Dhaka, Bangladesh (BBN)– Bangladesh’s stocks rebounded strongly on Sunday, after remaining down in the past two sessions, as investors showed their buying spree on sector-wise issues.
Analysts said investors were active on sector-wise stocks throughout the session amid growing confidence to the market.
Following the previous two sessions fall, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid low trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 43 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 57 points at 10:45am.
After 30 minutes of trading, the DSEX gained more than 56 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 121 points at 11:00am.
After 90 minutes of trading, DSEX rose more than 62 points while the CSE All Shares Price Index advanced 184 points at 12:00 noon.
The upward trend continued till end of the session with no sign of revisal.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,887, advancing 61.70 points or 1.05 percent over the previous day.
The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 20.41 points to finish at 2,029 and the DSES (Shariah) index rose 9.06 points to settle at 1,318.
Turnover, another important indicator of the market, stood at BDT 9.68 billion, which was 4.25 percent higher than the previous day’s turnover of BDT 10.11 billion.
A total number of 213,118 trades were executed in the day’s trading session with trading volume of 297.35 million shares and mutual fund units.
The market-cap of the DSE increased to BDT 4,162 billion which was BDT 4,121 billion in the previous day.
The gainers took a strong lead over the losers as out of 346 issues traded, 193 closed higher, 133 ended lower and 20 issues remained unchanged on the DSE trading floor.
Beximco topped the day’s turnover chart with shares worth BDT 222 million changing hands, closely followed by Premier Bank, JMI Syringes, United Finance and LankaBangla Finance.
First Janata Bank Mutual Fund was the day’s best performer, posting a gain of 10 percent while Imam Button Industries was the day’s worst loser, shedding 9.96 percent.
The port city bourse Chittagong Stock Exchange also ended higher with the CSE All Share Price Index – CASPI – soaring 207 points to settle at 18,065 while the Selective Categories Index – CSCX –rising 127 points to finish at 10,918.
Here too, the gainers beat the losers as 162 issues ended higher, 104 lower and 17 remained unchanged.
The port city bourse traded 23.22 million shares and mutual fund units worth more than BDT 515 million in turnover.