Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks returned to the green territory on Tuesday, after a single-day break, as investors showed their buying appetite on financial issues.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 15 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 25 points at 10:45am.
After 30 minutes of trading, the DSEX advanced more than 37 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 32 points at 11:00am when the report was filed.
After that it started to decline as some investors booking profits. After two and a half hours of trading, DSEX posted only 4.72 points gain while the CSE All Shares Price Index advanced 37 points at 1:00pm.
Market analysts said investors were active both sides of trading fence, taking the market turnover above BDT 11 billion level for the second day in a row.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,863, gaining 27.04 points or 0.46 percent over the previous day.
The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 3.07 points to finish at 2,029 and the DSES (Shariah) index gained 4.03 points to settle at 1,330.
Turnover, another important indicator of the market, remained high as the total turnover amounting to BDT 11.39 billion, which was BDT 11.46 billion in the previous day.
A total number of 231,775 trades were executed in the day’s trading session with trading volume of 290.81 million shares and mutual fund units.
The market-cap of the DSE increased to BDT 4,141 billion which was BDT 4,132 billion in the previous day.
The gainers took a modest lead over the losers as out of 344 issues traded, 159 closed higher, 147 ended lower and 38 issues remained unchanged on the DSE trading floor.
Khulna Power Company topped the turnover chart with 6.38 million shares worth BDT 456 million changing hands, closely followed by BBS Cables, Olympic Industries, Active Fine Chemicals and FAS Finance.
United Finance was the day’s best performer, posting a gain of 10 percent while Beximco Synthetics was the day’s worst loser, shedding 6.67 percent.
CHITTAGONG STOCK EXCHANGE:
The port city bourse Chittagong Stock Exchange also ended higher with the CSE All Share Price Index – CASPI – gaining 73 points to settle at 17,957 while the Selective Categories Index – CSCX –advancing 46 points to finish at 10,847.
Here too, the gainers beat the losers as 131 issues closed higher, 119 ended higher and 27 remained unchanged.
The port city bourse traded 14.72 million shares and mutual fund units worth BDT 415 million in turnover.
BBN/SSR/SR