DSEX crosses 5,900-mark on buying spree

FE Online Report | Published: August 27, 2017 16:59:42 | Updated: November 12, 2017 14:58:49


Stocks closed higher for the second day in a row on Sunday, with the key index of the premier bourse crossing the 5,900-mark, as investors were busy with large-cap issues brimming post-Eid optimism.

  

Dealers said the market ended higher as pre-Eid sale pressure eased to some extent down while some optimistic investors bided time on sector-specific issues, especially banking issues.

  

There are only four trading sessions left before start of the Eid-ul-Azha vacation.

  

Following the previous week’s marginal gain, the market opened on a positive note which continued until the end of the session with no sign of reversal. It finally closed 30 points higher.

  

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-years back, settled at 5,915.42, advancing 30 points or 0.51 per cent over the previous session.

  

The two other indices also closed higher. The DS30 index, comprising the blue-chips, advanced 7.15 points or 0.34 per cent to finish at 2,119 points. The DSE Shariah Index (DSES) gained 2.79 points or 0.21 per cent to close at 1,308 points.

  

Turnover, another important indicator of the market, stood at Tk 9.30 billion, which was 19 per cent higher than the previous session’s of Tk 7.82 billion.

  

A total of 0.140 million transactions were executed in the day’s trading session with the trading volume totalling 258.67 million securities.

  

The total market capitalisation of the DSE hit all-time high at Tk 3,983 billion against Tk 3,970 billion of the previous session.

  

Gainers took a modest lead over the losers as out of 330 issues traded, 151 closed higher, 144 closed lower and 35 remained unchanged on the DSE trading floor.

  

Bangladesh Building Systems topped the turnover chart for the fourth day with about 8.25 million shares worth Tk 451 million changing hands, closely followed by Fortune Shoes, BBS Cables, LankaBangla Finance and Ratanpur Steels.

 

Monno Ceramics was the day’s top gainer, posting a 9.94 per cent gain, while Asian Tiger Sandhni Life Growth Fund was the worst loser, losing by 9.48 per cent.

 

The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index - CSCX – advancing nearly 53 points to settle at 11,089 points.

  

Gainers beat losers as 115 issues closed higher, 106 closed lower and 29 remained unchanged on the CSE.

  

The port city bourse traded 16.02 million shares and mutual fund units’ worth Tk 526 million.

 

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