Dhaka, Bangladesh (BBN)– Bangladesh’s stocks returned to the green on Wednesday, after remaining down in the past four trading sessions, as some optimistic investors took position on lucrative issues.
After moving between positive and negative territory several times during the trading session, the market finally ended in green zone.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,366.25, advancing 3.14 points or 0.07 percent, after losing 49 points in the past four sessions.
The DSE Shariah Index (DSES) also advanced 0.93 point or 0.08 percent to settle at 1,076.09 points.
However, the DS30 index, comprising blue chips, saw a fractional loss of 0.13 point to close at 1,710.08 points.
Turnover, an important indicator of the market, remained low as total turnover on the DSE amounted to BDT 3.29 billion, which was 0.31 percent higher than the previous day’s BDT 3.28 billion.
The gainers took a modest lead over the losers as out of 321 issues traded, 140 closed higher, 120 lower and 61 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the turnover chart with 1.0 million shares worth BDT 115 million changing hands, followed by Olympic Accessories, National Feed Mills, Square Pharma and Dragon Sweater and Spinning.
Dragon Sweater and Spinning was also the day’s best performer, posting a rise of 5.93 percent, while Zeal Bangla Sugar Mills was the worst loser, plunging 9.09 percent.
The port city bourse Chittagong Stock Exchange (CSE) also returned to green with its Selective Categories Index- CSCX- advancing 9.09 points to finish at 8,175.69 points.
Gainers beat losers 117 to 90, with 37 issues remaining unchanged on the port city bourse that traded 8.71 million shares and mutual fund units with a value of BDT 196 million.