Dhaka, Bangladesh (BBN) – Bangladesh’s key stock index jumped 2.67 percent, the biggest single-day gain in the last three years as investors took position on stocks encouraged by the government’s move to ease the ongoing liquidity crunch.
Following the Thursday’s steep rise, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened on a flying note amid rising trading activities.
The upbeat trend continued till end of the session, eventually key index of the country’s prime bourse soared nearly 150 points while the CSE All Share Price Index (CASPI) of port city’s bourse jumped 489 points at closing.
Analysts said spontaneous participation backed by hopes and excitements lured the investors to take position on the large-cap stocks, taking the core index above 5,700-mark once again.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), crossed the 5,700-mark once again and ended at 5,747 points, soaring nearly 150 points or 2.67 percent.
It was the second highest single-day gain of DSEX since its inception on January 27, 2013, so far. DSEX gained more than 154 points on May 10, 2015.
The two other indices also ended higher. The DS30 index, comprising blue chips, went up by 44 points or 2.08 per cent to close at 2,150 points. The DSE Shariah Index (DSES) rose 25 points or 1.91 percent to close at 1,340 points.
Turnover, however, came down to BDT 4.41 billion, which was 6.17 percent lower than the previous day’s BDT 4.70 billion.
Gainers outpaced losers as out of 338 issues traded, 298 advanced, 25 declined and 15 issues remained unchanged on the DSE floor.
LankaBangla Finance dominated the turnover chart with 5.94 million shares worth BDT 184 million changing hands, followed by Beximco, Monno Ceramic, Mercantile Bank and BRAC Bank.
Shasha Denims was the day’s best performer, posting a gain of 9.66 percent while Nitol Insurance was the worst loser, plunging by 12.12 percent.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE also ended higher with the CSE All Share Price Index – CASPI – soaring 489 points to settle at 17,704 points and Selective Categories Index – CSCX – advancing 295 points to finish at 10,698 points.
Here too, the gainers beat the losers as 208 issues closed higher, 25 ended lower and 5 remained unchanged.
The port city bourse traded 8.66 million shares and mutual fund units worth nearly BDT 302 million in turnover.