Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the four consecutive sessions on Monday as optimistic investors continued their buying spree on sector-wise stocks.
Analysts said the market maintained the positive momentum as investors regained some confidence riding on various steps taken by the government to ease the ongoing liquidity crunch.
Following the previous three days’ gain, the Dhaka Stock Exchange (DSE) saw positive note while the Chittagong Stock Exchange (CSE) saw negative trend in early trading with rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell nearly 4.0 points and the CSE All Share Price Index (CASPI) of port city’s bourse lost 67 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 8.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 60 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 3.36 points while the CSE All Shares Price Index fell 8.40 points at 12:00 noon.
After witnessing volatility in the first half of the trading session, the last half went up steadily.
Finally the DSEX ended more than 14 points higher while CSE All Shares Price Index gained 67 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,879, advancing 14.03 points or 0.24 percent over the previous session.
The two other indices also closed marginally higher with the DS30 index, comprising blue chips, advanced 8.62 points to finish at 2,207 and the DSE Shariah Index (DSES) gained 3.87 points to close at 1,363.
Turnover, the another crucial indicator of the market, soared and the total turnover amounting to BDT 6.91 billion, which was 10 percent higher than the previous day’s BDT 6.22 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 149 closed higher, 143 ended lower and 42 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 17.99 million shares worth BDT 536 changing hands, followed by BRAC Bank, IFAD Autos, United Power and Fortune Shoes.
Central Pharmaceuticals was the day’s best performer, posting a gain of 8.48 percent while Renwick Jajneswar was the day’s worst loser, shedding 5.10 per cent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also closed marginally higher with the CSE All Share Price Index – CASPI – gaining 67 points to settle at 18,155 and Selective Categories Index – CSCX –advancing 42 points to finish at 10,974 points.
Here too, the gainers beat the losers as 126 issues closed higher, 94 loser and 24 remained unchanged on the CSE.
The port city bourse traded 12.38 million shares and mutual fund units worth more than BDT 330 million in turnover.