Bangladesh’s stocks finish marginally higher

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished marginally higher on Sunday as some investors went on late hours buying on sector-wise stocks.

Analysts said despite the managed to close green, investors remained followed cautious and closely observing the political situation.

The market witnessed volatility in the first half of the trading session, but later half went up steadily.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 26.06 points.

On the other hand, the Chittagong Stock Exchange (CSE) also closed marginally higher with its CSE All Share Price Index – CASPI – advancing 42 points.

DHAKA STOCK EXCHANGE

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 26.06 points or 0.48 percent to settle at 5,368.

Two other indices also finished marginally higher. The DS30 index, comprising blue chips, advanced 4.87 points to close at 1,889 and the DSE Shariah Index rose 9.05 points to finish at 1,239.

Turnover, another important indicator of the market, came down to BDT 5.16 billion, falling 1.71 percent over the previous day’s turnover of BDT 5.25 billion.

Of the 336 issues traded, 187 closed higher, 95 ended lower and 54 issues remained unchanged on the DSE trading floor.

A total number of 110,685 trades were executed in the day’s trading session with trading volume of 110.80 million securities.

The market capitalisation of the DSE stood at BDT 3,876 billion on the day which was BDT 3,859 billion in the previous session.

United Power Generation & Distribution Company dominated the turnover chart for the second day in a row with 1.36 million shares worth BDT 449 million changing hands.

The other turnover leaders were Khulna Power Company, IFAD Autos, Monno Ceramic Industries and Active Fine Chemicals.

Al-Haj Textile was the best performer, posting a gain of 9.98 percent while Intech was the worst loser, losing 9.48 percent.

CHITTAGONG STOCK EXCHANGE

The Chittagong Stock Exchange (CSE) also ended marginally higher with its CSE All Share Price Index – CASPI – advancing 42 points to settle at 16,483 and the Selective Categories Index – CSCX – gaining 25 points to finish at 9,984.

The gainers took a modest lead over the losers as 119 issues closed higher, 81 ended lower and 32 issues remained unchanged on the CSE.

The port city’s bourse traded 43.75 million shares and mutual fund units worth BDT 3.27 billion in turnover.

It was the second highest single-day turnover on CSE since October 28, 2010 when turnover was recorded BDT 3.40 billion.

BBN/SS/ANS