Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher for the 11 consecutive sessions on Wednesday with turnover hitting eight months high on the major bourse as enthusiastic investors remained active on sector specific stocks.
The market started with a positive in the morning which sustained till closure of the, ultimately ended higher.
The benchmark index of the Dhaka Stock Exchange (DSE) finished at 4,660.15 points, advancing 21.12 points or 0.45 percent, which is more than eight months high level of DSEX.
The two other in indices also closed higher. The DS30 comprising blue chips advanced 3.11 points or 0.18 percent to settle at 1,773.46 points.
The DSE Shariah Index (DSES) gained 2.04 points or 0.18 percent to close at 1,118.15 points.
Turnover, the important indicator of the market, hit more than eight months high to BDT 6.14 billion since January 20, which was 15 percent higher than the previous day’s Tk 5.36 billion.
The gainers took a strong lead over the losers as out of 322 issues traded, 172 closed higher, 91 closed lower and 59 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the DSE turnover chart with shares worth over BDT 326 million changing hands, followed by Square Pharma BDT 288 million, Singer Bangladesh BDT 224 million, Bangladesh Submarine Cable Company BDT 223 million and National Tubes BDT 146 million.
National Housing Finance and Investment was the day’s best performer, posting a rise of 9.84 percent, while Shampur Sugar Mills was the worst loser, slumping by 8.60 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished higher with its Selective Categories Index- CSCX – advancing 22.76 points to settle at 8,710.98 points.
Gainers beat losers as 121 issues closed higher, 89 closed lower and 43 remained unchanged on the CSE.
The port city bourse traded 9.87 million shares and mutual fund units worth over BDT 324 million in turnover.