Bangladesh’s stocks return to the green

Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to higher on Thursday, after one-day break, as some optimistic investors went on buying spree on sector-wise large-cap stocks.

Dealers said the market returned to green as investors showed their buying appetite on sector-wise issues ahead of monetary policy announcement.

Following the previous day’s fall, the Dhaka Stock Exchange (DSE) saw negative trend while the Chittagong Stock Exchange (CSE) opened on positive note.

Within first 15 minutes of trading, the key index of the country’s prime bourse fell nearly 7.0 points while the CSE All Share Price Index (CAPSI) of port city’s bourse advanced 8.65 points at 10:45am.

After first 30 minutes of trading, the key index of the country’s prime bourse fell nearly 10 points while the CSE All Share Price Index (CAPSI) advanced 11 points at 11:00am.

After 90 minutes of trading, DSEX advanced more than 38 points while the CSE All Shares Price Index rose 85 points at 12noon

However, the market witnessed some sale pressure as the session progressed and finally DSEX closed nearly 24 points higher while CAPSI gained 38 points at closing.

DHAKA STOCK EXCHANGE:

DSEX, the benchmark index of the DSE, which replaced the DGEN in five years back, settled at 6,122, advancing 23.90 points or 0.39 percent over the previous day.

The two other indices also ended higher. The DS30 index, comprising blue chips, advanced 4.97 points or 0.22 per cent to finish at 2,241.

The DSE Shariah Index (DSES) also gained 11.47 points or 0.82 percent to settle at 1,404.

The market activities, however, remained below BDT 4.0 billion-mark and the total turnover amounting to BDT 3.58 billion, which was 8.44 percent lower than the previous day’s turnover of BDT 3.91 billion.

The gainers took a modest lead over the losers as out of 334 issues traded, 142 closed higher, 134 lower and 58 issues remained unchanged on the DSE trading floor.

Square Pharmaceuticals topped the day’s turnover chart with 1.40 million shares of BDT 450 million changing hands, followed by Dragon Sweater, IFAD Autos, Grameenphone and Bangladesh Thai Aluminium.

Renwick Jajneswar & Company was the day’s best performer, posting a gain of 7.50 percent while SEML IBBL Shariah Fund was the day’s worst loser, plunging by 6.40 percent.

CHITTAGONG STOCK EXCHANGE:

The port city bourse Chittagong Stock Exchange (CSE) also returned to higher with CSE All Share Price Index – CAPSI – advancing 38 points to finish at 18,869.

The Selective Categories Index – CSCX – also gained 19 points to settle at 11,391.

Losers beat gainers as 1108 issues closed lower, 89 higher and 42 issues remained unchanged on the CSE.

The port city bourse traded 8.63 million shares and mutual fund units worth more than BDT 242 million in turnover.

BBN/SSK/AD