Dhaka, Bangladesh (BBN): The market ended higher for the second consecutive session on Wednesday with DGEN crossed 4,400 points mark and turnover hitting nine months high as investors rushed to take position amid optimism.
The General Index of the Dhaka Stock Exchange (DGEN) surged 90.59 points or 2.06 per cent to close at 4,477.08 points which was the seven and a half month high value since October 31, 2012.
The other two indices also witnessed significant gains — the DSEX went up by 74.75 points or 1.78 per cent to close at 4,259.21 points while the blue chip index DS30 gained sharply by 34.38 points or 2.23 per cent to close at 1,570.34 points.
Market turnover at DSE hit 9-month high value of BDT 10.72 billion which was 26.5 per cent higher over previous session’s value, highest since September 26, 2012.
Out of 292 issues traded, 148 advanced, 119 declined and 25 remained unchanged in the primer bourse.
Bangladesh Submarine Cable Company was the most traded stock of the day which accumulated a total turnover of BDT 450.90 million followed by Meghna Petroleum, DESCO, Titas Gas and Olympic Industries.
JMI Syringes & Medical Devices Ltd, which has already been trading at CSE, made its debut trade at DSE Wednesday. The stock topped the gainers chart with a gain of 9.90 per cent.
Southeast Bank First Mutual Fund was the day’s worst losers, slumping by 7.56 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the Selective Categories Index gained 116.22 points to close at 8,364.79 points.
The gainers took modest lead over the losers as out of 216 issues traded at the port city bourse, 105 advanced, 87 declined and 24 remained unchanged that traded 25.51 million shares and mutual fund units, turnover value of BDT 2.30 billion.
BBN/BB/AD/19Jun-13-5.30pm (BST).
