DSE turnover hits 16-month high

Dhaka Stock Exchange (DSE) on Sunday witnessed a 16-month-high turnover riding on investors’ increased participation in most of the major sectors.

On the day, investors’ buying appetite was observed across the DSE trading floor.

Major sectors, such as engineering, general insurance, and pharmaceuticals & chemicals, played a pivotal role in achieving a turnover of Tk 15.8 billion, 41 per cent up from the previous session.

Investors’ participation in general insurance surged by 85 per cent compared to the previous session, while the engineering sector’s turnover rose by 17 per cent. 

A market review by EBL Securities said buyers remained predominant throughout the session as they opted for taking fresh positions in equities considering the persistently upbeat vibe in the market.

Investors’ significant participation also helped the majority of the listed securities experience appreciation, leading to a sharp rise in the broad index, DSEX.

The market opened the day’s session on a positive note, and the DSEX almost continued a steady movement until closure.

At the end of the session, DSEX settled at 6280 points, a rise of 10.07 per cent, or 66.74 points.

The blue-chip companies, having a significant share in the broad index, played a vital role in the rise of the DSEX.

Of 30 blue-chip companies, 19 experienced appreciation, including Square Pharmaceuticals, Heidelberg Cement, Marico Bangladesh, and LafargeHolcim Bangladesh.

The banks were the majority of the top 10 index pullers. The companies were IFIC Bank, BRAC Bank, The City Bank, Eastern Bank, and Mercantile Bank.

Following the appreciation of the majority of blue-chip companies, DS30 advanced 0.37 per cent, or 7.92 points, to close at 2124.69 points.

After the closure of Sunday’s session, 321 scrips out of total issues traded closed green, 44 red, and 30 were unchanged.

Kattali Textile was the number one gainer with a rise of 10 per cent followed by Bangladesh Finance, Aman Cotton Fibrous, and Titas Gas Transmission & Distribution Company.

Jute Spinners was the number one loser after declining 5.83 per cent.

Fu Wang Food was the most traded stock, with a value of Tk 692 million, followed by Khulna Printing & Packaging and Fortune Shoes.

CASPI, the benchmark index of the Chittagong Stock Exchange (CSE), on Sunday advanced 1.24 per cent, or 218 points, to close at 17844 points.

Of the 294 issues traded, 226 advanced, 48 declined, and 20 were unchanged, and the port city bourse posted a turnover of Tk 186.19 million.

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