Dhaka, Bangladesh (BBN)–Bangladesh’s stocks retuned to green on Thursday, with turnover falling further, as investors followed cautious stance ahead of national budget to be announced on June 4.
The market opened positive and remained upbeat throughout the session amid modest see-saw.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,483.28 points, gaining 27.70 points or 0.62 percent, after slight correction in the previous session.
DS30 index, comprising blue chips, gained 4.55 points or 0.27 percent to close at 1,683.43 points.
However, DSES index closed flat in the red with losing 0.43 points or 0.03 percent to end at 1,082.92 points.
Total turnover on the DSE, however, dropped slightly to BDT 7.78 billion, which was BDT 7.82 billion in the previous session.
Gainers took a modest lead over the losers as out of 307 issues traded, 171 advanced, 114 declined and 22 remained unchanged on the DSE floor.
United Power emerged as the day’s top turnover chart with shares worth BDT 536.54 million changing hands followed by KPCL, MJL BD, RAK Ceramics and BSSCL.
Power Grid Company was the day’s best performer, posting 9.94 percent gain while IFIC Bank was the day’s worst loser, slumping by 10.53 percent.
The port city bourse Chittagong Stock Exchange (CSE) also closed marginally higher with its Selective Categories Index – CSCX – gained 48.55 points to close at 8,458.98 points.
Gainers beat losers 121 to 101, with 17 issues remaining unchanged at the port city bourse that traded 22.40 million shares and mutual fund units, turnover value of BDT 648.39 million.