Dhaka, Bangladesh (BBN)-Bangladesh’s stocks extended their winning spell for the eight consecutive sessions on Tuesday having supported by large-cap stocks.
Analysts said insiders said the recent stable scenario of market coupled with healthy turnover attracted the sideline investors to take fresh positions in lucrative stocks.
Maintaining the previous day’s upward trend, the market opened with an optimistic note with the key index of the major bourse gaining about 31 points to reach at 5,150 within first 10 minutes of trading.
But, the early hour’s upbeat trend could not sustain for a long and lost around 17 points within 40 minutes of trading at 11:10am.
However, rest of the session went up steadily, ultimately ended 18 points higher.
The key index of the DSE advanced 18.15 points, while the Selective Category Index of port city bourse gained 39.39 points at the closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the DSE, went up by 18.15 points or 0.35 per cent to settle at 5,137.74 points, which was the highest level of DSEX since October 30, 2014, when DSEX was 5,173.23.
The two other indices also closed higher. The DS30, comprising blue chips, rose 11.04 points or 0.60 per cent to close at 1,852.64 points.
The DSE Shariah Index (DSES) advanced 3.56 points or 0.29 per cent to close at 1,213.24 points.
Turnover, the most important indicator of the market, remained encouraging and the total turnover stood at BDT 13.91 billion, which was 3.94 per cent lower than the previous day’s BDT 14.48 billion.
The losers, however, took a modest lead over the gainers as out of 327 issues traded, 164 closed lower, 136 closed higher and 27 remained unchanged on the DSE trading floor.
Dhaka Electric Supply Company (DESCO) dominated the DSE turnover chart with about 16.23 million shares worth nearly BDT 841 million changing hands, followed by Beximco BDT 460 million, Bangladesh Building Systems BDT 348 million, Far Chemical Industries BDT 344 million and ACF Agro Biotech BDT 278 million.
Samorita Hospital was the day’s highest gainer, posting a 10 percent rise, while Agrani Insurance was the worst loser, slumping 8.79 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – gaining 39.39 points to settle at 9,575.78.
Losers beat gainers as 133 issues closed lower, 113 closed higher and 17 remained unchanged on the CSE.
The port city bourse traded 28.17 million shares and mutual fund units’ worth over BDT 839 million in turnover.