Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the fourth straight session on Thursday with increased trading activities as investors continued their buying binge on large-cap stocks.
Dealers said the optimistic investors showed their buying appetite on shares of June-ending companies as most of the companies disclosed their quarterly earnings and year-end dividend declarations.
The market started with an upward trend and the positive trend sustained till end of the session with no sign of reversal, finally ended more than 26 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, settled at 6,099, after advancing 26.68 points or 0.44 percent over the previous session.
The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,201 and 1,329 points, after gaining 212.46 points and 7.56 points respectively.
Bullish sentiment also reflected on the turnover activities as total turnover on the DSE amounted to BDT 6.76 billion, which was 1.96 percent higher than the previous day’s BDT 6.63 billion.
A total number of 0.123 million trades were executed in the day’s trading session with trading volume of 207.92 million securities.
The total market capitalisation of the DSE stood at BDT 4,123 billion, against BDT 4,110 billion in the previous session.
The gainers took a strong lead over the losers as out of 332 issues traded, 183 closed higher, 108 closed lower and 41 remained unchanged on the DSE floor.
Exim Bank topped the turnover chart with about 13.12 million shares of nearly BDT 235 million changing hands, followed by UCB, IFAD Autos, Power Grid Company, and Keya Cosmetics.
Eastern Housing was the day’s highest gainer, posting a 9.80 percent gain, while Samata Leather was the worst loser, plunging by 4.70 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – advancing by 45 points to settle at 11,438.
Gainers beat losers as 143 issues closed higher, 65 closed lower and 34 remained unchanged on the CSE.
The port city bourse traded 16.80 million shares and mutual fund units’ worth BDT 454 million in turnover.