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DSE turnover hits one-month high

FE Online Report | Published: September 05, 2017 17:49:07 | Updated: October 23, 2017 01:56:50


Stocks extended the winning streak for the eight straight sessions on Tuesday with daily trade turnover at Dhaka Stock Exchange (DSE) hit one month high on Tuesday as investors put fresh stakes on stocks.


Turnover, a crucial indicator of the market, stood at Tk 10.49 billion on the country’s premier bourse, climbing by 57 per cent over the previous day’s Tk 6.67 billion.


It is the biggest single-day transaction in the last one month since August 7 this year, when the turnover totaled a record Tk 11.87 billion.


Along with rising turnover value, continued to break its previous records, as all three indices and market capitalisation of the prime bourse climbed to record high on the day.


DSEX, the prime index of the DSE, continued to hold its soaring momentum, adding more than 44 points to settle at a historical high of 6,083 points since its inception in 2013.


Market insiders said stocks extended their record-breaking rally which started before Eid holidays as investors continued their buying appetite on banking issues.


DSEX added nearly 228 points in the past eight consecutive sessions.


The country’s main bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).


However, DGEN, the then key index of the DSE, rose to an all-time high at 8,918 points on December 5, 2010, when the market was bullish before crash.
The two other indices -- the DS30 index and the DSE Shariah Index (DSES) -- followed the suit to close at historical high of 2,157 and 1,334 points, after advancing 12.08 points and 4.83 points respectively.


The DSE launched the DS30 index on January 27, 2013 with a base point of 1,460.30 while DSE Shariah Index (DSES) was introduced on January 20, 2014 with a base point of 941.27.


The total market capitalisation of the DSE rose to a record high to Tk 4,054 billion, exceeding the previous high of Tk 4,033 billion recorded on the previous session.


The gainers took a modest lead over the losers as out of 321 issues traded, 173 closed higher, 118 lower and 30 remained unchanged on the DSE floor.


LankaBangla Finance topped the day’s turnover chart with shares of Tk 448 million changing hands, followed by National Bank, IFIC Bank, Fortune Shoes and UCB.


Atlas Bangladesh was the day’s best performer, posting a gain of 9.98 per cent while Kay & Que was the day’s worst loser, plunging 6.54 per cent.


The Chittagong Stock Exchange (CSE) also ended higher with its Selective Categories Index – CSCX – soaring 103 points to close at 11,421 points.


Gainers beat losers as 144 issues closed higher, 83 lower and 21 remained unchanged on the CSE.


The port city bourse traded 25.49 million shares and mutual fund units worth more than Tk 596 million in turnover.

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