DSEX exceeds 5700-mark after eight months

FE Online Report | Published: January 08, 2019 16:31:16 | Updated: January 10, 2019 11:14:22


The prime index of the major bourse crossed the 5,700-mark after eight months as investors took fresh stakes on stocks amid optimism.

Market analysts said spontaneous participation backed by hopes and excitements lured the investors to take position on the large-cap stocks, taking the core index above 5,700-mark once again.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,770, soaring nearly 115 points or 2.04 per cent.

It was the highest single-day gain of DSEX in eight months since April 01, 2018 so far. DSEX gained nearly 150 points on April 01, 2018.

Following the Monday’s mild correction, after eleven days’ gain, the prime bourse opened on a flying note amid rising trading activities.

The upbeat trend continued till the end of the session, eventually key index of the country’s prime bourse soared more than 115 points with no sign of reversal.

The two other indices also ended higher. The DS30 index, comprising blue chips, went up by 37.29 points to close at 2,001 points. The DSE Shariah Index (DSES) rose 18.51 points to close at 1,308.

Bullish sentiment also reflected on the trading activities as total turnover on the DSE amounting to Tk 10.10 billion, which was 5.0 per cent higher than the previous day’s Tk 9.65 billion.

Gainers outpaced losers as out of 346 issues traded, 238 advanced, 85 declined and 23 issues remained unchanged on the DSE floor.

Brac Bank dominated the turnover chart with 2.96 million shares worth Tk 230 million changing hands, followed by JMI Syringes, Beximco, Alif Manufacturing Company and Olympic Industries.

Rupali Bank was the day’s best performer, posting a gain of 9.89 per cent while Delta Spinners was the worst loser, plunging by 9.87 per cent.

Port city bourse Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI – soaring 402 points to settle at 17,707 points and Selective Categories Index – CSCX – advancing 247 points to finish at 10,247.

Here too, the gainers beat the losers as 188 issues closed higher, 72 ended lower and 20 remained unchanged.

The port city bourse traded 23.58 million shares and mutual fund units worth nearly Tk 738 million in turnover.

 

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