Bangladesh’s stocks extend gaining spell for third day

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning streak for the third running session on Sunday as optimistic investors continued their buying spree.

Analysts said the market maintained the upward trend having optimistic support of sector-wise stocks, taking the prime index to new high.

Following the previous week’s positive movement, the Dhaka Stock Exchange (DSE) the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.

Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 21 points while the CSE All Shares Price Index of port city bourse rose 38 points at 10:45am.

After 30 minutes of trading, the DSEX rose nearly 32 points while CSE All Shares Price Index advanced 60 points at 11:00am.

After 90 minutes of trading, DSEX rose more than 13 points while the CSE All Shares Price Index advanced 37 points at 12noon when the report was filed.

Rest of the session went through flat movement, finally DSEX gained more than 14 points while CSE All Shares Price Index advanced 30 points at closing.

DHAKA STOCK EXCHANGE:

DSEX, the benchmark index of the DSE, went up by 14.36 points or 0.22 percent to settle at historical high at 6,336.88. It was the highest level of DSEX since its inception on January 27, 2013.

The DSE Shariah Index (DSES) also followed the suit to close at historical high of 1394, advancing 0.80 point or 0.05 percent. It was also the highest level of DSES since its introduction on January 20, 2014.

The DS30 index comprising blue chips went up by 2.65 points or 011 percent to settle at 2,280 points.

Trading activities, however, fell 7.38 percent to BDT 7.91 billion on the DSE, from previous day’s BDT 8.54 billion.

The gainers took a modest lead over the losers as out of 328 issues traded, 170 closed higher, 113 closed lower and 45 remained unchanged on the DSE trading floor.

AB Bank topped the day’s turnover chart with 15.78 million shares of BDT 409 million changing hands, followed by Shahjalal Islami Bank, Paramount Textile, BD Thai Aluminium and City Bank.

The state-run Eastern Cables was the day’s best performer, posting a gain of 8.75 percent while Confidence Cement was the day’s worst loser, plunging by 14.49 percent.

CHITTAGONG STOCK EXCHANGE:

The port city bourse Chittagong Stock Exchange (CSE) also ended higher with CSE All Shares Price Index (CAPSI) of port city bourse, gaining 30 points to close at 19,599.

The Selective Categories Index – CSCX – also rose nearly 17 points to finish at 11,861.

Gainers beat losers as 118 issues closed higher, 97 closed lower and 32 remained unchanged on the CSE.

The port city bourse traded 11.95 million shares and mutual fund units worth more than BDT 339 million in turnover.

BBN/SS/AD