DSE turnover crosses Tk 15b-mark after four months

Turnover on the Dhaka Stock Exchange (DSE) crossed Tk 15 billion-mark after four months on Monday as enthusiastic investors put fresh stakes on stocks amid eased virus worries.

Turnover, a crucial indicator of the market, stood at Tk 15.35 billion on the country’s premier bourse, in a further buck by 8.20 per cent over previous day’s tally of Tk 14.18 billion.

It happens to be the biggest single-day transaction since January 25, this year, when the turnover totaled a record amount of Tk 15.85 billion.

Along with high turnover, DSEX, the benchmark index of the DSE, also rose 26.92 points or 0.46 per cent to settle at 5,840. DSEX added more than 329 points in the past eight consecutive sessions.

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 6.63 points to finish at 2,199 and the DSE Shariah Index (DSES) rose 2.30 points to close at 1,285.

Market operators said the recent growth in turnover and index -- the two most important indicators of the market -- in general suggests investors’ confidence in the market is back amid easing virus worries and regulatory initiatives.

Losers, however, took a modest lead over the gainers, as out of 365 issues traded, 175 declined, 142 advanced and 48 issues remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group- continued to dominate the turnover chart with shares worth about Tk 1.13 billion changing hands, followed by Robi (Tk 636 million), Saif Powertec (Tk 531 million), Prime Bank (Tk 530 million) and IFIC Bank (Tk 468 million).

Asia Insurance was the day’s top gainer, posting a 9.91 per cent gain while Tosrifa Industries was the worst loser, losing 8.12 per cent.

A total number of 272,940 trades were executed in the day’s trading session with a trading volume of 591.21 million shares and mutual fund units.

The market-cap of DSE also rose to Tk 4,964 billion on Monday, up from Tk 4,931 billion in the previous session.

The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 73 points to settle at 16,922 and the Selective Categories Index – CSCX gaining 46 points to close at 10,202.

Of the issues traded, 146 declined, 125 advanced and 29 issues remained unchanged on the CSE.

The port city’s bourse traded 43.31 million shares and mutual fund units with turnover value of Tk 1.15 billion.

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