DSEX crosses 5,700-mark

Dhaka,  Sat,  25 March 2017
Published : 16 Mar 2017, 15:49:36
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DSEX crosses 5,700-mark on buying spree

DSEX crosses 5,700-mark
FE Online Report
Stocks witnessed yet another positive run on Thursday with the key index of the premier bourse crossing the 5,700-mark again as enthusiastic investors went on late hour’s buying spree.

Analysts said stocks maintained upward trend as buying interest spurred the sector-specific issues, taking the key index of the premier bourse above 5,700-mark after nearly two months.

The market opened higher, gaining 15 points within first 15 minutes of trading, but the all the initial gains eroded at 11:45am. However, rest of the session went up steadily.

Ultimately, DSEX, the prime index of the Dhaka Stock Exchange (DSE), finished at 5,701.27, advancing 16.96 points or 0.30 per cent. DSEX added nearly 42 points in the past three consecutive sessions.

The two other indices were slightly higher. The DS30 index, comprising the blue-chips advanced 8.30 points or 0.40 per cent to 2,059.63. The DSE Shariah Index (DSES) gained 1.26 points or 0.09 per cent to close at 1,311.07.

Turnover, the important indicator of the market, stood at Tk 9.64 billion, which was 0.82 per cent lower than the previous day's Tk 9.72 billion.

The gainers took a modest lead over the losers as out of the 327 issues traded, 163 advanced, 109 declined and 55 remained unchanged on the DSE floor.

IFIC Bank dominated the turnover chart with 13.50 million shares worth nearly Tk 377 million changing hands, followed by LankaBangla Finance, Quasem Drycells, Ratanpur Steel and Beximco.

Union Capital was the day’s top gainer, posting a rise of 7.24 per cent while RN Spinning Mills was the worst loser, slumping by 13.35 per cent following its price adjustment after record date.

The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index - CSCX - advancing 42.53 points to settle at 10,729.42.

Gainers beat losers as 139 issues closed higher, 77 closed lower and 33 remained unchanged on the CSE trading floor.

The port city bourse traded 21.04 million shares and mutual fund units worth nearly Tk 555 million in turnover.

-Babul-
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