Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished higher for the two consecutive sessions on Sunday, with key index of the premier bourse crossing the 5,900-mark, as investors took position on large-cap stocks amid post-Eid optimism.
Brokers said the market closed higher as pre-Eid sale pressure somewhat down while some optimistic investors took position on sector-specific issues, especially banking issues, taking the prime index of the major bourse above 5,900-mark.
There are only four trading sessions left before start of the Eid-ul-Azha vacation.
Following the previous week’s marginal gain, the market opened with a positive note which continued till end of the session with no sign of reversal, finally ended 30 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 5,915.42, advancing 30 points or 0.51 percent over the previous session.
The two other indices also closed higher. The DS30 index, comprising the blue-chips, advanced 7.15 points or 0.34 percent to finish at 2,119 points. The DSE Shariah Index (DSES) gained 2.79 points or 0.21 percent to close at 1,308 points.
Turnover, another important indicator of the market, stood at BDT 9.30 billion, which was 19 percent higher than the previous session’s turnover of BDT 7.82 billion.
A total number of 0.140 million trades were executed in the day’s trading session with trading volume of 258.67 million securities.
The total market capitalisation of the DSE hit all-time high to BDT 3,983 billion, which was BDT 3,970 billion in the previous session.
Gainers took a modest lead over the losers as 330 issues traded, 151 closed higher, 144 closed lower and 35 remained unchanged on the DSE trading floor.
Bangladesh Building Systems topped the turnover chart for the fourth day with about 8.25 million shares of BDT 451 million changing hands, closely followed by Fortune Shoes, BBS Cables, LankaBangla Finance and Ratanpur Steels.
Monno Ceramics was the day’s top gainer, posting a 9.94 per cent gain, while Asian Tiger Sandhni Life Growth Fund was the worst loser, losing by 9.48 per cent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index – CSCX – advancing nearly 53 points to settle at 11,089 points.
Gainers beat losers as 115 issues closed higher, 106 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 16.02 million shares and mutual fund units’ worth BDT 526 million in turnover.