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The Financial Express

DSEX crosses 4,000-mark after seven-day

FE Online report | Published: March 25, 2020 16:01:06 | Updated: March 29, 2020 11:21:13


DSEX crosses 4,000-mark after seven-day

Stock posted a modest gain on Wednesday, the last session before 10-day government holiday, as the securities regulator imposed circuit breaker to boost the ailing market.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 31.71 points or 0.79 per cent to close at above 4,000-mark to 4,008, after losing 8.18 points in the previous day.

The trading and official activities on the bourses to remain shut from March 26 to April 4 in line with the government holiday, including weekends.

Market analysts said some banks have started to invest in the capital market before 10 days government holiday.

However, growing tension over the impacts of coronavirus outbreak remained in the investors’ mind, they said.

Two other indices also edged up. The DS30 index, comprising blue chips, advanced 7.05 points to finish at 1,330 and the DSE Shariah Index rose 3.42 points to close at 920.

Turnover, an important indicator of the market, stood at Tk 3.48 billion on the country’s premier bourse, climbing by 150 per cent over the previous day’s five years’ lowest turnover of Tk 1.39 billion.

Of the issues traded, 96 advanced, 17 declined and 236 remained unchanged on the DSE trading floor.

A total number of 26,949 trades were executed in the day’s trading session with trading volume of 53.80 million shares and mutual fund units.

The market-cap of the DSE also rose to Tk 3,122 billion, from Tk 3,108 billion in the previous session.

Renata topped the turnover chart with shares worth Tk 70 million changing hands, followed by Monno Ceramic, Southeast Bank, Square Pharma and LafarheHolcim.

ACI Formulations was the day’s best performer, posting a gain of 9.88 per cent while Premier Cement was the worst loser, losing 6.48 per cent.

The Chittagong Stock Exchange (CSE) also edged higher with its All Shares Price Index (CASPI)—advancing 77 points to close at 11,328 and the Selective Categories Index - CSCX –gaining 46 points to finish at 6,859.

Of the issues traded, 52 gained, 10 declined and 117 remained unchanged on the CSE.

The port city bourse traded 3.66 million shares and mutual fund units worth Tk 1.12 billion in turnover.

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