Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished marginally higher on Tuesday amid choppy trading as investors went on late hours buying spree on sectors-wise stocks.
Analysts said the market edged higher as optimistic investors took position on sector-wise stocks while some rebalanced their portfolio ahead of dividend declarations.
After witnessing volatility in the first hour of trading, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 6.08 points or 0.09 percent to settle at 6,088, after a marginal correction in the previous day.
The two other indices also edged higher. The DS30 index and the DSE Shariah Index (DSES) finish at 2,246 and 1,406 points, after advancing 1.98 points and 1.52 points respectively.
Trading activities also increased 3.50 percent to BDT 5.03, from previous session’s BDT 4.86 billion.
LankaBangla Finance topped the day’s turnover chart with shares worth BDT 196 million changing hands, followed by Brac Bank, Anwar Galvanizing, Paramount Textile and Keya Cosmetics.
Apex Foods was the day’s best performer, posting a gain of 9.93 per cent while Keya Cosmetics was the day’s worst loser, plunging by 5.30 per cent.
Port city bourse CSE also ended marginally higher with CSE All Share Price Index – CASPI – advancing 48 points to settle at 18,840 and Selective Categories Index – CSCX –rising 24 points to finish at 11,368.
Gainers beat losers as 136 issues closed higher, 69 lower and 32 remained unchanged on the CSE.
The port city bourse traded 9.19 million shares and mutual fund units worth more than BDT 354 million in turnover.