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The Financial Express

DSEX crosses 6,000-mark again    

| Updated: June 06, 2021 11:21:56


DSEX crosses 6,000-mark again    

The benchmark index of the Dhaka Stock (DSE) surpassed the ‘psychological’ threshold of 6,000-mark again on Wednesday as investors went on late hours buying spree on financial stocks.

After swung between the red and green several times, DSEX, the prime index of the DSE, went up by 25.67 points or 0.42 per cent to finally settle at 6,019.

It is the highest level of DSEX in more than three years since February 15, 2018, when DSEX was 6,050.

The index crossed the historical 6,000-point mark in three-day back on Sunday for the first time in more than three years, but failed to sustain that level on profit booking sell-offs.

The market capitalisation of the DSE also hit a fresh all-time high at Tk 5,052 billion on Wednesday, surpassing the previous day’s record high of Tk 5,041 billion.

Market experts said the prime index surpassed the 6,000-point level again as investors put fresh funds on financial stocks amid budgetary expectations.

Finance Minister AHM Mustafa Kamal is set to unveil the national budget for the Fiscal Year (FY) 2021-2022 today (Thursday).

Two other indices also edged higher with the DSE 30 Index, comprising blue chips, advanced 1.69 points to finish at 2,195 and the DSE Shariah Index (DSES) gained 0.44 point to close at 1,284.

Turnover, a crucial indicator of the market, stood at Tk 22.87 billion, on the country’s premier bourse, climbing further by 20 per cent over previous day’s mark of Tk 19.03 billion.

Gainers took a modest lead over the losers, as out of 367 issues traded, 164 advanced, 146 declined and 57 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 846 million changing hands, followed by Dutch-Bangla Bank (Tk 696 million), LankaBangla Finance (Tk 578 million), Global Insurance (Tk 490 million) and Rupali Insurance (Tk 411 million).

Global Insurance was the day’s top gainer, posting 18.36 per cent gain following its corporate declaration while Social Islami Bank was the worst loser, losing 7.53 per cent following its price adjustment after record date.

The Chittagong Stock Exchange (CSE) also ended marginally higher with the CSE All Share Price Index – CASPI –gaining 66 points to settle at 17,442 and the Selective Categories Index – CSCX rising 40 points to close at 10,513.

Of the issues traded, 138 advanced, 121 declined and 41 issues remained unchanged on the CSE.

The port city’s bourse traded 23.52 million shares and mutual fund units with turnover value of Tk 613 million.

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