Dhaka, Bangladesh (BBN)– Bangladesh’s stocks maintained an upward trend on Thursday as investors were active both sides of trading fence, market operators said.
Bargain hunters took position on stocks which suffered losses in recent price corrections, taking the market in the green territory, they explained.
After witnessing volatility almost throughout the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,750, advancing 1.98 points or 0.03 per cent over the previous day.
The DSES (Shariah) index also saw a fractional gain of 0.12 per cent to settle at 1,311. However, the DS30 index, comprising blue chips, fell 4.23 points to finish at 1,999.
Turnover, another important indicator of the market, increased to 9.32 billion, which was 31 per cent higher than the previous day’s turnover of BDT 7.12 billion.
A total number of 188,320 trades were executed in the day’s trading session with trading volume of 252.50 million shares and mutual fund units.
The market-cap of the DSE fell to BDT 4,156 billion, from BDT 4,159 billion in the previous day.
The gainers took a modest lead over the losers, as out of 347 issues traded, 160 closed higher, 148 ended lower and 39 remained unchanged on the DSE trading floor.
Fortune Shoes topped the day’s turnover with 19.52 million shares worth BDT 750 million changing hands, closely followed by United Power, Simtex Industries, Nurani Dyeing and Bangladesh Submarine Cable Company.
On the other hand, the port city bourse edged higher with the CSE All Share Price Index – CASPI – advancing 3.55 points to settle at 17,602 while the Selective Categories Index – CSCX –gaining 3.98 points to finish at 10,650.
Here too, the gainers beat the losers as 134 issues ended higher, 108 lower and 28 remained unchanged.
The CSE traded 11.73 million shares and mutual fund units worth more than BDT 341 million in turnover.