DSE turnover crosses Tk 7b-mark

Stocks ended marginally higher Wednesday, with turnover on the premier bourse hitting five months high, as optimistic investors injected fresh funds in the market.

The market opened with a high note and the positive trend sustain till end of the session.

At the end of the session, the prime index of the Dhaka Stock Exchange - DSEX - finished at 4,686.05, advancing 20.61 points or 0.44 per cent.

The two other indices -- DS30 index, comprising blue chips, and DSES index also moved up by 3.13 points and 1.07 points respectively. DS30 closed at 1,760.20 and DSES settled at 1,122.71.

Turnover on the premier bourse rose to Tk 7.44 billion, which was 30 per cent higher than the previous day’s Tk 5.73 billion.

The gainers took a strong lead over the losers as out of 325 issues traded, 198 closed higher, 92 lower and 35 remained unchanged on the DSE trading floor.

United Power Generation & Distribution Company dominated the turnover chart for the six running sessions with 1.60 million shares worth Tk 264 million changing hands followed by BD Thai Aluminium, City Bank, Beximco Pharma and Far Chemicals Industries.

The newly listed ITC was the day’s best performer, posting a rise of 9.85 per cent while Savar Reftactories was the worst loser, plunging 8.89 per cent.

The port city bourse Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index, CSCX, rising 57.47 points or 0.66 per cent to finish at 8,740.56.

Gainers beat losers as 161 issues advanced, 59 declined and 20 remained unchanged on the CSE.

The port city bourse traded 20.36 million shares and mutual fund units worth Tk 486 million in turnover.