DSEX crosses 5,600-mark after four months

FE Online Report | Published: August 28, 2018 17:12:05 | Updated: August 29, 2018 15:25:27


Stocks backed to higher on Tuesday, after single-day break, with core index of the prime bourse crossing the 5,600-mark after four months.

Analysts said the market returned to higher amid increased participation from investors as optimistic investors took fresh position, especially on bank and telecom issues.

The market started on positive note and the upward trend sustained till end of the session amid marginal volatility middle of the session.

At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 34.44 points or 0.61 per cent to settle at 5,619.

DSEX crossed the 5,600-mark after nearly four months since May 9.

Two other indices of the DSE also closed higher. The DS30 index, comprising blue chips, advanced 9.42 points to finish at 1,974 and the DSE Shariah Index rose 2.04 points to close at 1,275.

Turnover, the most important indicator of the market, rose to Tk 6.11 billion, which was nearly 15 per cent higher than the previous session’s Tk 5.32 billion.

Out of 333 issues traded, 148 closed lower, 137 ended higher and 48 issues remained unchanged on the DSE trading floor.

United Power dominated the turnover chart with about 1.29 million shares worth Tk 442 million changing hands, followed by National Housing Finance, IPDC Finance, Brac Bank and LankaBangla Finance.

IPDC Finance was the day’s highest gainer, posting 9.92 per cent gain, while Progressive Life Insurance was the worst loser, losing 8.66 per cent.

A total number of 132,816 trades were executed in the day’s trading session with trading volume of 171.32 million securities.

The market capitalisation of the DSE rose to Tk 3,969 billion on the day which was Tk 3,944 billion in the previous day.

The port city bourse, Chittagong Stock Exchange, also ended higher with its CSE All Share Price Index – CASPI –advancing 93 points to settle at 17,307 and the Selective Categories Index - CSCX – gaining57 points to finish at 10,480.

The losers, however, beat gainers as 114 issues closed lower, 108 ended higher and 31 remained unchanged on the CSE.

The port city bourse traded 26.48 million shares and mutual fund units worth more than Tk 616 million in turnover.

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