Stocks extend gaining streak for 9th day

Stocks extended the gaining streak for the ninth session on Sunday riding on investors’ continued buying spree.The market opened on an upbeat mood which continued throughout the session. At the end of the session, DSEX went up by 45.27 points or 0.90 per cent to close at 5,072.20 points, which was the highest level since its inception on January 28, 2013. The two others indices ended higher. The DS30, comprising blue chips, soared 16.81 points or 0.86 per cent to close at 1,966.44 points. The DSE Shariah Index advanced 17.44 points or 1.47 per cent to close at 1,199.12 points. The total turnover on DSE crossed Tk 11.0 billion mark once again and amounted to Tk 11.01 billion against which was Tk 11.03 billion in the previous session. Gainers outpaced losers as out of 302 issues traded, 168 advanced, 105 declined and 29 remained unchanged on the DSE floor. MJL BD was the day’s most traded stocks with shares worth Tk 541.45 million changing hands followed Square Pharma, Beximco Pharma, Delta Life Insurance and Beximco Limited. Fu-Wang Food was also the day’s highest gainer, posting a rise of 9.66 per cent while Mozaffar Hossain Spinning Mills was the day’s worst loser, slumping by 19.34 per cent following its price adjustment after record date. The total market capitalisation on DSE stood at Tk 3,379.93 billion against Tk 3,364.93 billion in the previous session. The port city bourse, Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index – CSCX – gained 76.41 points to close at 9,515.46 points. Gainers beat losers 113 to 99, with 23 issues remaining unchanged at the port city bourse that traded 17.85 million shares and mutual fund units, turnover value of Tk 713.86 million.