Dhaka, Bangladesh (BBN) – Bangladesh’s stocks extended gaining spell for fourth straight sessions on Sunday in a row as a section of investors continued their buying appetite on sector-wise stocks.
Analysts said witnessed yet another positive session as bargain hunters took position on the lucrative price level in sector specific stocks.
Following the previous week’s marginal correction, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE) opened higher amid optimism.
Within first hour of trading, the key index of the country’s prime bourse advanced more than 50 points while the CSE All Share Price Index (CASPI) of port city’s bourse gained 162 points.
However, the most of the early gains eroded as the progressed amid sale pressure. Finally, DSEX closed more than 12 points higher while CASPI added 93 points at closing.
DSEX, the core index of the DSE, which replaced the DGEN in five years back, settled at 5,883, gaining 12.55 points or 0.21 percent over the previous session.
The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 3.44 points or 0.15 percent to finish at 2,172.
The DSE Shariah Index (DSES) advanced 1.32 points or 0.09 percent to close at 1,373.
The trading activities, however, fell as the total turnover on the DSE amounting to BDT 3.63 billion, which was 14 percent lower than the previous day’s BDT 4.22 billion.
The gainers took a modest lead over the losers as out of 334 issues traded, 178 closed higher, 109 closed red and 47 issues remained unchanged on the DSE trading floor.
National Tubes topped the day’s turnover chart with shares worth BDT 130 million changing hands, closely followed by IFAD Autos, Apex Foods, Alif Industries amid Phoenix Finance.
Apex Foods was the day’s best performer, posting a gain of 7.56 percent while NCC Mutual Fund One was the day’s worst loser, shedding 9.68 percent.
Port city bourse CSE also ended higher with its CSE All Share Price Index – CASPI –gaining 93 points to settle at 18,172 and Selective Categories Index – CSCX – rising 59 points to finish at 10,969 points.
Here too, the gainers beat the losers as 144 issues closed higher, 53 loser and 34 remained unchanged on the CSE.
The port city bourse traded 6.87 million shares and mutual fund units worth more than BDT 177 million in turnover.