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Bangladesh’s stocks maintain gaining streak

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Dhaka, Bangladesh (BBN)– Bangladesh’s stocks maintained the gaining streak on Wednesday as investors continued to show their buying spree on sector-wise issues.

The market opened on upward trend and key index crossed the 5,800-mark twice in intra-day trading, but failed to stay that level amid profit booking selling pressure, finally ended more than 27 points higher.

DHAKA STOCK EXCHANGE
DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 27.81 points or 0.48 per cent to settle at nine months high at 5,798.

The two other indices also followed the suit. The DS30 index, comprising blue chips, went up by 9.93 points to close at 2,011 and the DSE Shariah Index (DSES) advanced 7.92 points to close at 1,315.

Bullish sentiment also reflected on the trading activities as total turnover on the DSE amounting to BDT10.25 billion, which was 1.50 percent higher than the previous day’s BDT 10.10 billion.

A total number of 221,968 trades were executed in the day’s trading session with trading volume of 278.68 million shares and mutual fund units.

The market-cap of DSE increased to BDT 4,098 billion which was BDT 4,076 billion in the previous day.

The losers, however, took a modest lead over the gainers as out of 346 issues traded, 161 declined, 148 advanced and 37 issues remained unchanged on the DSE floor.

Olympic Industries dominated the turnover chart with 1.38 million shares worth BDT 359 million changing hands, followed by Active Fine Chemicals, BBS Cables, Singer Bangladesh and Dhaka Bank.

United Insurance was the day’s best performer, posting a gain of 9.97 percent.

Delta Spinners was the worst loser further, plunging by 8.22 percent following the news that the company downgraded to “Z” category as it failed to hold an AGM in the calendar year 2018.

CHITTAGONG STOCK EXCHANGE
Port city bourse Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI – advancing 71 points to settle at 17,779 points and Selective Categories Index – CSCX –gaining 46 points to finish at 10,735.

The gainers beat the losers as 126 issues closed higher, 121 ended lower and 18 remained unchanged.

The port city bourse traded 17.84 million shares and mutual fund units worth nearly BDT 629 million in turnover.

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Article source: https://businessnews-bd.net/bangladeshs-stocks-maintain-gaining-streak/

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