Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green on Monday, breaking a three-sessions losing streak, as some optimistic investors took position on sector-wise stocks ahead of Eid festival.
Dealers said a section of investors took position on sector-specific issues amid optimism while some were busy with pre-Eid sale, taking the market in the positive zone after three days.
Following the previous three days’ correction, the market opened with a positive note which continued till end of the session amid modest volatility, finally ended nearly 25 points higher.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 5,844 points, advancing 24.83 points or 0.42 percent over the previous session.
The DSE Shariah Index (DSES) also advanced 1.28 points or 0.09 percent to close at 1,302 points.
However, the DS30 index, comprising the blue-chips, fell 0.92 points or 0.04 percent to finish at 2,098 points.
Turnover on the DSE came down to BDT 7.58 billion which was 1.30 percent lower than the previous day’s turnover of BDT 7.68 billion.
A total number of 0.128 million trades were executed in the day’s trading session with trading volume of 232.57 million securities.
The total market capitalisation of the DSE also rose to BDT 3,955 billion, which was BDT 3,952 billion in the previous session.
Gainers took a modest lead over the losers as 331 issues traded, 160 closed higher, 129 closed lower and 42 remained unchanged on the DSE trading floor.
BBS Cables topped the turnover chart for the fourth session in a row with about 3.35 million shares of nearly BDT 488 million changing hands, closely followed by Keya Cosmetics BDT 260 million, LankaBangla Finance BDT 240 million, Ratanpur Steels BDT 166 million and C&A Textiles BDT 145 million.
BBS Cables also the day’s top gainer, posting a 9.99 percent rise, while Standard Insurance was the worst loser, losing by 18 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher after three sessions with its Selective Categories Index – CSCX – advancing 55 points to settle at 10,982 points.
Gainers beat losers as 126 issues closed higher, 96 closed lower and 231 remained unchanged on the CSE.
The port city bourse traded 18.33 million shares and mutual fund units’ worth BDT 469 million in turnover.