Dhaka, Bangladesh (BBN) – Bangladesh’s stocks stayed positive for the 12 sessions in a row on Thursday as optimistic investors remained active on sector specific stocks.
The market started with a positive in the morning which sustained till closure of the session amid modest volatility in the first hour of trading as enthusiastic investors were active on sector specific stocks, ultimately ended higher.
DSEX, the prime index of the DSE, finished at 4,665.35 points, advancing 5.20 points or 0.11 percent, which is more than eight months high level of DSEX.
DSEX added about 142 points or 3.11 percent in the past 12 consecutive sessions.
The DSE Shariah Index (DSES) also advanced 2.34 points or 0.21 per cent to close at 1,120.49. However, the DS30 comprising blue chips fell 2.43 points or 0.14 per cent to settle at 1,771.02.
Turnover, the important indicator of the market, came down to BDT 5.55 billion, which was 9.61 percent lower than the previous day’s eight month’s high value of BDT 6.14 billion.
The losers took a modest lead over the gainers as out of 323 issues traded, 147 closed lower, 129 closed higher and 47 remained unchanged on the DSE trading floor.
Yeakin Polymer, which made debut today, dominated the DSE turnover chart with shares worth nearly BDT 288 million changing hands, followed by United Power BDT 237 million, LankaBangla Finance BDT196 million, Bangladesh, Bangladesh Submarine Cable Company BDT 166 million and Shahjibazar Power Company BDT 150 million.
Renwick Jajneswar was the day’s best performer, posting a rise of 7.49 percent, while Keya Cosmetics was the worst loser, slumping by 12.71 percent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished slightly higher with its Selective Categories Index- CSCX – advancing 16.37 points to settle at 8,727.36 points.
Gainers beat losers as 129 issues closed higher, 103 closed lower and 29 remained unchanged on the CSE.
The port city bourse traded 12.17 million shares and mutual fund units worth over BDT 410 million in turnover.
BBN/SSR/BB