Dhaka, Bangladesh (BBN) – Bangladesh’s stocks returned to the green on Wednesday, snapping a three-day losing streak, as some investors went on late hours buying spree on sector-wise stocks.
Analysts said the market rebounded as optimistic investors went on buying spree on sector-wise stocks amid ongoing quarterly earnings declaration.
The market started on a positive note and the upturn sustained till end of the session amid modest volatility, finally DSEX ended more than 24 points higher while CSE All Share Price Index gained 72 points at closing.
DHAKA STOCK EXCHANGE:
DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,802, after gaining 24.67 points or 0.42 percent over the previous session.
The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 1.98 points or 0.09 percent to finish at 2,166.
The DSE Shariah Index (DSES) gained 2.61 points or 0.19 percent to close at 1,342.
The trading activities, however, remained low as the total turnover amounting to BDT 4.85 billion, which was 2.02 percent lower than the previous day’s turnover of BDT 4.95 billion.
The gainers took a modest lead over the losers as out of 335 issues traded, 156 closed higher, 134 closed red and 45 issues remained unchanged on the DSE trading floor.
Grameenphone continued to top the turnover chart with 666,367 shares worth BDT 315 million changing hands, followed by BRAC Bank, United Power, Beximco and Square Pharmaceuticals.
Navana CNG was the day’s best performer, posting a gain of 8.72 percent while Tallu Spinning was the day’s worst loser, plunging by 9.28 percent.
CHITTAGONG STOCK EXCHANGE:
Port city’s bourse CSE also ended higher with the CSE All Share Price Index – CASPI –advancing 72 points to settle at 17,894 and Selective Categories Index – CSCX –gaining 49 points to finish at 10,816 points.
Here too, the gainers beat the losers as 109 issues closed higher, 89 ended lower and 29 remained unchanged on the CSE.
The port city bourse traded 35.80 million shares and mutual fund units worth more than BDT 982 million in turnover.