Dhaka, Bangladesh (BBN) – Bangladesh’s stocks ended higher on Monday, with key of the premier bourse hitting nearly 26 months’ high, as investors continued on buying spree.
The market opened with an optimistic note in the morning with the key index of the major bourse gaining more than 15 points to stand at 4,972 points within first 15 minutes of trading.
After 30 minutes of trading, DSEX reached at 4,979, advancing nearly 23 points or 0.45 per cent at 11:00am and maintained the upbeat trend rest of the session, ultimately ended nearly 37 points higher.
After two hours of trading at 12:30pm, the market maintained the upward movement with the key index of the DSE advanced 21.38 points, while the Selective Category Index of port city bourse rose 23.44 points.
Witnessing the upward trend throughout the session, the key index of the Dhaka Stock Exchange hit nearly 26 months’ high.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), soared 36.80 points or 0.74 percent to settle at 4,993.53, which was nearly 25 months’ high since November 12 in 2014 when DSEX was 5,005.65.
The two other indices also ended higher. The DS30, comprising blue chips, advanced 1.61 points or 0.09 percent to finish at 1,798.53 points.
The DSE Shariah Index (DSES) rose 5.37 points or 0.45 percent to close at 1,181.23 points.
Turnover, the important indicator of the market, also rose to BDT 10.82 billion, which was 20 percent higher than the previous session’s turnover of BDT 9.0 billion.
The gainers took a strong lead over the losers as out of 325 issues traded, 204 closed higher, 98 closed lower and 23 remained unchanged on the DSE trading floor.
Bangladesh Building Systems dominated the DSE turnover chart for the third day in a row with about 7.77 million shares worth BDT 419 million changing hands, closely followed by Olympic Accessories BDT 338 million, Appollo Ispat BDT 333 million, Beximco BDT 268 million and Keya Cosmetics BDT 263 million.
Golden Son was the day’s highest gainer, posting a 9.95 percent gain, while Rahima Food was the worst loser, losing 9.03 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – gaining 77.31 points to settle at 9,328.31 points.
Gainers beat losers as 176 issues closed higher, 65 closed lower and 13 remained unchanged on the CSE.
The port city bourse traded 31.30 million shares and mutual fund units’ worth over BDT 683 million in turnover.