DSEX crosses 6,100-mark on buying spree

FE Online Report | Published: October 03, 2017 17:05:03 | Updated: November 12, 2017 14:58:49


Stocks ended higher on Tuesday, with key index of the major bourse crossing the 6,100-mark again, as optimistic investors were active on sector-wise stocks.

Dealers said the market finished higher after a flat movement in the previous day as some investors preferred to take position on sector-specific issues.

“Banks remained in the driving seat of the market as some investors reshuffled their portfolios with bank sector stocks,” said an analyst at a leading brokerage firm.

The banking sector continued to dominate the turnover chart as nine banks among top traded 10 companies on the day.

The market started with a positive note and the upward trend sustained till end of the session with no sign of reversal, finally key index of the major bourse closed more than 40 points higher. 

DSEX, the prime index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, settled at 6,133, advancing 40.27 points or 0.66 per cent over the previous day.

The two other indices -- the DS30 index and the DSE Shariah Index (DSES) – also followed the suit to close at 2,182 and 1,342 points, after advancing 4.85 points and 6.55 points respectively.

Turnover, the important indicator of the market, stood at Tk 8.01 billion on the DSE, which was 13.4 per cent lower than the previous day’s turnover of Tk 9.25 billion.

Block trade contributed Tk 170 million to the day’s total turnover where stocks like SIBL, Brac Bank, Islamic Insurance and National Housing Finance dominated the block trade board.

A total number of 0.128 million trades were executed in the day’s trading session with trading volume of 287.77 million securities.

The total market capitalisation of the DSE stood at Tk 4,085 billion which was Tk 4,059 billion in the previous day.

The gainers took a strong lead over the losers as out of 330 issues traded, 240 closed higher, 65 closed lower and 25 remained unchanged on the DSE trading floor.

The banks continued to dominate the turnover chart with Exim Bank topped the turnover chart with about 20.73 million shares of Tk 382 million changing hands, closely followed by Premier Bank, National Bank, Islami Bank and LankaBangla Finance.

Fu-Wang Food was the day’s highest gainer, posting 9.89 per cent rise, while Imam Button was the worst loser, losing by 6.85 per cent.

The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index - CSCX –advancing 85 points to settle at 11,515 points.

Gainers beat losers as 170 issues closed higher, 58 closed lower and 23 remained unchanged on the CSE.

The port city bourse traded 15.41 million shares and mutual fund units’ worth Tk 399 million in turnover.

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