Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the fourth day in a row on Monday with prime index of the country’s major bourse closing at record high since its inception on January 27, 2013.
Analysts said the record breaking rally continued as investors showed their buying appetite on sector-wise stocks, taking the prime index of the prime bourse to record high.
After crossing the major bourse’s key index 6,300-mark for the first time since its inception in the previous day, the Dhaka Stock Exchange (DSE) and 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 more than 33 points while the CSE All Shares Price Index (CAPSI) of port city bourse gained 103 points at 10:15am.
After first 30 minutes of trading, DSEX gained 29 points while CSE All Shares Price Index (CAPSI) of port city bourse rose 86 points at 10:00am.
After 90 minutes of trading, DSEX, the prime index of the DSE advanced more than 29 points while the CSE All Shares Price Index (CAPSI) of port city bourse gained 74 points when the report was filed at 12noon.
However, the key index of the country’s major bourse closed at record high.
DHAKA STOCK EXCHANGE:
Finally, DSEX, the core index of the DSE, which replaced the DGEN in nearly five years back, went up by 12.17 points or 0.19 percent to settle at 6,319.
It was the highest level of DSEX since its inception on January 27, 2013.
The DSE Shariah Index (DSES) rose 9.45 points or 0.68 percent to finish at 1,393 points.
However, the DS30 index comprising blue chips went down by 4.23 points or 0.18 percent to close at 2,286 points.
The total market capitalisation of the DSE also rose to all-time high to BDT 4,261 billion, surpassing the previous high of BDT 4,255 billion recorded on Sunday.
The market activities also rose 19 percent to BDT 11.58 billion, from previous day’s BDT 9.71 billion.
The losers took a modest lead over the gainers as out of 324 issues traded, 161 closed lower, 127 closed higher and 36 remained unchanged on the DSE trading floor.
AB Bank topped the day’s turnover chart with shares of BDT 858 million changing hands, followed by LankaBangla Finance BDT 737 million, Dhaka Bank BDT 513 million, Square Pharmaceuticals BDT 492 million, and Shahjalal Islami Bank BDT 399 million.
Mithun Knitting was the day’s best performer, posting a gain of 9.96 percent while Pacific Denims was the day’s worst loser, plunging by 12.38 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed marginally higher with its All Share Price Index (CAPSI) – gaining 5.25 points to close at 19,543points.
The Selective Categories Index – CSCX – also gained 0.96 points to close at 11,932 points.
Losers beat gainers as 126 issues closed lower, 98 closed higher and 29 remained unchanged on the CSE.
The port city bourse traded 20.53 million shares and mutual fund units worth more than BDT 690 million in turnover.