Dhaka, Bangladesh (BBN)– Bangladesh’s stocks posted a modest gain on Sunday, extending the gaining spell for the third straight sessions as bargain hunters continued to show their buying interest on sector-wise large-cap issues.
DSEX, the prime index of the Dhaka Stock Exchange, went up by 14.31 points or 0.31 percent to settle at 4,528 over the previous session.
Market analysts said lucrative price level of fundamentally sound stocks attracted bargain hunters, taking the market in the green zone further.
The DS30 index, comprising blue chips, also saw marginal gain, advancing 2.43 points to finish at 1,545. However, the DSE Shariah Index saw a fractional loss of 0.26 point to close at 1,035.
Turnover, another important indicator of the market, stood at Tk 4.74 billion, which was 7.78 percent lower than the previous day’s turnover of BDT 5.14 billion.
Losers, however, took a slight lead over the gainer, as out of 356 issues traded, 158 closed lower, 150 ended higher and 48 issues remained unchanged on the DSE trading floor.
LafargeHolcim kept its dominance in the turnover list with shares worth Tk 352 million changing hands, followed by SS Steel, ADN Telecom, Square Pharma and Khulna Power.
The port city bourse, Chittagong Stock Exchange, also posted a modest gain with its CSE All Share Price Index – CASPI -advancing 48 points to settle at 13,792 and the Selective Categories Index – CSCX –gaining 28 points to finish at 8,365.
The gainers beat the losers as 115 issues closed higher, 106 ended lower and 25 remained unchanged.
The port city’s bourse traded 9.11 million shares and mutual fund units worth BDT 160 million in turnover.