DSE, CSE extend gaining streak for second day

FE Online Report | Published: September 06, 2018 17:54:52 | Updated: September 13, 2018 12:01:45


Stocks ended the week's last trading session on a positive note on Thursday, extending the gaining streak for second day in a row as investors continued to show their buying appetite.

Analysts said the investors remained active on sector specific shares after the Chinese consortium officially became the strategic partner of premier bourse.

The market opened on positive note and the key index of the major bourse crossed the 5,600-mark in the mid-session. But rest of session eroded most of the early gain.

Finally, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,574, advancing 12 points or 0.21 per cent over the previous day.

The DS30 index, comprising blue chips, also advanced 2.91 points to finish at 1,958. However, the DSE Shariah Index fell 1.30 points to close at 1,278.

Turnover, the most important indicator of the market, remained above Tk 8.0 billion level and amounted to Tk 8.17 billion, which was Tk 8.12 billion in the previous session.

A total number of 153,382 trades were executed in the day’s trading session with trading volume of 200.10 million securities.

The market capitalisation of the DSE stood at Tk 3,963 billion on the day which was Tk 3,962 billion in the previous day.

Of the 336 issues traded, 149 declined, 136 advanced and 51 issues remained unchanged on the DSE trading floor.

Khulna Power Company topped the DSE turnover chart for the fifth straight day with shares worth Tk 637 million changing hands, followed by Active Fine Chemicals, Summit Power, IFAD Autos and Nahee Aluminum.

Summit Power was the day’s best performer, posting a gain of 8.14 per cent while Meghna Pet Industries was the worst loser, losing 6.99 per cent.

The port city bourse CSE finished higher with its CSE All Share Price Index – CASPI – advancing 60 points to settle at 17,202 and the Selective Categories Index - CSCX –gaining 40 points to finish at 10,426.

The gainers beat losers as 111 issues closed higher, 102 ended lower and 38 remained unchanged on the CSE.

The port city bourse traded 10.92 million shares and mutual fund units worth more than Tk 360 million in turnover.

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