Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the winning streak for the second day in a row on Wednesday as some investors showed their buying appetite on sector-wise issues.
Brokers said the market closed higher as optimistic investors took position on sector-wise stocks while some rebalanced their portfolio ahead of dividend declarations.
The market started on a positive note and the key index of the prime bourse gained nearly 46 points within first hour of trading, but late hour sale pressure wiped out most of the early gains.
Finally, DSE key index ended nearly 14 points higher while CSE All Share Price Index – CASPI – advanced 58 points at closing.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 13.94 points or 0.22 percent to settle at 6,102 over the previous day.
The two other indices also nudged higher.
The DS30 index and the DSE Shariah Index (DSES) finish at 2,250 and 1,410 points, after gaining 4.50 points and 3.88 points respectively.
Trading activities also increased and the total turnover on the DSE amounted to BDT 6.21 billion, which was 23 percent higher than the previous day’s BDT 5.04 billion.
LankaBangla Finance topped the day’s turnover chart with 7.39 million shares worth BDT 297 million changing hands, followed by Unique Hotel & Resorts BDT 174 million, Brac Bank BDT 161 million, Beximco Pharmaceuticals BDT 160 million and Fu-Wang Food BDT 150 million.
Aman Feed was the day’s best performer, posting a gain of 10 percent while Padma Life Insurance was the day’s worst loser, plunging by 4.39 percent.
Port city bourse CSE also ended higher with CSE All Share Price Index – CASPI – advancing 58 points to settle at 18,879 and Selective Categories Index – CSCX – gaining 31 points to finish at 11,389.
Gainers beat losers as 142 issues ended higher, 75 lower and 24 remained unchanged on the CSE.
The port city bourse traded 11.67 million shares and mutual fund units worth more than BDT 263 million in turnover.