Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to green on Tuesday, snapping the previous two days’ downhill, as some investors showed their buying appetite on bank and multinational issues.
Analysts said the market rebounded having optimistic support of heavyweight banking and multinational companies’ shares.
The market started the day with positive movement and maintained stable position throughout the day with minor volatility in the mid-session, finally the key index of the Dhaka Stock Exchange ended nearly 24 points higher.
On the other hand, the All Shares Price Index (CAPSI), of the port city bourse advanced 71 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 6,286.75, after advancing 23.98 points or 0.38 percent over the previous day.
The two other indices also closed higher.
The DS30 index comprising blue chips also advanced 11.76 points or 0.52 percent to close at 2,27
The Shariah Index (DSES) rose 3.41 points or 0.24 percent to finish at 1,391.
However, turnover, the crucial indicator of the market, fell 5.68 percent and amounted to BDT 6.48 billion on the major bourse, from previous day’s BDT 6.87 billion.
The gainers took a modest lead over the losers as out of 332 issues traded, 156 closed higher, 126 closed lower and 50 remained unchanged on the DSE trading floor.
BATBC topped the turnover chart with 132,357 shares of nearly BDT 450 million changing hands, followed by Paramount Textile, BD Thai Aluminium, Confidence Cement and Brac Bank.
Eastern Cables was the day’s best performer, posting a gain of 5.68 percent while Vanguard AML BD Finance Mutual Fund One was the day’s worst loser, plunging by 4.12 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange (CSE) also returned to higher with CSE All Shares Price Index (CAPSI), advancing 71 points to close at 19,468.
The Selective Categories Index – CSCX – also rose 47 points to finish at 11,782.
Gainers beat losers as 116 issues closed higher, 97 closed lower and 30 remained unchanged on the CSE.
The port city bourse traded 11.74 million shares and mutual fund units worth more than BDT 323 million in turnover.