Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green on Thursday, breaking a two-day losing streak, as investors went on buying spree on sector specific stocks amid optimism.
The market opened with an optimistic note in the morning, gaining more than 21 points to reach at 4,945.82 within first 15 minutes of trading.
After 30 minutes of trading, DSEX reached at 4,946.21, advancing 21.86 points or 0.44 per cent at 11:00am and maintained the upward movement till end of session.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 4,956.73, gaining 32.39 points or 0.65 percent over the previous day.
The two other indices also ended higher. The DS30, comprising blue chips, advanced 5.06 points or 0.28 percent to settle at 1,796.64 points.
The DSE Shariah Index (DSES) rose 9.24 points or 0.79 percent to close at 1,175.86 points.
Turnover, the important indicator of the market, also rose to BDT 9.0 billion, which was 21 percent higher than the previous session’s turnover of BDT 7.45 billion.
The gainers took a strong lead over the losers as out of 323 issues traded, 223 closed higher, 68 closed lower and 32 remained unchanged on the DSE trading floor.
Bangladesh Building Systems dominated the DSE turnover chart for the second day with about 8.14 million shares worth BDT 447 million changing hands, closely followed by Appollo Ispat BDT 414 million, Keya Cosmetics BDT 272 million, Summit Alliance Port BDT 240 million and CMC Kamal BDT 208 million.
The Peninsula Chittagong was the day’s highest gainer, posting a 10 percent gain, while Marico Bangladesh was the worst loser, losing 6.24 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – gaining 64.54 points to settle at 9,252.55 points.
Gainers beat losers as 172 issues closed higher, 57 closed lower and 27 remained unchanged on the CSE.
The port city bourse traded 19.61 million shares and mutual fund units’ worth over BDT 493 million in turnover.