Bank shares up at DSE
Dhaka stocks continued gaining for a second day yesterday with the benchmark index hitting all time high at 3167.99 points led by banking sector shares.
The DSE General Index rose by 39.32 points, or 1.25 percent over the previous day's closing.
The DSE All Share Price Index also increased by 32.61 points, or 1.23 percent to 2682.88 points.
Market experts said though the bearish trend in banking sector shares ended on Wednesday, almost all the banks shares gained yesterday.
“It is good that investors are coming back to the banking sector shares,” said Yawer Sayeed, managing director and chief executive officer of AIMS of Bangladesh.
Trading volume on the Dhaka Stock Exchange (DSE) was also higher than the previous day with the turnover reaching Tk 479.94 crore. A total of 2,61,80,954 shares changed hands.
The losers, however, dominated the gainers at the end of the day. Of the issues traded on the premier bourse, 96 advanced and 135 declined with 11 unchanged.
Yesterday the market gained at a steady rate for the first 40 minutes. During that time the market gained around 42 points. Then it started falling. In next 20 minutes or so the market lost around 12 points, and then it started gaining again. After crossing 3190 points level at around 12:40pm, it started falling again. During the last 45 minutes, the market witnessed ups and downs before ending at a flat mood.
Like DSE, stocks at the Chittagong Stock Exchange (CSE) also gained yesterday with the losers dominating the gainers.
The CSE Selective Categories Index rose by 2.16 percent to 5870.08 points, while the CSE All Share Price Index increased by 2.02 percent to 9101.56 points