Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded on Wednesday after a single day halt amid profit-taking move of shareholders.
The broad index, DSEX closed at 4440.29 points on Wednesday with a gain of 32.18 points or 0.73 per cent.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 12.70 points and 10.98 points to settle at 1519.84 points and 1018.62 points respectively.
Gainers took a strong lead over losers as out of 356 issues traded, 183 securities gained price while 126 declined and 47 remained unchanged.
Of the listed multinational companies, the share price of Linde Bangladesh, RAK Ceramics, Bata Shoe, LafargeHolcim Bangladesh and Berger Paints advanced marginally.
On the other hand, the price of GlaxoSmithKline (GSK), Marico and Reckitt Benckiser declined marginally on the DSE.
On Wednesday, the DSE featured a turnover of BDT 4.38 billion which was 7.76 per cent higher than that of the previous session.
Of the major sectors based on market capitalisation, financial institutions witnessed 5.0 per cent price appreciation followed by fuel & power 1.3 per cent, engineering 1.2 per cent, and pharmaceuticals & chemicals 0.6 per cent.
The market capitalisation of telecommunication sector declined 1.0 per cent following the price correction witnessed by Grameenphone.
Investors were attracted by engineering sector which featured a turnover of BDT 713 million followed by textile 487 million, pharmaceuticals & chemicals 484 million, cement 383 million, and fuel & power BDT 361 million.
Of the top turnover leaders, LafargeHolcim Bangladesh posted a turnover of BDT 377 million followed by Square Pharmaceuticals BDT 208 million, Khulna Power Company BDT 158 million, Paramount Textiles BDT 138 million and Shurwid Industries BDT 129 million.
SEML IBBL Shariah Fund was the number one gainer with a rise of 10 per cent to close at BDT 6.60 each.
Northern Jute Manufacturing Company was the worst loser after declining 8.58 per cent to close at BDT 383.10 each.
On the other hand, the Chittagong Stock Exchange (CSE) also closed at green from the downbeat of previous day. CSCX and CASPI rose by 69.51 points and 109.89 points to stand at 8208.99 points and 13534.03 points respectively.
At CSE, a total of 8,721,288 shares and mutual fund of 242 companies were traded, of which 133 issues advanced while 83 declined and 26 issues remained unchanged.