Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green, snapping a two-day correction, as some investors took position on sector-wise stocks amid optimism.
Following the previous two days’ mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 11 while the Selective Category Index of port city bourse gained nearly 19 points at 10:15am.
After first 30 minutes of trading, DSEX rose 10 points while the Selective Category Index of port city bourse advanced 11 points at 10:30am.
After two hours minutes of trading, DSEX, the prime index of the DSE advanced 20 points while the Selective Category Index of port city bourse gained 47 points at 12:30pm.
And rest of the session stayed positive and finally DSEX closed 11.67 points higher while the Selective Category Index of port city bourse advanced 20 points.
DHAKA STOCK EXCHANGE:
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 11.67 points or 0.19 percent to settle at 5,902 points.
The two other indices also edged higher. The DS30 index, comprising blue chips advanced 4.50 points or 0.21 percent to finish at 2,126 points.
The DSE Shariah Index (DSES) also stayed positive zone, advancing 3.28 points or 0.25 percent to stand at 1,314 points.
Turnover, the important indicator of the market, also fell to BDT 9.62 billion, which was 11 percent higher than the previous day’s BDT 8.66 billion.
The losers took a strong lead over the gainers as 332 issues traded, 173 closed lower, 115 closed higher and 44 remained unchanged on the DSE trading floor.
C&A Textile dominated the day’s turnover chart with about 42.89 million shares of BDT 605 million changing hands, closely followed by Fortune Shoes BDT 391 million, IFAD Autos BDT 341 million, BBS Cables BDT 332 million and City Bank BDT 257 million.
Rupali Bank was the day’s highest gainer, posting a 9.94 percent while Safko Spinning Mills was the worst loser, plunging 7.88 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also returned to higher with its Selective Categories Index – CSCX –advancing 29 points to settle at 11,067 points.
Losers beat gainers as 151 issues closed lower, 89 closed higher and 15 remained unchanged on the CSE.
The port city bourse traded 19.90 million shares and mutual fund units’ worth BDT 523 million in turnover.