Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green on Wednesday, with key index of the premier bourse crossing the 4,800-mark after 14 months, as investors took position on some large-cap stocks amid optimism.
Brokers said the market returned to winning streak amid volatile trading, as optimistic investors were active on sector specific stocks, especially later part of the session.
The market started with an upbeat note and key index of the premier bourse rose 15 points within first hour f trading, but fell sharply by 13 points in the next 30 minutes. However, rest of the session went up steadily, ultimately closed 7.93 points higher.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.93 points or 0.16 percent to settle at 4,801.24 points, which was the highest level of DSEX since October 6 last year, when DSEX was 4,833.33 points.
The two other indices also edged higher. The DS30 comprising blue chips advanced 7.27 points or 0.41 per cent to finish at 1,775.33 points.
The DSE Shariah Index (DSES) gained 5.11 points or 0.45 percent to close at 1,140.59 points.
Turnover, the important indicator of the market, however, fell to BDT 6.31 billion, which was 22 percent lower than the previous day’s turnover of BDT 8.08 billion.
The losers took a marginal lead over the gainers as out of 317 issues traded, 135 closed lower, 131 closed higher and 51 remained unchanged on the DSE trading floor.
Lafarge Surma Cement dominated the DSE turnover chart with about 2.80 million shares worth BDT 214 million changing hands, closely followed by Holden Harvest Agro Industries BDT 203 million, Bangladesh Building Systems BDT 188 million, Orion Pharmaceuticals BDT 181 million and Quasem Drycells BDT 165 million.
Golden Harvest Agro Industries was the day’s highest gainer, posting a 9.79 percent gain, while Prime Textile was the worst loser, slumping by 5.14 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also inched higher with its Selective Categories Index – CSCX – advancing 0.27 point to settle at 8,987.74 points.
Losers beat gainers as 118 issues closed lower, 96 closed lower and 38 remained unchanged on the CSE.
The port city bourse traded 14.42 million shares and mutual fund units’ worth overBDT 395 million in turnover.