Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended marginally higher on Sunday as investors were mostly followed cautious stance ahead of national election.
The eleventh national election of Bangladesh is scheduled to be held on December 30 this year.
Analysts said a section of investors showed some buying appetite while some were busy with rebalancing their portfolios based on quarterly earnings results.
Following the last week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) witnessed marginally higher with low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 12 points while the CSE All Share Price Index (CASPI) of port city’s bourse advanced 27 points at 10:45am.
After 30 minutes of trading, the DSEX advanced more than 14 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 52 points at 11:00am
After 90 minutes of trading, DSEX advanced more than 23 points while the CSE All Shares Price Index rose 83 points at 12noon,
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), advanced 11.43 points.
On the other hand, he port city bourse CSE also closed higher with its CSE All Share Price Index – CASPI – gaining 74 points.
DHAKA STOCK EXCHANGE
The DSEX settled at 5,256, advancing 11.43 points or 0.22 percent over the previous day at closing.
The DSE Shariah Index also advanced 4.37 points to close at 1,212.
However, the DS30 index, comprising blue chips, fell 3.06 points to finish at 1,853.
Turnover, another important indicator of the market, remained almost same as total turnover amounted to BDT 5.56 billion like previous session.
A total number of 125,635 trades were executed in the day’s trading session with trading volume of 135.70 million securities.
The market capitalisation of the DSE stood at BDT 3,820 billion on Thursday which was BDT 3,814 billion in the previous day.
The gainers took a modest lead over the losers as out of 315 issues traded, 144 advanced, 128 declined and 43 issues remained unchanged on the DSE trading floor.
United Power topped the DSE turnover chart with 1.23 million shares worth BDT 395 million changing hands.
The other turnover leaders were Khulna Power Company, SK Trims Industries, Saiham Cotton Mills, and IFAD Autos.
Rangpur Dairy Food was also the day’s best performer, posting a gain of 9.85 percent while Monno Jute Stafflers was the worst loser, losing 76.39 percent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE
The port city bourse CSE closed higher with its CSE All Share Price Index – CASPI – advancing 74 points to settle at 16,129 and the Selective Categories Index – CSCX – rising 45 points to finish at 9,774.
The gainers beat losers as 111 issues closed higher, 89 ended lower and 20 remained unchanged on the CSE.
The port city bourse traded 9.76 million shares and mutual fund units worth more than BDT 250 million in turnover.