Dhaka, Bangladesh (BBN) – Bangladesh’s stocks finished marginally higher on Monday, with key index of the premier bourse crossing the 5,600-mark after more than three weeks, as optimistic investors went on late hours buying spree.
Market insiders said the market returned to higher amid increased participation from investors as enthusiastic investors went on late hours buying spree on large-cap stocks.
The market started with a positive note and the prime index of the Dhaka Stock Exchange (DSE) gained nearly 18 points within first 45 minutes.
But it fell sharply by 25 points at 12:00 noon.
However, rest of the session saw steep rise, ultimately ended nearly 22 points higher.
DSEX gained 21.98 points while the Selective Category Index of port city bourse advanced 42.66 points at the closing.
DSEX, the prime index of the DSE, finished at 5,605, advancing 21.98 points or 0.39 per cent after previous day’s mild correction.
The two other indices also edged higher.
The DS30, comprising blue chips, advanced 5.53 points or 0.27 per cent to close at 2,025.96 points.
The DSE Shariah Index (DSES) gained 4.35 points or 0.33 per cent to close at 1,313.21 points.
Turnover, the most important indicator of the market, rose to BDT 12.98 billion, which was 5.30 per cent higher than the previous day’s BDT 12.33 billion.
However, the losers took a modest lead over the gainers as out of 330 issues traded, 164 closed lower, 115 closed higher and 51 remained unchanged on the DSE trading floor.
Baraka Power dominated the DSE turnover chart for the third session in a row with about 8.84 million shares worth BDT 447 million changing hands, followed by LankaBangla Finance, Islami Bank, Central Pharmaceuticals and Appollo Ispat Complex.
The port city bourse, the Chittagong Stock Exchange (CSE), also returned to higher with its Selective Categories Index – CSCX – advancing 42.66 points to settle at 10,539.18 points.
Losers beat gainers as 131 issues closed lower, 103 closed higher and 28 remained unchanged on the CSE.
The port city bourse traded 20.41 million shares and mutual fund units’ worth over BDT 632 million in turnover.