Stocks extend rally for fifth straight session, DSEX surpasses 6900-mark

Stocks extended their rally for the fifth straight session on Wednesday with the key index of the prime bourse crossing the 6900-mark amid increased investors’ participation.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 36.93 points or 0.53 per cent to settle at 6,929. DSEX added around 200 points in the past five straight sessions.

Turnover, a crucial indicator of the market, stood at Tk 14.14 billion on the country’s premier bourse, climbing by 19.6 per cent over the previous day’s tally of Tk 11.82 billion.

Favourable macroeconomic indicators prompted some investors to take positions on major sector issues, taking the key index higher further, according to a stockbroker.

Two other indices also edged higher with the DS30 index, comprising blue chips, rising 4.69 points to finish at 2,575 and the DSE Shariah Index advanced 7.56 points to close at 1,463.

Gainers took a strong lead over the losers as out of 378 issues traded, 218 advanced, 121 declined and 39 remained unchanged on the DSE trading floor.

A total number of 234,613 trades were executed in the day’s trading session with a trading volume of 325.58 million shares and mutual fund units.

Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 1.0 billion changing hands, followed by Bangladesh Shipping Corporation (Tk 708 million), Fortune Shoes (Tk 673 million), Power Grid Company (Tk 479 million) and Saif Powertec (Tk 418 million).

Bangladesh Shipping Corporation was the day’s best performer, posting a gain of 9.94 per cent, while Prime Insurance was the worst loser, losing 5.75 per cent.

The Chittagong Stock Exchange (CSE) ended higher with its All Shares Price Index (CASPI)—gaining 172 points to close at 20,326 while the Selective Categories Index – CSCX rose 102 points to close at 12,207.

Of the issues traded, 215 advanced, 64 declined and 25 remained unchanged on the CSE.

The port city bourse traded 14.36 million shares and mutual fund units with a turnover value of more than Tk 434 million.

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