Dhaka, Bangladesh (BBN)-Bangladesh’s stocks returned to the green on Monday with higher turnover value, after witnessing a mild correction in the previous day, as optimistic investors were active on large-cap stocks.
The market started with a flying note and the key index of the premier bourse crossed the 4,800-mark within first 30 minutes of trading, but saw some sale pressure in the mid-session.
However, last two hours went up steadily, ultimately ended 11 points higher with buoyant participation of investors.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.07 points or 0.23 percent to settle at 4,797.65, which was the highest level of DSEX since October 7 last year, when DSEX was 4,800.62 points.
The two other indices also edged higher. The DS30 comprising blue chips advanced 1.49 points or 0.08 percent to finish at 1,769.99 points.
The DSE Shariah Index (DSES) gained 1.36 points or 0.12 percent to close at 1,136.05 points.
Turnover, the important indicator of the market, soared to BDT 7.48 billion, which was nearly 23 percent higher than the previous day’s turnover of BDT 6.10 billion.
The gainers took a strong lead over the losers as out of 321 issues traded, 173 closed higher, 112 closed lower and 36 remained unchanged on the DSE trading floor.
Beximco dominated the DSE turnover chart with about 9.29 million shares worth BDT 233 million changing hands, closely followed by Bangladesh Building Systems BDT 232 million, Doreen Power Generations and Systems BDT 176 million, Quasem Drycells BDT 175 million and AB Bank BDT 163 million.
Regent Textile Mills was the day’s highest gainer, posting a 9.77 percent gain, while Savar Refactories was the worst loser, slumping by 9.01 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also edged higher with its Selective Categories Index – CSCX – advancing 29.06 points to settle at 8,986.50 points.
Gainers beat losers as 147 issues closed higher, 76 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 18.82 million shares and mutual fund units’ worth over BDT 415 million in turnover.