The Financial Express

DSE daily turnover crosses Tk 29b-mark

Stocks extend rally for fifth straight day

| Updated: September 08, 2021 16:05:31

DSE daily turnover crosses Tk 29b-mark

Stocks extended their rally for the fifth straight session on Monday with all three indices and market-cap hitting new highs as buoyant investors continued on buying spree riding on regulatory measures.

After witnessing some profit booking initially, DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), went up 22.67 points or 0.32 per cent to settle at more than 7,075 – the highest since its inception nearly nine years back on January 27, 2013.

Two other indices--the DSE 30 Index and the DSE Shariah Index (DSES) -- followed the suit to close at their new highs of 2,546 and 1,536, after gaining 12.64 points and 7.38 points respectively.

Turnover, a crucial indicator of the market, crossed Tk 29 billion-mark after two weeks and amounted to Tk 29.01 billion on the country’s premier bourse, in a further buck-up by 1.15 per cent over previous day’s tally of Tk 28.68 billion.

The market capitalisation of the prime bourse also hit a fresh all-time high at Tk 5.718 trillion on Monday, surpassing the previous day’s record high of Tk 5.692 trillion.

Experts said the market remained bullish as the investors are more confident and buoyant amid the regulatory measures, lower returns on the money market coupled with excess liquidity in the financial market.

However, losers took a modest lead over the gainers as out of 368 issues traded, 184 closed lower, 154 higher and 30 issues remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 2.56 billion changing hands, followed by Saif Powertec (Tk 942 million), Beximco Pharma (Tk 687 million), LafargeHolcim (Tk 632 million) and Doreen Power (Tk 629 million).

ADN Telecom was the top gainer for the second straight sessions, posting a 9.93 per cent rise while Dominage Steel Building was the worst loser, losing 5.69 per cent.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –gaining 99 points to settle at a historical high at 20,662 and the Selective Categories Index – CSCX rising 61 points to close at record high at 12,385.

Of the issues traded, 162 declined, 123 advanced and 31 remained unchanged on the CSE trading floor.

The port city’s bourse traded 28.97 million shares and mutual fund units with turnover value of Tk 876 million.

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