Dhaka, Bangladesh (BBN)– Stocks ended higher on Tuesday with key index of the premier bourse crossing the 4,700 points level after nearly 12 months as investors went on late hour buying spree.
Market insiders said optimistic investors remained active on sector specific stocks ahead of corporate declaration, especially later part of the session, closing the market higher.
The market witnessed volatility in the first half of the session while last half of the session saw uptrend, ultimately ended higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 17.65 points or 0.37 per cent to finish at 4,708.78 points, which is the highest level of DSEX since October 14, 2015.
The two other indices also closed marginally higher. The DS30 comprising blue chips advanced 6.24 points or 0.35 per cent to settle at 1,784.92. The DSE Shariah Index (DSES) gained 5.32 points or 0.47 per cent to close at 1,129.36.
Turnover, the important indicator of the market, however, dropped and the total turnover on the DSE stood at BDT 5.62 billion, which was 5.86 per cent lower than the previous day’s turnover of BDT 5.97 billion.
The losers took a marginal lead over the gainers as out of 324 issues traded, 136 closed lower, 134 closed higher and 54 remained unchanged on the DSE trading floor.
MJL Bangladesh dominated the DSE turnover chart for third day in a row with shares worth over BDT 195 million changing hands, followed by Singer Bangladesh, Power Grid Company and Titas Gas.
GBB Power Company was the day’s best performer, posting a 10 per cent gain, while Pragati Life Insurance was the worst loser, slumping by 5.72 per cent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished marginally higher with its Selective Categories Index- CSCX – advancing 29.67 points to settle at 8,809.66 points.
Losers beat gainers as 117 issues closed lower, 95 closed higher and 37 remained unchanged on the CSE.
The port city bourse traded 12.63 million shares and mutual fund units’ worth over BDT 330 million in turnover.