Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended their gaining spell for the second day in a row on Monday as optimistic investors were active on bank shares.
Following the previous day’s record high, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened with an optimistic note amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 38 points while the Selective Category Index of port city bourse soared 80 points at 10:15am.
After first 30 minutes of trading, DSEX advanced more than 29 points while the Selective Category Index of port city bourse gained 73 points at 10:30am.
But, the morning enthusiasm slowed down as the session progressed, finally, DSEX advanced nearly 6.0 points higher.
DHAKA STOCK EXCHNAGE:
After four hours trading, DSEX, the key index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 5.97 points or 0.10 percent to settle at 5,914, which was the highest level of DSEX since its inception on January 27, 2013.
The country’s prime bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
However, DGEN, the then key index of the DSE, rose to an all-time high at 8918.51 points on December 5, 2010, when the market was bullish before crash.
However, the two other indices failed to close positive. The DS30 index, comprising blue chips fell 4.99 points or 0.23 percent to reach at 212 points.
The DSE Shariah Index (DSES) also lost 4.0 points or 0.30 percent to stand at 1,309 points.
Turnover, the important indicator of the market, also rose to BDT 11.87 billion, which was 29 percent higher than the previous day’s BDT 9.19 billion.
A total of 0.154 million trades were executed on the day with trading volume of 438.07 million shares and mutual fund units on the prime bourse.
The total market capitalisation of the DSE stood at BDT 3967.33 billion which was BDT 3,967.63 billion in the previous session.
The losers, however, took a strong lead over the gainers as 331 issues traded, 202 closed lower, 102 closed higher and 27 remained unchanged on the DSE trading floor.
Bank sector dominated the day’s turnover chart with IFIC Bank led the chart with about 36.30 million shares of BDT 734 million changing hands, followed by City Bank BDT 349 million, BBS Cables BDT 345 million, Eastern Bank BDT 336 million, and National Bank BDT 314 million.
Rupali Bank was the day’s highest gainer, posting a 9.85 percent rise, while Imam Button was the worst loser, plunging 8.58 percent.
CHITTAGONG STOCK EXCHNAGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing nearly 18 points to settle at 11,083 points.
Losers beat gainers as 149 issues closed lower, 95 closed higher and 21 remained unchanged on the CSE.
The port city bourse traded 28.81 million shares and mutual fund units’ worth BDT 685 million in turnover.