Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to green on Tuesday, after remaining down in the previous day, as optimistic took position on sector specific stocks.
Analysts said the market edged higher as optimistic investors were active on sector specific mid-cap and some large-cap stocks.
The market started with a positive note in the morning which sustained till end of the session, ultimately ended marginally higher.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,711.85 points, advancing 18.91 points or 0.40 percent over the previous session.
The two other indices also closed in the green. The DS30 comprising blue chips advanced 0.53 points or 0.03 percent to settle at 1,755.15 points.
The DSE Shariah Index (DSES) rose 1.76 points or 0.16 percent to close at 1,117.84 points.
Turnover, the important indicator of the market, also improved to BDT 5.72 billion, which was 25.16 percent higher than the previous session’s turnover of BDT 4.57 billion.
The gainers took a strong lead over the losers as out of 323 issues traded, 177 closed higher, 98 closed lower and 48 remained unchanged on the DSE trading floor.
Doreen Power Generation and Systems dominated the DSE turnover chart for the second day with some 2.14 million shares worth nearly BDT 158 million changing hands, followed by Singer Bangladesh BDT 157 million, National Bank BDT 153 million, Titas Gas BDT 149Power Grid Company BDT 125 million.
Yeakin Polymer was the day’s best performer, posting a 9.75 percent gain, while Modern Dyeing was the worst loser, slumping by 6.55 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher after previous day’s correction with its Selective Categories Index- CSCX – advancing 55.25 points to settle at 8,812.76 points.
Gainers beat losers as 140 issues closed higher, 73 closed lower and 40 remained unchanged on the CSE.
The port city bourse traded 13.96 million shares and mutual fund units’ worth over BDT 316 million in turnover.