Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded strongly on Thursday, with key index of the major bourse crossing the 6,100-mark, as investors took position on large-cap stocks.
Dealers said the market returned to higher as investors took position on some large-cap sectors like bank, telecommunication and pharmaceuticals, taking the key index to record high.
After witnessing mild correction in the previous day, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher.
The positive trend sustained till end of the session amid modest volatility in the mid-session, but late hours heavy buying closed the prime index of the major bourse nearly 46 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the DSE, which replaced the DGEN in four-and-a-half-year back, settled at nearly 6,115 points, after gaining 45.81 points or 0.75 percent over the previous session.
It was the highest level of DSEX since its inception on January 27, 2013.
The two other indices also saw sharp gain. The DS30 index, comprising blue chips advanced 18 points or 0.83 percent to finish at 2,178 points.
The DSE Shariah Index (DSES) rose 12 points or 0.92 percent to close at 1,348 points.
The market activities remained encouraging with total turnover on DSE amounting to BDT 11.44 billion, which was 16 percent lower than the previous day’s BDT 13.70 billion.
The gainers took a marginal lead over the losers as out of 329 issues traded, 146 closed higher, 133 lower and 50 remained unchanged on the DSE trading floor.
Square Pharmaceuticals topped the day’s turnover chart with 1.22 million shares of BDT 353 million changing hands, followed by Premier Bank, City Bank, National Bank and LankaBangla Finance.
Mithun Knitting was the day’s best performer, posting a gain of 9.91 percent while ICB 2nd NRB Mutual Fund was the day’s worst loser, plunging 10 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gaining 92 points to close at 11,468.
Gainers beat losers as 120 issues closed higher, 107 lower and 35 remained unchanged on the CSE.
The port city bourse traded 19.17 million shares and mutual fund units worth more than BDT 527 million in turnover.