Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to green on Wednesday with low turnover, after a single-day correction, as some enthusiastic investors went on late hours buying spree.
The market started with a positive note and the key index of the premier bourse advanced about 12 points within first 10 minutes. But it fell sharply by 27 points in the next 50 minutes. However, rest of the session went up steadily, ultimately ended marginally higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 12.94 points or 0.28 per cent to finish at 4,690.63, after losing 6.31 points in the previous day.
The two other indices also edged higher. The DS30, comprising blue chips, advanced 4.34 points or 0.24 percent to settle at 1,779.10 points.
The DSE Shariah Index (DSES) rose 3.70 points or 0.33 percent to close at 1,126.10 points.
Turnover, the crucial indicator of the market, however dipped below BDT 5.0 billion-mark after eight sessions and the total turnover on the DSE came down to BDT 4.92 billion, which was 7.86 percent lower than the previous day’s BDT 5.34 billion.
Of the issues traded 134 advanced and 134 declined while 55 issues remaining unchanged on the DSE trading floor.
LankaBangla Finance dominated the DSE turnover chart with shares worth over BDT 182 million changing hands, closely followed by Yeakin Polymer BDT 163 million, Bangladesh Shipping Corporation BDT 136 million, Singer Bangladesh BDT 130 million and National Tubes BDT 119 million.
National Housing Finance and Investment was the day’s best performer, posting a rise of 9.95 percent, while Standard Insurance was the worst loser, slumping by 11.38 percent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished slightly higher with its Selective Categories Index- CSCX – advancing 11.61 points to settle at 8,767.73 points.
Losers beat gainers as 113 issues closed lower, 95 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 10.10 million shares and mutual fund units worth nearly BDT 321 million in turnover.