Stocks closed higher on Monday with the turnover crossing Tk 5.0 billion-mark on the premier bourse as some enthusiastic investors remained active on sector specific stocks.
The market started with a positive note and the key index of the Dhaka Stock Exchange (DSE) gained almost 19 points within first hour of trading, but ended only over 2.0 points higher.
DSEX, the prime index of the DSE, finished at 4,626.18, advancing 2.20 points or 0.05 per cent over the previous day, which is nearly eight months high level of DSEX since January 24.
The key DSE index added about 103 points or 2.27 per cent in the past nine consecutive sessions.
Two other indices, however, closed in the red zone. The DS30 comprising blue chips fell 2.06 points or 0.12 per cent to settle at 1,763.68. The DSE Shariah Index (DSES) shed 1.31 points or 0.12 per cent to close at 1,109.80.
Turnover, considered as the important indicator of the market, saw a significant rise and it stood at Tk 5.40 billion on Monday, which was 71 per cent higher than the previous day’s Tk 3.15 billion.
The losers took a modest lead over the gainers as, out of 323 issues traded, 138 closed lower, 121 higher and 64 remained unchanged on the DSE trading floor.
ACME Laboratories dominated the DSE turnover chart with over 3.0 million shares worth nearly Tk 327 million changing hands, followed by Lafarge Surma Cement, Square Pharmaceuticals, Shahjibazar Power Company and MJL Bangladesh.
National Housing Finance and Investment was the day’s best performer, posting a rise of 9.76 per cent, while Stylecraft was the worst loser, slumping by 6.18 per cent.
Chittagong Stock Exchange (CSE) also finished slightly higher with its Selective Categories Index- CSCX – advancing 4.67 points to settle at 8,657.09 points.
The losers beat the gainers as 110 issues closed lower, 98 closed higher and 29 remained unchanged on the CSE. The port city bourse traded 9.30 million shares and mutual fund units worth over Tk 303 million in turnover.