BBN file photo
Dhaka, Bangladesh (BBN)- Bangladesh’s stocks backed to the green territory on Tuesday after choppy trading as investors were both sides trading fence.
Analysts said investors were active both sides of trading fence, taking the market the green zone.
Following the previous day’s mild correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher with rising trading activities.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced more than 5.0 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 25 points at 10:45am.
After 30 minutes of trading, the DSEX gained nearly 18 points while the CSE All Share Price Index (CASPI) of port city’s bourse rose 53 points at 11:00am.
After 90 minutes of trading, DSEX advanced more than 16 points while the CSE All Shares Price Index rose 55 points at 12:00 noon.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,865, gaining 6.15 points or 0.10 percent over the previous day.
The two other indices also edged up. The DS30 index, comprising blue chips, advanced 4.40 points to finish at 2,026 and the DSES (Shariah) index gained 3.55 points to settle at 1,319.
Turnover, another important indicator of the market, stood at BDT 8.90 billion, which was BDT 8.85 billion in the previous day.
A total number of 191,127 trades were executed in the day’s trading session with trading volume of 268.95 million shares and mutual fund units.
The market-cap of the DSE increased to BDT 4,158 billion which was BDT 4,152 billion in the previous day.
The losers, however, took a strong lead over the gainers as out of 346 issues traded, 224 closed lower, 95 ended higher and 27 issues remained unchanged on the DSE trading floor.
Premier Bank topped the turnover chart with 37.96 million shares worth BDT 607 million changing hands, followed by United Power, Square Pharmaceuticals, Dhaka Bank and Bangladesh Submarine Cable Company.
The newly listed SS Steel was the day’s best performer, posting a gain of 9.83 per cent while Progressive Life Insurance was the day’s worst loser, shedding 9.18 per cent.
The port city bourse Chittagong Stock Exchange also ended marginally higher with the CSE All Share Price Index – CASPI – gaining 26 points to settle at 18,007 while the Selective Categories Index – CSCX –advancing 14 points to finish at 10,878.
Here too, the losers beat the gainers as 155 issues closed lower, 97 higher and 16 remained unchanged.
The port city bourse traded 14.69 million shares and mutual fund units worth BDT 559 million in turnover.
BBN/SSR/SR