Stocks advance at both bourses; turnover improves

DSE, CSE Logos

Bangladesh’s capital market posted gains on Wednesday as indices advanced on both the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE), with the majority of listed companies closing higher.

On the fourth trading day of the week, the DSE’s benchmark index DSEX rose by 39 points.

The Shariah-based DSES index added 3 points, while the blue-chip DS30 index gained 17 points.

Market breadth remained positive, with prices of 193 companies advancing against 131 decliners, while 64 issues remained unchanged.

The turnover on the DSE also increased, with shares and units worth Tk 465 crore traded during the session, up from Tk 454 crore in the previous trading day.

In the block market, the shares of 24 companies worth Tk 25 crore were traded, with Square Pharmaceuticals PLC accounting for the highest transaction value at Tk 10 crore.

NRB Commercial Bank PLC topped the DSE gainers’ list after its share price jumped by more than 7.5 percent, while Fareast Finance and Investment Limited ended as the worst performer, shedding 10 percent.

The CSE also witnessed a notable rise, with its overall index CASPI climbing by 108 points.

At the port city bourse, prices of 79 companies advanced against 46 losers, while 24 issues remained unchanged.

The turnover at the CSE improved to Tk 12 crore, compared to Tk 11 crore in the previous session.

Chartered Life Insurance PLC topped the CSE gainers after its share price surged by nearly 10 percent, while FAS Finance and Investment Limited hit the bottom of the chart, losing 10 percent. - UNB