Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks kept gaining streak for the second day in a raw on Monday as some investors continued their buying binge based on quarterly earnings.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 25.36 points or 0.56 percent to settle at 4,506 over the previous day.
Market analysts said finance minister’s new promise to bring state-run companies into the stockmarket, also made some investors optimistic.
Two other indices also ended higher. The DS30 index, comprising blue chips, gained 11.12 points to close at 1,536 and the DSE Shariah Index rose 8.03 points to finish at 1,034.
Turnover, a crucial indicator of the market, amounted to BDT 5.06 billion, which was 9.05 percent higher than the previous day’s turnover of BDT 4.64 billion.
Gainers took a strong lead over the losers as out of 355 issues traded, 196 closed higher, 117 ended lower and 42 remained unchanged on the DSE trading floor.
LafargeHolcim continued to top the turnover chart with shares worth BDT 408 million changing hands, followed by Khulna Power, Summit Power, Bangladesh Shipping Corporation and Grammeenphone.
Dragon Sweater was the day’s best performer, posting a gain of 9.90 percent while United Airways was the worst loser, losing 10 percent.
The port city’s bourse, the Chittagong Stock Exchange, also closed higher with its All Shares Price Index (CASPI)—gaining 60 points to close at 13,711 and the Selective Categories Index - CSCX –advancing 35 points to finish at 8,312.
The port city bourse traded 12.93 million shares and mutual fund units worth BDT 234 million in turnover.
BBN/SSR/AD