Stocks extend rally for 2nd day; DSE turnover crosses Tk 10b

 
Bangladesh's capital market extended its post-Eid rally for a second consecutive session on Tuesday, with key indices gaining further ground and turnover on the Dhaka Stock Exchange (DSE) surpassing Tk 10 billion.

The benchmark DSEX advanced 33 points, while the Shariah-based DSES and blue-chip DS30 indices rose by 2 points and 5 points respectively.

The gains followed Monday's strong performance, when DSEX climbed 36 points, DSES added 4 points and DS30 increased 13 points, according to UNB report. 

Market activity also improved significantly. Total turnover on the DSE stood at Tk 10.80 billion, up from Tk 9.12 billion in the previous session. It was the first time since May 12 that daily turnover exceeded the Tk 10 billion mark.

Most listed companies ended higher, with share prices of 230 issues advancing, 116 declining and 47 remaining unchanged.

Sonargaon Textiles Ltd topped the DSE gainers' list, rising nearly 10 percent, while Bangladesh Industrial Finance Company Ltd suffered the steepest fall, losing around 9 percent.

The Chittagong Stock Exchange (CSE) also closed in positive territory, with its broad-based CASPI index gaining 8 points.

Of the traded issues on the CSE, 128 advanced, 58 declined and 31remained unchanged.

Turnover at the port city bourse, however, fell to Tk 270 million from Tk 470 million in the previous session.

Eastern Insurance PLC and New Line Clothing Ltd emerged as the top gainers on the CSE with nearly 10 percent price appreciation, while GSP Finance Company (Bangladesh) PLC was the worst performer, shedding 10 percent.