Dhaka: Country’s both bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — today extended its gaining streak for the third consecutive session as renewed buying interest in major large-cap stocks continued to drive market momentum. DSEX, the broad index of the Dhaka Stock Exchange, declined by 6.6 points to settle at 5,449 points as against 5,455 points in the previous trading session.
According to Bangladesh Sangbad Sangstha, market analysts observed that although the session started off with extended positive momentum from the previous session, sentiment weakened soon as broader profit-taking set in, weighing on the market indices. However, market turnover further increased by 5.9% to Taka 12.5 billion from Taka 11.8 billion in the previous session.
On the sectoral front, Textile issues exerted the highest turnover at 14.7%, closely followed by the Pharma and Bank sectors, which contributed 14.7% and 9.5% to the total turnover, respectively. Sectors displayed mixed returns, with IT, Fuel and Power, and Ceramic sectors exhibiting the most positive returns of 2.2%, 2.0%, and 1.7%, respectively, while Jute, Financial Institution, and General Insurance sectors saw corrections of -1.8%, -1.0%, and -0.8%.
Out of the 397 issues traded, 136 advanced, 215 declined, and 46 remained unchanged. The port city bourse, CSE, also settled on positive terrain, with the Selective Categories’ Index (CSCX) and All Share Price Index (CASPI) rising by 15.3 points and 15.7 points, respectively.