Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher on Wednesday as optimistic investors showed their buying appetite on large-cap stocks, particularly banking stocks.
Market insiders said most of the investors were buying shares on heavyweight sectors like banking and telecommunication, taking the prime index above 5,400-mark once again.
The key market of Bangladesh opened higher and the upward trend sustained till end of the session with no sign of reversal, finally ended more than 41 points higher.
DHAKA STOCK EXCHANGE
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 41.72 points or 0.77 percent to settle at 5,422 points over the previous day.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 6.79 points to close at 1,899 and the DSE Shariah Index gained 6.46 points to close at 1,247 points.
Turnover, another important indicator of the market, also rose to BDT 5.63 billion, which was 15 percent higher than the previous day’s BDT 4.88 billion.
Of the 338 issues traded, 170 closed higher, 112 ended lower and 56 issues remained unchanged on the DSE trading floor.
A total number of 128,060 trades were executed in the day’s trading session with trading volume of 145.72 million securities.
The market capitalisation of the DSE stood at BDT 3,895 billion on the day which was BDT 3,872 billion in the previous session.
Khulna Power Company dominated the turnover chart with 4.66 million shares worth BDT 557 million changing hands.
The other turnover leaders were United Power Generation & Distribution Company, IFAD Autos, Dragon Sweater and Active Fine Chemicals.
BD Finance was the best performer, posting a gain of 10 per cent while Western Marine Shipyard was the worst loser for the second day, losing 16.53 per cent following its price adjustment after record date.
CHITTAGONG STOCK EXCHANGE
The Chittagong Stock Exchange (CSE) also ended higher with its CSE All Share Price Index – CASPI – advancing 84 points to settle at 16,670 and the Selective Categories Index – CSCX – gaining 54 points to finish at 10,097.
The gainers beat losers as 124 issues ended higher, 95 lower and 30 issues remained unchanged on the CSE.
The port city’s bourse traded 8.56 million shares and mutual fund units worth BDT 219 million in turnover.