Dhaka, Bangladesh (BBN) – Dhaka stocks bounced back on Wednesday amid volatile trading, snapping the four straight session of losing streak as investors went for buying mood, market operators said.
The market experienced volatility in the first two hours upon resumption of trading. After that it started to advance steadily as investors went for aggressive buying following previous two day’s sharp fall and finally ended more than 65 points higher.
The benchmark general index of the Dhaka Stock Exchange, generally known as DGEN, the main gauge of the market went up by 65.72 points or 1.27 percent to close at 5,222.25.
Earlier, in the last four consecutive sessions, the benchmark general index of the DSE lost 327.02 points or 5.68 percent.
The broader DSE All Shares Price Index (DSI) advanced 59.81 points or 1.38 per cent to close at 4,364.85. The DSE-20 blue-chip index also gained 36.93 points or 0.96 per cent to close at 3,862.75.
Turnover value stood at BDT 4.06 billion in value terms, almost same of Tuesday’s value of BDT 4.07 billion.
Out of 259 issues traded, 227 advanced, 28 declined and four remained unchanged.
RN Spinning was the topped turnover chart with shares worth BDT 314.08 million changing hands following its approval of right offer.
The securities regulator approved RN Spinning 1R:1 right offer on Tuesday.
National Housing Finance and Investment was the highest gainer posting a rise of 9.36 percent while Modern Dyeing was the day’s worst loser and lost 2.28 per cent.
BBN/SSR/AD-11Jan12-6:38 pm (BST)
