Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the second day in a row on Sunday with all three indices and market capitalisation of the prime bourse hit a new high.
Analysts said the market maintained the upward trend as investors continued their buying appetite on large-cap sectors like telecommunication, cement, bank and pharmaceuticals, taking the key index to record high.
The market opened optimistic in the morning and the upward trend sustained till end of the session, finally the prime index of the major gained more than 52 points.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at more than 6,167 points, after gaining 52.50 points or 0.85 per cent over the previous session.
It was the highest level of DSEX since its inception on January 27, 2013.
The two other indices also saw sharp gain. The DS30 index, comprising blue chips advanced 22.93 points or 1.05 percent to finish at 2,201.
The DSE Shariah Index (DSES) rose 20.38 points or 1.51 percent to close at 1,368.
The total market capitalisation of the DSE rose to a record high to nearly BDT 4,122 billion, exceeding the previous high of BDT 4,077 billion recorded on the previous session.
The market activities also rose to BDT 12.60 billion, which was 10 percent higher than the previous day’s BDT 11.44 billion.
The loser, however, beat gainers as out of 329 issues traded, 158 closed lower, 143 lower and 28 remained unchanged on the DSE trading floor.
LankaBangla Finance topped the day’s turnover chart with shares of BDT 617 million changing hands, followed by Premier Bank, Square Pharmaceuticals, National Bank and Lafarge Surma Cement.
Lafarge Surma Cement was the day’s best performer, posting a gain of 9.98 percent while Dulamia Cotton Mills was the day’s worst loser, plunging by 9.68 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – gaining 88 points to close at 11,556 points.
Losers, however, beat gainers as 134 issues closed lower, 109 higher and 24 remained unchanged on the CSE.
The port city bourse traded 24.92 million shares and mutual fund units worth more than BDT 776 million in turnover.