Dhaka, Bangladesh (BBN)– Bangladesh’s stocks returned to green on Wednesday after falling in two consecutive days as investors took position on different stocks particularly large capital ones.
The market opened the session with an enthusiastic mood, and the Dhaka Stock Exchange (DSE) broad index – DSEX – gained 83 points within first half an hour.
Later, the DSEX experienced a few ups and downs before settling finally at 4,068.20 points with a rise of a marginal 0.79 per cent or 31.96 points.
Besides, the shariah-based index – DSES – advanced 0.79 per cent or 7.22 points to close at 914.25.
The DS30 index, comprising blue chip securities, went up by 0.70 per cent or 9.59 points to close at 1,371.23.
Of the 353 issues traded, 210 advanced, 94 declined and 49 were unchanged on the DSE.
The turnover stood at above BDT 2.42 billion, which was 7.61 per cent lower than the turnover of the previous session.
Of the major sectors that witnessed price appreciation, the market capitalisation of banking sector advanced 1.1 per cent, financial institutions 1.8 per cent, engineering 0.7 per cent, pharmaceuticals & chemicals 1.1 per cent, and textile 1.0 per cent.
Following the price correction, witnessed by GP, telecommunication sector declined 1.2 per cent.
Another major sector – fuel & power – declined by 0.5 per cent on the premier bourse.
Investors’ participation was concentrated mostly on banking sector, which grabbed 14.4 per cent of the market turnover. It is followed by pharmaceuticals & chemicals 14 per cent, engineering 11.5 per cent, and textile 8.6 per cent.
Square Pharmaceuticals topped the scrip-wise turnover chart with a value of BDT 203 million, followed by BRAC Bank BDT 159 million, LafargeHolcim BDT 129 million, ADN Telecom BDT 95 million, and Standard Ceramic BDT 83 million.
Tosrifa Industries was the number one gainer with a rise of 8.87 per cent to close at BDT 13.50 each.
Shyampur Sugar Mills was the worst loser after shedding 9.56 per cent to close at BDT 20.80 each.
On the other hand, the Chittagong Stock Exchange (CSE) benchmark index – CASPI – advanced 0.79 per cent or 97.69 points to close at 12,393.04.
Of the 232 issues traded, 125 advanced, 77 declined and 30 were unchanged, and the turnover stood at above BDT 79.91 million on the port-city bourse.
Earlier on Sunday, Bangladesh’s stocks gained marginally.