Dhaka, Bangladesh (BBN) – Bangladesh’s stocks rebounded strongly on Sunday, after single-session break, with key index of the major bourse hitting record high as optimistic investors showed their buying appetite on sector-wise large-cap stocks.
Following the previous week’s upward trend, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened positive in early trading amid rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced 12 points while the Selective Category Index of port city bourse rose 22 points at 10:15am.
After first 30 minutes of trading, DSEX advanced more than 11 points while the Selective Category Index of port city bourse rose 16 points at 10:30am.
The early enthusiasm somewhat subdue after one hour of trading. But, rest of the session went up steadily finally DSEX ended more than 27 points higher while the Selective Category Index of port city bourse advanced 52 points higher.
DHAKA STOCK EXCHNAGE:
After four hours trading, DSEX, the key index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 27 points or 0.46 percent to settle at 5,908, which was the highest level of DSEX since its inception on January 27, 2013.
The country’s prime bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).
However, DGEN, the then key index of the DSE, rose to an all-time high at 8918.51 points on December 5, 2010, when the market was bullish before crash.
Along with core index, the total market capitalisation of the DSE also rose to an all-time high of over BDT 3,967 billion on the day, surpassing the previous high of BDT 3,961 billion recorded last week.
The two other indices — the DS30 index and the DSE Shariah Index (DSES) — followed the suit to close at 2,130 and 1,313 points, after advancing 7.0 points and 1.49 points respectively.
Turnover, the important indicator of the market, also rose to BDT 9.19 billion, which was 15 percent higher than the previous day’s BDT 10.77 billion.
The gainers took a strong lead over the losers as 332 issues traded, 153 closed higher, 146 closed lower and 33 remained unchanged on the DSE trading floor.
City Bank led the turnover chart with about 8.35 million shares of BDT 361 million changing hands, followed by BBS Cables BDT 332 million, IFAD Autos BDT 331 million, LankaBangla Finance BDT 312 million and C&A Textile BDT 246 million.
BBS Cables was the day’s highest gainer, posting a 9.84 percent rise, while Information Services Network was the worst loser, plunging 6.25 percent.
CHITTAGONG STOCK EXCHNAGE:
The port city bourse, the Chittagong Stock Exchange (CSE), also rebounded strongly with its Selective Categories Index – CSCX – gaining more than 52 points to settle at 11,065 points.
Gainers beat losers as 123 issues closed higher, 106 closed lower and 26 remained unchanged on the CSE.
The port city bourse traded 25.36 million shares and mutual fund units’ worth BDT 636 million in turnover.