DSE turnover crosses Tk 1,500cr
Turnover at the Dhaka Stock Exchange (DSE) yesterday crossed Tk 1,500 crore for the first time in the last eight trading days thanks to higher participation from buoyant investors.
Peaking at Tk 1,506 crore, the vital market indicator increased by 29.43 per cent compared to Tk 1,163 crore the day before.
Investors have become quite optimistic about the market index and their growing participation led to higher turnover, according to market analysts.
After a long day of ups and downs, the DSEX, the benchmark index of the Dhaka bourse, rose by 13 points, or 0.19 per cent, to 6,995 yesterday.
Among major sectors, IT, miscellaneous, and services & real estate experienced price appreciation while non-bank financial institutions, cement and textiles faced correction.
“As the market was in a rising trend, investors regained their confidence and entered a buying spree during the first two hours of trading,” a stock broker said.
At the same time, some investors sold their shares and this is the beauty of the market.
“So, investors should not be panicked,” he said, adding that buyers could purchase many stocks that are still lucrative.
At the DSE, the stocks of 115 companies rose, 208 declined and 50 remained unchanged.
Brac Bank topped the gainers list, rising 9.93 per cent, followed by Sena Kalyan Insurance, Shinepukur Ceramics, Genex Infosys, and Coppertech Industries.
Stocks of Beximco Limited traded the most, worth Tk 342 crore, followed by Genex Infosys, Orion Pharmaceuticals, IFIC Bank, and NRB Commercial Bank.
Alif Industries shed the most, dropping 13.8 per cent, followed by Golden Son, Hamid Fabrics, Mozaffar Hossain Spinning, and Investment Corporation of Bangladesh.
The country’s other share market, the Chittagong Stock Exchange (CSE), also rose yesterday. The CASPI, the main index of the CSE, increased by 63 points, or 0.30 per cent, to 20,497.
Among the 292 traded stocks, 106 advanced, 146 fell and 40 remained