Dhaka, Bangladesh (BBN) – Bangladesh’s stocks closed marginally higher on Wednesday for the three consecutive sessions with improving turnover as enthusiastic investors were active on sector specific stocks.
The market started with an upward trend and the key index of the Dhaka Stock Exchange (DSE) crossed the 4,600-mark within first hour of trading, but could not sustain that level as some investors booked quick-profit, ultimately closed marginally higher.
At the end of the session, DSEX, the prime index of the DSE, finished at 4,595.24, advancing 8.98 points of 0.20 percent over the previous day.
However, the two other indices closed in the red. The DS30 index, comprising blue chips, fell 2.23 points or 0.13 per cent to settle at 1,771.62 points.
The DSE Shariah Index (DSES) saw a fractional loss of 0.73 points or 0.06 percent to close at 1,122.56 points.
Turnover, the important indicator of the market, improved to BDT 5.04 billion, which was 18.60 percent higher than the previous day’s value of BDT 4.25 billion.
The losers took a modest lead over the gainers as out of 323 issues traded, 141 closed lower, 139 closed higher and 43 remained unchanged on the DSE trading floor.
National Tubes dominated the turnover chart with some 1.52 million shares worth BDT 178 million changing hands, followed by Square Pharmaceuticals BDT 144 million, Apex Tannery BDT 114 million, Aman Feed BDT 100 million and Bangladesh Shipping Corporation BDT 98 million.
National Tubes was the day’s best performer, posting a gain of 10 percent, while Meghna Pet was the worst loser, plunging by 9.21 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index- CSCX –gaining 8.75 points to finish at 8,597.69 points.
Gainers beat losers 119 to 103, with 31 issues remaining unchanged on the port city bourse that traded 9.10 million shares and mutual fund units with a value of BDT 255 million.
BBN/SSR/BB