Dhaka, Bangladesh (BBN)– Turnover on the Bangladesh’s premier bourse Dhaka Stock Exchange (DSE) hit a more than eight-month high on Thursday as investors injected fresh funds into stocks amid optimism.
Turnover, an important indicator of the market, jumped 39 percent to BDT 6.82 billion with 195.34 million shares and mutual fund units changing hands on the premier bourse. It was the highest turnover value since January 19, when turnover was BDT 7.21 billion.
Maintaining the previous day’s gaining streak, the market started with a positive and sustained the positive note almost throughout the session amid marginal sale pressure in the final hour, ultimately benchmark index of the premier bourse closed 4.56 points higher.
At the end of the session, DSEX, the prime index of the DSE finished at 4,695.18 points, advancing 4.56 points or 0.09 percent over the previous day.
However, the two other in indices ended in the red. The DS30 comprising blue chips fell 0.69 point or 0.04 percent to settle at 1,778.70 points.
The DSE Shariah Index (DSES) lost 0.24 points or 0.02 percent to close at 1,125.86 points.
Gainers outnumbered losers 159 to 116, with 53 issues remained unchanged on the DSE trading floor.
Doreen Power Generations and Systems dominated the DSE turnover chart with shares worth nearly BDT 209 million changing hands, followed by MJL Bangladesh, LankaBangla Finance, City Bank and Bangladesh Building Systems.
Union Capital was the day’s best performer, posting a rise of 9.60 percent, while Modern Dyeing was the worst loser, slumping by 6.12 percent.
The port city bourse, the Chittagong Stock Exchange (CSE) also finished marginally higher with its Selective Categories Index- CSCX – advancing 23.66 points to settle at 8,785.86 points.
Gainers beat losers as 132 issues closed higher, 76 closed lower and 38 remained unchanged on the CSE.
The port city bourse traded 11.29 million shares and mutual fund units worth nearly BDT 325 million in turnover.