Dhaka, Bangladesh (BBN)– Bangladesh’s stocks extended the winning streak for the third running session on Monday as optimistic investors showed their buying appetite on sector-wise large-cap issues.
Analysts said the market ended higher amid increased turnover as enthusiastic investors were on active on sector specific heavyweight issues like Square Pharmaceuticals and Grameenphone.
The market opened on positive note and the upward trend sustained till end of the session with no sign of reversal, finally ended nearly 48 points higher.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), settled at 6,195, advancing 47.81 points or 0.78 percent over the previous day.
The two other indices also ended higher. The DS30 index, comprising blue chips, soared 25.14 points or 1.11 percent to finish at 2,285.
The DSE Shariah Index (DSES) also gained 18.46 points or 1.30 percent to settle at 1,428.
The market activities also crossed BDT 5.0 billion-mark after 12-session and the total turnover amounting to BDT 5.02 billion, which was 46 percent higher than the previous day’s turnover of BDT 3.44 billion.
The gainers took a modest lead over the losers as out of 333 issues traded, 150 closed higher, 126 lower and 57 issues remained unchanged on the DSE trading floor.
Square Pharmaceuticals topped the day’s turnover chart for the third day in a row with 1.86 million shares worth BDT 618 million changing hands, followed by IFAD Autos, Grameenphone, Golden Harvest Agro Industries and BBS Cables.
Usmania Glass was the day’s best performer, posting a gain of 9.90 percent while Deshbandhu Polymer was the day’s worst loser, plunging by 5.02 percent.
The port city bourse Chittagong Stock Exchange (CSE) also ended higher with CSE All Share Price Index – CAPSI – advancing 164 points to finish at 19118.
The Selective Categories Index – CSCX – also soared 102 points to settle at 11,543.
Gainers beat losers as 117 issues closed higher, 81 lower and 40 issues remained unchanged on the CSE.
The port city bourse traded 5.66 million shares and mutual fund units worth more than BDT 220 million in turnover.