an all-time high at 8918.51 points on December 5, 2010, when the market was bullish before crash.
Along with core index, the total market capitalisation of the DSE also rose to an all-time high of over BDT 3,979 billion on the day, surpassing the previous high of BDT 3,973 billion recorded on Thursday.
The DS30 index, comprising blue chips, also advanced 0.32 point or 0.33 percent to finish at 2,126. However, the DSE Shariah Index (DSES) shed 3.14 points or 0.24 percent to close at 1,311.
Turnover, the important indicator of the market fell to Tk 7.78 billion on the DSE, which was 19 per cent lower than the previous day’s BDT 9.62 billion.
A total number of 0.251 million trades were executed in the day’s trading session with trading volume of 258.14 million securities.
The losers took a modest lead over the gainers as 329 issues traded, 197 closed lower, 102 closed higher and 30 remained unchanged on the DSE trading floor.
The newly listed BBS Cables led the turnover chart with about 2.99 million shares of BDT 334 million changing hands, followed by IFIC Bank, Fortune Shoes, City Bank and Uttara Bank.
Pubali Bank was the day’s highest gainer, posting a 10 percent rise, while Bangladesh Steel Re-rolling Mills was the worst loser, plunging 5.92 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing nearly 49 to settle at 11,112.
Losers beat gainers as 151 issues closed lower, 68 closed higher and 23 remained unchanged on the CSE.
The port city bourse traded 56.92 million shares and mutual fund units’ worth BDT 1.37 billion in turnover.