DSE sees second highest increase in 7 years

Staff Correspondent

17 February, 2020 12:00 AM printer

Country’s premier bourse, Dhaka Stock Exchange (DSE) began week on a flying note and its key index DSEX registered second highest rise since the inception in 2013.

The broad index, DSEX closed at 4734.15 points on Sunday, first day of week, with a gain of 169 points or 3.71 percent.

Earlier on January 19, the index climbed highest by 232 points or 5.59 percent.

 Bangladesh Bank’s fund supportive measures along with couple of government’s moves have helped the investors in gaining confidence in the market, said analysts.

Besides, the Asian Development Bank’s approval of $170 million loan to Bangladesh for third capital market development program (CMDP) also encouraged the investors, they added.

Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 55.69 points and 29.92 points to settle at 1592.32 points and 1075.74 points respectively On the DSE trading floor, a total number of 212,909 trades were executed in today’s trading session with a trading volume of 356.03 million securities.

Gainers took a strong lead over losers as out of 356 issues traded, 293 securities gained price while 40 declined and 23 remained unchanged.

Market turnover, a crucial indicator, stood at Taka 9.16 billion on the country’s premier bourse, climbing further by 25 per cent over previous day’s mark of Taka 7.30 billion.

It was the biggest single-day transaction in more than one year since February 14, 2019, when the turnover totaled a record Taka 9.32 billion, according to analysts.

The top 10 gainers were Orion Infusion, ACI Formulation, Saiham Textile, Orion Pharma, Beximco Limited, Aftab Automobiles, Brac Bank, ACI Limited, S Alam Cold Rolled Steel and Premier Cement.

LafargeHolcim Bangladesh topped the turnover chart followed by Khulna Power, BSCCL, BSC, Shepherd Industries, Indo-Bangla Pharma, Summit Power, SS Steel, Singer BD and Paramount Textile.

The top 10 losers were Altex Industries, Meghna Paint, Progressive Life Insurance, Samata Leather, Savar Refractories, Tung Hai Industries, Imam Button, Standard Ceramic, Dulamia Cotton and Vanguard AML BD Finance Mutual Fund-1.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed at green extending the gaining trend of previous day.

CSCX and CASPI increased by 325.66 points and 533.67 points to stand at 8758.13

 points and 14436.93 points respectively.

At CSE, a total of 15,650,109 shares and mutual fund of 268 companies were traded, of which 214 issues advanced while 37 declined and 17 issues remained unchanged.

 


Top