Dhaka Stock Exchange (DSE) registered a turnover of Tk 29.54 billion on Monday, a fresh high in a decade, as the buoyant investors put fresh funds on stocks after the securities regulator extended credit facilities further to the investors.
Turnover, a crucial indicator of the market, stood at Tk 29.54 billion on the country’s premier bourse, in a further buck by 11 per cent over previous day’s tally of Tk 26.62 billion.
It happens to be the biggest single-day transaction since the all-time high turnover of Tk 32.49 billion recorded on December 5, 2010, when the market saw a bull run before a crash.
Along with record high turnover, DSEX, the core index of the DSE also rose 49.53 points or 0.73 per cent to settle at 6749–the highest since its inception more than eight years back in 2013.
Market analysts said investors welcomed the regulator’s move and remained optimistic that the regulator’s latest move will boost the supply of liquidity in the capital market.
Bangladesh Securities and Exchange Commission (BSEC) on Thursday revised the limit of margin loan facilities based on the key index of the DSE.
According to the new BSEC’s latest revision, merchant banks and brokerage firms will be able to provide margin loans to their customers at a maximum rate of 1:0.80 when the DSEX index is below 8,000.
In other words, a maximum margin loan of Tk 80 can be provided against clients’ own investment of Tk 100.
Two other indices also edged higher with the DS30 index, comprising blue chips, rose 0.05 points to reach a record high at 2,427 and the Shariah Index (DSES) gained 9.79 points to stand at 1,468.
Of the issues traded till then, 204 advanced, 146 declined and 25 remained unchanged on the DSE trading floor till then.
Beximco was the most traded stock till then with shares worth Tk 1.48 billion changing hands, followed by BIFIC Bank, LankaBangla Finance, Saif Powertec and Malek Spinning Mills.
The port city bourse – the Chittagong Stock Exchange – (CSE) ended higher with the CSE All Share Price Index- CASPI-rising 134 points to settle at 19,650.
Of the issues traded, 170 advanced, 126 declined and 24 remained unchanged with Tk 1.16 billion in turnover.