BBN file photo

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended the gaining streak for the third consecutive sessions on Wednesday as some optimistic investors continued their buying appetite on sector specific shares.
Dealers said the market sustained gaining momentum with healthy amount of activities as optimistic investors remained active in the market while some rebalanced their portfolios.
After witnessing volatility in the early trading, the core index of the prime bourse went up rest of the session, finally ended more than 14 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 14.32 points or 0.24 percent to settle at 5,891, which was the highest level of DSEX since its inception on January 27, 2013.
The country’s prime bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
However, DGEN, the then key index of the DSE, rose to an all-time high at 8918.51 points on December 5, 2010, when the market was bullish before crash.
Along with core index, the total market capitalisation of the DSE also rose to an all-time high of over BDT 3,965 billion on the day, surpassing the previous high of BDT 3,961 billion recorded on Monday.
However, the two other indices faced mild correction. The DS30 index, comprising blue chips, fell 4.52 points or 0.21 percent to finish at 2,132 points.
The DSE Shariah Index (DSES) lost 0.91 points or 0.06 percent to close at 1,315 points.
Turnover, a crucial indicator of the market, also stayed above BDT 12.0 billion-mark for the second day and amounted to BDT 12.22 billion, which was 1.21 percent lower than the previous day’s turnover of BDT 12.37 billion.
The losers took a modest lead over the gainers as 329 issues traded, 148 closed lower, 141 closed higher and 40 remained unchanged on the DSE trading floor.
LankaBangla Finance led the turnover chart with about 16.31 million shares of BDT 915 million changing hands, followed by C&A Textile, Saif Powertec, Tung Hai Knitting and Fu-Wang Food.
Rupali Bank was the day’s highest gainer, posting a 7.03 percent rise, while Sinobangla Industries was the worst loser, plunging 4.38 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing more than 34 points to settle at 11,038 points.
Losers beat gainers as 122 issues closed lower, 111 closed higher and 29 remained unchanged on the CSE.
The port city bourse traded 27.16 million shares and mutual fund units’ worth BDT 691 million in turnover.