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DSE turnover hits 7-month high on buying spree

FE Online Report | Published: June 21, 2018 15:58:50 | Updated: June 23, 2018 13:10:09


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Turnover value on the Dhaka Stock Exchange (DSE) hit a fresh seven months high Thursday, powered by investors’ buying spree mostly on large-cap stocks.

Daily turnover value soared to Tk 8.58 billion, registering an increase of 27 per cent over the previous day’s value of Tk 6.76 billion.

It was the highest turnover since Tk 9.28 billion on November 27, last year.

Along with increasing turnover, the prime index of the DSEX, the prime index of the DSE, went up by 56.88 points or 1.05 per cent to finish at 5,441.

Brokers said investors continued their buying spree amid positive expectations as banks will bring down their interest rates to single digit from July 1.

Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, gained 27 points to finish at 1,981 and the DSE Shariah index rose 13 points to close at 1,263.

Of the traded issues, 188 closed higher, 110 closed lower and 42 remained unchanged on the DSE trading floor.

Grameenphone was the most traded stocks on the DSE turnover chart with shares worth Tk 491 million changing hands, closely followed by Alif Industries, Khulna Power Company, Paramount Textile and United Power.

GQ Ball Pen was the day’s best performer, posting a gain of 9.98 per cent while the Janata Insurance was the worst loser, losing 9.27 per cent.

The port city bourse—CSE— also ended higher with its CSE All Share Price Index–CASPI—rising 183 points to settle at 16,786.

CSCX, the Selective Categories Index of the CSE, also rose 113 points to finish at 10,156.

The gainers beat the losers as 148 issues closed higher, 62 ended lower and 32 issues remained unchanged on the CSE.

The port city bourse traded 7.88 million shares and mutual fund units worth more than Tk 410 million in turnover.

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