Dhaka, Bangladesh (BBN)-Bangladesh’s stocks posted a modest gain on Sunday, snapping as two-day losing streak, as some investors showed buying binge on sector-wise shares after city corporation election.
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 11.85 points or 0.26 percent to settle at 4,481, after losing 41 points in the past two days.
The DS30 index, comprising blue chips, also gained 0.99 point to finish at 1,525. The DSE Shariah Index shed 1.49 points to close at 1,026.
Turnover, a crucial indicator of the market, amounted to BDT 4.64 billion, which was 5.69 percent higher than the previous day’s turnover of BDT 4.39 billion.
Gainers took a modest lead over the losers as out of 356 issues traded, 165 closed higher, 137 ended lower and 54 remained unchanged on the DSE trading floor.
LafargeHolcim continued to top the turnover chart with shares worth BDT 426 million changing hands, followed by Summit Power, Khulna Power, ADN Telecom and Bangladesh Shipping Corporation.
The port city’s bourse, the Chittagong Stock Exchange, also ended marginally higher with its All Shares Price Index (CASPI)—gaining 65 points to close at 13,651 and the Selective Categories Index – CSCX –advancing 41 points to finish at 8,277.
Here too, the gainers beat losers, as 123 issues closed higher, 95 ended lower and 23 remained unchanged on the CSE.
The port city bourse traded 10.52 million shares and mutual fund units worth nearly BDT 272 million in turnover.