DSEX exceeds 5400-mark after six weeks

FE Online Report | Published: August 08, 2018 16:06:35 | Updated: August 09, 2018 17:34:34


Stocks ended higher for the two consecutive sessions Wednesday with core index of the premier bourse crossing the 5,400-mark as enthusiastic investors continued their buying spree.

Brokers said the market maintained the positive trend amid increased participation from investors as investors took fresh position on sector-wise stocks after quarterly earnings.

The market started on positive note and saw some volatility in early trading. But late hours buying spree helped the core index to exceed 5,400-mark.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE) went up by 24 points or 0.44 per cent to settle at 5,405. DSEX crosses 5,400-mark after six weeks.

The DS30 index, comprising blue chips, also advanced 3.45 points to finish at 1,905 points. However, the DSE Shariah Index fell 4.0 points to close at 1,252.

Turnover, an important indicator of the market, also increased slightly as the total turnover stood at Tk 7.24 billion, which was 2.0 per cent higher than the previous day’s Tk 7.10 billion.

Of the 338 issues traded, 163 declined, 141 advanced and 34 issues remained unchanged on the DSE trading floor.

Recently listed Aman Cotton Fibrous topped the turnover chart with shares worth Tk 353 million changing hands, followed by BBS Cables, Legacy Footwear, Paramount Textile and The Peninsula Chittagong.

The port city bourse CSE also ended higher with its CSE All Share Price Index – CASPI –advancing 63 points to settle at 16,608 and the Selective Categories Index - CSCX – gaining 39 points to finish at 10,053.

The losers beat gainers 128 issues closed lower, 90 ended higher, with 26 issues remained unchanged on the CSE.

The port city bourse traded 8.74 million shares and mutual fund units worth more than Tk 262 million in turnover.

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