Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to higher on Wednesday, after a single-session break, as optimistic investors went on late hours buying spree on sector-wise large-cap stocks.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) saw positive trend while the Chittagong Stock Exchange (CSE) saw negative trend in early trading sluggish trading activities.
Within first hour of trading, the key index of the country’s prime bourse advanced 2.43 points while the CSE All Share Price Index (CASPI) of port city’s bourse fell 10.48 points at 11:30am.
After first two hours of trading, DSEX advanced nearly 15 points while the CSE All Shares Price Index gained 5.60 points at 12:30 pm.
Rest of the session went up steadily and finally DSEX ended more than 45 points higher while CSE All Shares Price Index gained 126 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the core index of the Dhaka Stock Exchange (DSE), settled at 5,823, gaining 45 points or 0.78 percent over the previous session.
The DS30 index, comprising blue chips, also gained 14 points or 0.67 percent to finish at 2,190.
The DSE Shariah Index (DSES) advanced 2.10 points or 0.15 percent to close at 1,358.
The market activities also fell to BDT 5.61 billion which was BDT 5.08 billion in the previous session.
However, the losers took a modest lead over the gainers as out of 339 issues traded, 166 closed lower, 129 ended higher and 44 issues remained unchanged on the DSE trading floor.
Beximco continued to dominate the turnover chart with 13.32 million shares worth BDT 412 million changing hands, followed by Al-Aarafah Islami Bank BDT 260 million, BRAC Bank BDT 197 million, United Power BDT 180 million and Usmania Glass Bank BDT 110 million.
CHITTAGONG STOCK EXCHANGE:
Port city bourse CSE ended higher with the CSE All Share Price Index – CASPI – advancing 126 points to settle at 17,975 and Selective Categories Index – CSCX – gaining 80 points to finish at 10,867 points.
Here too, the losers beat the gainers as 123 issues closed lower, 91 ended higher and 28 remained unchanged on the CSE.
The port city bourse traded 10.67 million shares and mutual fund units worth more than BDT 661 million in turnover.