Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded on Monday, after witnessing a sharp fall in the previous day, as investors went on buying shares.
Analysts said the market started the day on a negative note but later in the day investors took position in the undervalued stocks.
At the end of the session, DSEX, the benchmark index of the Dhaka Stock Exchange, rose 34.27 points while the port city bourse also close marginally higher with its CSE All Share Price Index – CASPI – advancing 17 points.
DHAKA STOCK EXCHANGE
The benchmark index of the Dhaka Stock Exchange rose 34.27 points or 0.65 percent to close the day at 5,246 points.
The two other indices – the DS30 index and the DSE Shariah Index (DSES) – also ended higher.
The DS30 index, comprising blue chips, advanced 7.50 points to finish at 1,860 and the DSE Shariah Index rose 8.68 points to close at 1,219.
Turnover, another important indicator of the market, jumped 19 per cent over the previous day to BDT 4.43 billion on the DSE.
Of the traded issues, 199 advanced, 110 declined and 30 securities closed unchanged on the premier bourse.
A total number of 119,768 trades were executed in the day’s trading session on the DSE with trading volume of 125.98 million securities.
The market capitalisation of the DSE also rose to BDT 3,826 billion on the day which was BDT 3,813 billion in the previous session.
Khulna Power Company continued to dominate the DSE turnover chart with 1.65 million shares worth BDT 204 million changing hands.
The other turnover leaders were Monno Ceramic Industries, Intech, The Peninsula Chittagong and Saiham Textile.
Libra Infusion was the day’s best performer, posting a gain of 29.24 percent while Khulna Printing & Packaging was the worst loser, plunging by 27.80 percent following its no dividend recommendation for the year ended on June 30, 2018.
CHITTAGONG STOCK EXCHANGE
The port city bourse, the Chittagong Stock Exchange (CSE), also ended marginally higher with its CSE All Share Price Index – CASPI – advancing 17 points to settle at 16,047 and the Selective Categories Index – CSCX – gaining 15 points to finish at 9,729.
The gainers beat losers as 120 issues closed higher, 83 ended lower, with 24 issues remaining unchanged on the CSE.
The port city bourse traded 9.62 million shares and mutual fund units worth BDT 236 million in turnover.