Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green on Monday, after a single-session correction, as optimistic investors went on late hours buying spree.
Meanwhile, trading and official activities will remain closed on Tuesday on both bourses due to government holiday on the occasion of Eid-e-Milad-un Nabi.
Brokers said the market returned to gaining streak after moving heavily between red and green in the first half of the day’s trading session, while last half went up steadily.
DSEX, the prime index of the DSE, went up by 8.47 points or 0.17 percent to settle at 4,869.59 points, after losing 32 points in the previous day.
The two other indices also edged higher. The DS30 comprising blue chips advanced 1.43 points or 0.08 percent to finish at 1,785.62 points.
The DSE Shariah Index (DSES) rose 2.56 points or 0.22 percent to close at 1,157.14 points.
Turnover, the most important indicator of the market, came down to BDT 7.41 billion on the DSE, which was 10 percent lower than the previous day’s BDT 8.24 billion.
The losers took a modest lead over the gainers as out of 325 issues traded, 141 closed lower, 131 closed higher and 53 remained unchanged on the DSE trading floor.
Bangladesh Building Systems dominated the DSE turnover chart with about 10.73 million shares worth BDT 471 million changing hands, followed by MJL Bangladesh BDT 243 million, Ratanpur Steel Re-rolling Mills BDT 220 million, IDLC Finance BDT 172 million and IFAD Autos BDT 172 million.
Golden Harvest Agro Industries was the day’s highest gainer, posting a 9.98 percent rise, while Zeal Bangla Sugar Mills was the worst loser for the two consecutive sessions, plunging by 9.90 percent.
However, the port city bourse, the Chittagong Stock Exchange (CSE), finished slightly lower with its Selective Categories Index – CSCX – losing 3.79 points to settle at 9,089.10.
Losers beat gainers as 131 issues closed lower, 86 closed higher and 32 remained unchanged on the CSE.
The port city bourse traded 16.81 million shares and mutual fund units’ worth over BDT 457 million in turnover.