Dhaka, Bangladesh (BBN) – Bangladesh’s stocks edged higher on Thursday with turnover on the premier bourse crossing BDT 5.0 billion-mark after eight sessions as enthusiastic investors poured fresh funds on stocks.
The market started with a positive note which sustained till end of the session amid marginal volatility, ultimately closed slightly higher in benchmark index.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,574.36, advancing 5.07 points of 0.11 percent over the previous day.
The DSE Shariah Index (DSES) also saw a fractional gain of 0.44 point or 0.04 percent to close at 1,123.47 points.
However, DS30 index, comprising blue chips, fell 2.89 points or 0.16 percent to settle at 1,781.02 points.
Turnover, the important indicator of the market, improved to BDT 5.0 billion which was 3.7 percent higher than the previous day’s value of BDT 4.82 billion.
The gainers took a modest lead over the losers as out of 326 issues traded, 170 closed higher, 114 lower and 42 remained unchanged on the DSE trading floor.
Bangladesh Steel Re-rolling Mills dominated the turnover chart with 1.27 million shares worth nearly BDT 217 million changing hands, followed by Singer Bangladesh, MJL Bangladesh, Beximco Pharmaceuticals and BSRM Steels.
Deshbandhu Polymer was the day’s best performer, posting a gain of 9.52 percent, while SEML Lecture Equity Management Fund was the worst loser, plunging by 20 percent following its poor dividend declaration.
The port city bourse Chittagong Stock Exchange (CSE), also closed marginally higher with its Selective Categories Index- CSCX – advancing 3.44 points to finish at 8,562.09 points.
Gainers beat losers 141 to 92, with 29 issues remaining unchanged on the port city bourse that traded 8.58 million shares and mutual fund units with a value of BDT 270 million.