Dhaka stocks rise for 4th day on foreign investment report

Staff Correspondent | Published: 22:58, Oct 04,2017 | Updated: 00:17, Oct 05,2017

 
 

Dhaka stocks advanced on Wednesday, stretching the gaining streak to the fourth session, as investors kept injecting fund in the market buoyed by reports about an increase in foreign investment in the market.
The key index of Dhaka Stock Exchange, DSEX, advanced 0.43 per cent or 26.73 points to finish at 6,159.95 points.
The core index DSEX gained 80 points in the last four sessions.
In line with the previous session, the market opened positive rising by 42 points in the early hours, when investors kept on purchasing share, but saw a marginal correction in the late session, market operators said.
They said that the media reports that the overseas investment at DSE soared by 450 per cent in September compared with that of the previous month promoted investors to remain in buying mood.
Foreign investment kept on rising for the second consecutive months that displayed better outlook of the market as local investors continued with their investment trend, they said.
Bank shares rebounded on the day with holding 49 per cent of the day’s turnover helped the market on the day’s buoyancy.
All the large capitalised scrips increased while average share prices of energy, bank, telecommunication and pharmaceuticals surged most by 0.9 per cent, 0.53 per cent, 0.5 per cent and 0.4 per cent respectively on Wednesday.
Investment Corporation of Bangladesh, Grameenphone and Dutch-Bangla Bank were the highest gainer among the prominent scrips.
On the other hand, Aamra Networks returned to bullish vibe, posting the highest gainer of the day after losing 6.8 per cent on its second trading session.
Of the 332 companies and mutual funds traded, 180 advanced, 115 declined and 37 remained unchanged.
Turnover on the bourse, however, increased to Tk 884.45 crore from that of Tk 801.23 crore in the previous trading session.
‘The prime bourse of the country sustained its upward movement amid optimistic behaviour from the investors towards the market,’ said EBL Securities in its market commentary.
‘The market opened higher and continued upbeat note amid slight volatility in between,’ it said.
DS30, the blue-chip index of DSE increased 0.40 per cent or 8.78 points, to close at 2,190.46 points.
The Shariah index, DSES, added 0.19 per cent or 2.60 points to finish at 1,344.13 points.
LankaBangla Finance led the turnover chart on the day with its shares worth Tk 53.56 crore changing hands.
EXIM Bank, City Bank, Aamra Networks, Dutch-Bangla Bank, NCC Bank, Premier Bank, National Bank, Islami Bank and BBS Cables were other turnover leaders.
Aamra Networks gained the most, adding 9.96 per cent, while Imam Button was the worst loser of the day, shedding 7.35 per cent. 

More about:

Want stories like this in your inbox?

Sign up to exclusive daily email

Advertisement

images

 

Advertisement

images