Business Desk :
Stocks extended the winning streak for the fourth straight sessions Sunday as the buoyant investors continued their buying interest on sector-wise issues amid positive expectations.
The market opened higher and the positive trend sustained till the end of the session amid modest volatility, ultimately ending over 18 points higher.
DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up by 18.02 points or 0.29 per cent to settle at 6,259.46.
Two other indices also edged higher. The DS30 index, comprising blue chips, advanced 6.10 points to finish at 2,226 and the DSE Shariah Index (DSES) gained 6.25 points to close at 1,372.
Turnover, another important indicator of the market, dropped to Tk 10.58 billion, which was Tk 8.80 per cent lower than the previous day’s tally of Tk 11.60 billion.
Market operators said investors’ confidence was boosted to some extent amid a continuous declining trend of fuel prices in the global markets as well as the slight stability in the foreign exchange market due to the central bank’s steps.
Bangladesh Bank tightened the spread between the buying and selling rates of the US dollar to curb the currency volatility last week.
Gainers took a modest lead over the losers as out of 381 issues traded, 136 advanced, 143 declined and 102 issues remained unchanged on the DSE trading floor.
Beximco was the most-traded stock with shares worth Tk 961 million changing hands, followed by Bangladesh Shipping Corporation (Tk 540 million), LafargeHolcim (Tk 434 million), Malek Spinning Mills (Tk 258 million) and Orion Infusion (Tk 208 million).
Monno Fabrics was the day’s top gainer, gaining 10 per cent while BIFC was the day’s worst loser, losing 6.72 per cent.
The Chittagong Stock Exchange (CSE) also edged higher with the CSE All Share Price Index (CASPI), gaining 20 points to settle at 18,390 and its Selective Categories Index (CSCX) rising 12 points to close at 11,018.
Of the issues traded, 111 declined, 101 advanced and 85 issues remained unchanged on the CSE trading floor. The port-city bourse traded 7.69 million shares and mutual fund units with a turnover value of Tk 276 million.
