Retailers trade at Dhaka Stock Exchange office. BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks returned to green on Thursday, after one-day break, as some investors went on buying shares, especially large-cap Grameephone and Brac Bank.
Analysts said positive earnings disclosures some of the listed companies encouraged investors to take position on selective issues.
“However, upcoming monetary policy statement kept many investors watchful, taking the turnover below BDT 5.0 billion-mark for the second day,” said a stockbroker.
GP, the country’s largest market-cap listed company’s share traded between BDT 503 and BDT 512, before closing at BDT 510.70, advancing 0.95 percent over the previous day.
It is the highest closing price of GP since its listing with the Bangladesh capital market in 2009.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) opened on negative note while Chittagong Stock Exchange (CSE) saw positive trend in early trading.
Within first 15 minutes of trading, the key index of the country’s prime bourse fell 6.80 points while the CSE All Share Price Index (CAPSI) of port city’s bourse advanced 34 points at 10:45am.
After 30 minutes of trading, the key index of the DSE lost more than 10 points while the CSE All Share Price Index (CAPSI) stayed positive zone with 19 points gain at 11:00am.
After first two hours of trading, DSEX advanced 0.67 points while the CSE All Shares Price Index fell 1.75 points at 12:30pm.
Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 15.12 points or 0.24 percent to settle at 6,216.
Two other indices also inched up. The DS30 index, comprising blue chips, advanced 0.74 points or 0.03 percent to finish at 2,304.
The DSE Shariah Index (DSES) also advanced 0.40 points or 0.03 percent to settle at 1,431.
Trading activities came down to BDT 4.24 billion, which was 2.83 percent lower than the previous day’s turnover of BDT 4.24 billion.
Of the 334 issues traded, 117 closed lower, 161 higher and 56 issues remained unchanged on the DSE trading floor.
Grameenphone topped the day’s turnover chart with shares worth BDT 279 million changing hands, closely followed by Square Pharmaceuticals, National Bank, BD Finance and Appollo Ispat.
Usmania Glass was the day’s best performer, posting a gain of 5.09 percent while Appollo Ispat was the day’s worst loser, plunging by 6.83 percent.
The port city bourse Chittagong Stock Exchange (CSE) also edged higher with CSE All Share Price Index – CAPSI – advancing 10.85 points to finish at 19,161.
The Selective Categories Index - CSCX – also gained 8.14 points to settle at 11,571.
Losers beat gainers as 114 issues closed lower, 88 higher and 27 issues remained unchanged on the CSE.
The port city bourse traded 13.80 million shares and mutual fund units worth more than BDT 362 million in turnover.
BBN/SSR/AD