Stocks rallied Thursday, pushed by investors aggressive efforts to grab attractive shares of banks, financial institutions and power companies. Turnover surged on the bourses, spurred by increased transactions.
The market surged within the first half-an-hour of morning trade. It stabilised in midday trade and ended higher finally for a sixth-day. The market was closed on May 1 and May 2 on public holidays.
Non-banking financial institutions and power companies finished up. But shares of other sectors fell. Turnover climbed to Tk 849.51 million from Mondays Tk 591.84 million on the Dhaka Stock Exchange. On the Chittagong Stock Exchange, it rose to Tk 148.96 million from Tk 109.31 million.
The DGEN or general index finished 19.03 points or 1.09 percent higher at 1762.35. The DSI or all-share price index moved up 9.68 points or 0.65 percent to end at 1496.92. The DSE-20 blue chip index soared 27.11 points or 1.94 percent to 1419.66. All the indices on the CSE finished higher. Power Grid Company of Bangladesh, leader in turnover, scored Tk 114.23 million and ascended 1.65 percent to Tk 491. BRAC Bank, Summit Power and Southeast Bank were next to Power Grid.
BRAC Bank added 2.76 percent to end at Tk 586. Summit Power closed at Tk 594.75, adding 1.49 percent. Southeast Bank climbed 3.33 percent to Tk 333.75. Prime Bank surged 8.48 percent to Tk 524.25. On the DSE, 86 issues advanced, 83 lost and 25 held steady. On the CSE, a total of 45 issues increased, 34 fell and nine closed unchanged.
Stocks rallied Thursday, pushed by investors aggressive efforts to grab attractive shares of banks, financial institutions and power companies. Turnover surged on the bourses, spurred by increased transactions.
© The Bangladesh Journal
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