Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their winning streak for the 13 sessions in a row on Saturday as enthusiastic investors remained active on sector specific stocks.
Analysts said the market stayed positive for the 13 consecutive sessions with turnover level remained high indicates growing enthusiasm among the investors.
The market started with a positive in the morning which sustained till closure of the as optimistic investors remained active on sector specific stocks, ultimately ended higher.
The prime index of the Dhaka Stock Exchange (DSE), finished at 4,680.31, advancing further 14.95 points or 0.45 percent, which is more than eight months high level of DSEX.
DSEX added about 158 points or 3.47 percent in the past 13 consecutive sessions.
The two other in indices also closed positive zone. The DS30 comprising blue chips advanced 0.87 points or 0.05 percent to settle at 1,771.90 points.
The DSE Shariah Index (DSES) gained 1.49 points or 0.13 percent to close at 1,121.99 points.
Turnover, the important indicator of the market, however fell slightly to BDT 5.22 billion, which was 5.95 percent lower than the previous day’s BDT 5.55 billion.
The gainers took a strong lead over the losers as out of 325 issues traded, 184 closed higher, 104 closed lower and 37 remained unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart with shares worth over BDT 177 million changing hands, followed by United Power BDT 121 million, Shahjibazar Power Company BDT 119 million, GSP Finance BDT 115 million and Jamuna Oil BDT 106 million.
Yeakin Polymer, which made debut on Thursday, was the day’s best performer, posting a rise of 16.67 percent, while Apex Foods was the worst loser, slumping by 4.28 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher with its Selective Categories Index- CSCX – advancing 40.77 points to settle at 8,768.13 points.
Gainers beat losers as 159 issues closed higher, 73 closed lower and 16 remained unchanged on the CSE.
The port city bourse traded 13.03 million shares and mutual fund units worth over BDT 334 million in turnover.