Dhaka, Bangladesh (BBN)– Bangladesh’s stocks rebounded in the outgoing week, snapping a four weeks losing streak, as bargain hunters took benefit of the low prices of shares despite ‘strict’ lockdown and reduced trading hours.
The week witnessed four trading days as the market remained closed on April 14 due to Pahela Baishakh. Of them, the first session saw sharp fall while last three ended higher.
Week-on-week, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 55.1 points or 1.05 per cent to settle at 5,310, after losing 314 points in the four consecutive weeks.
Two other indices also ended higher with the DSE30 Index, comprising blue chips, soared 36.43 points to finish at 2,026 and the DSE Shariah Index (DSES) rose 11.42 points to close at 1,209.
The week’s total turnover on the prime bourse stood at BDT 20.19 billion which was BDT 23.24 billion in the week before as last week saw four sessions instead of previous week’s five.
The daily turnover averaged out at BDT 5.05 billion, which was 8.58 per cent higher than the previous week’s average of BDT 4.65 billion.
Gainers took a strong lead over the losers, as out of 367 issues traded, 217 advanced, 90 declined and 60 remained unchanged on the DSE trading floor.
The market-cap of DSE also rose to BDT 4,627 billion on Thursday, up by 0.77 per cent over the week before.
On the other hand, the Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI -gaining 148 points to settle at 15,379 and the Selective Categories Index – CSCX rising 87 points to close at 9,277.
Of the issues traded, 149 advanced, 101 declined and 29 remained unchanged on the CSE trading floor.
The port city’s bourse traded 23.54 million shares and mutual fund units with turnover value of BDT 734 million.