DSE turnover crosses Tk 13b-mark

Dhaka,  Fri,  28 July 2017
Published : 11 Jul 2017, 18:29:16 | Updated : 11 Jul 2017, 18:29:28
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DSE turnover crosses Tk 13b-mark

DSE turnover crosses Tk 13b-mark
FE Online Report
The turnover on the Dhaka Stock Exchange (DSE) crossed Tk 13 billion-mark on Tuesday, for the first time in the last four-and-a-half months, as investors put fresh stakes on stocks.

Turnover, the crucial indicator of the market, stood at Tk 13.21 billion on the DSE, advancing 4.50 per cent over the previous day’s Tk 12.64 billion.

It was also the biggest single day transaction in the last four-and-a-half-month since February 26, when the turnover total was also recorded Tk 13.93 billion.

Along with the increasing turnover value, DSEX, the prime index of the DSE, continued to hold its gaining momentum, adding 3.58 points more to settle at a historical high of 5,831 points, since its inception on January 27, 2013.

Market insiders said investor enthusiasm sustained as local and foreign investors remained active in the market amid optimism, taking the market turnover above Tk 13 billion-mark.

However, they advised the investors that they should carefully invest in a rising market and should analyse the fundamentals of securities beforehand.

The two other indices also finished higher. The DS30 index, comprising blue chips rose 4.45 points or 0.21 per cent to finish at 2,127. The DSE Shariah Index (DSES) advanced 2.17 points or 0.16 per cent to close at 1,322.

Losers, however, took a strong lead over the gainers, as prices of 195 securities declined, 107 advanced and 29 remained unchanged out of the 331 issues that were traded on the DSE floor.

Beximco topped the DSE turnover chart with about 17.20 million shares of Tk 609 million changing hands, followed by Keya Cosmetics, Islami Bank, Agni Systems and City Bank.

Agni Systems was the day’s highest gainer, posting 7.30 per cent gain, while Bangas was the worst loser, losing 6.70 per cent.

The port city bourse, the Chittagong Stock Exchange (CSE), also edged higher with its Selective Categories Index – CSCX – advancing nearly 36 points to settle at 10,952 points.

Losers beat gainers as 145 issues closed lower, 94 closed higher and 21 remained unchanged on the CSE.

The port city bourse traded 31.26 million shares and mutual fund units’ worth Tk 767 million in turnover.

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