DSEX reaches new high at 5,947 points

FE Online Report | Published: August 28, 2017 15:59:04 | Updated: November 12, 2017 14:58:49


Stocks extended the winning spell for the third running session on Monday, with the core index of the premier bourse reaching fresh high to 5,947 points since its inception in January 2013.

 

Analysts said the market maintained the upward trend as investors continued to show their buying appetite on banking issues ahead of Eid festival.

 

There are only three trading sessions left before start of the Eid-ul-Azha vacation. Trading on the bourses is  scheduled to remain closed from September 1.

 

Share prices of 24 banks closed green on the day with the sector kept its dominance in the turnover chart and four banks featured in the top 10 turnover list.

 

The market started with an upward note and upbeat trend sustained till end of the session with no sign of reversal, finally ended nearly 32 points higher.

 

DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), which replaced the DGEN in four-and-a-half-year back, went up by 31.82 points or 0.53 per cent to settle at 5,947, which was the highest level of DSEX since its inception on January 27, 2013.

 

The country’s premier bourse launched the DSE Broad Index (DSEX) on January 27, 2013 with a base point of 4,055.90, replacing the DSE General Index (DGEN).

 

However, DGEN, the then key index of the DSE, rose to an all-time high at 8,918.51 points on December 5, 2010, when the market was bullish before crash.

 

Along with core index, the total market capitalisation of the DSE also rose to an all-time high of over Tk 3,998 billion on the day, surpassing the previous high of Tk 3,983 billion recorded on previous day.

 

The two other indices -- the DS30 index and the DSE Shariah Index (DSES) -- followed the suit to close at 2,121 and 1,312 points, after advancing 2.86 points and 3.73 points respectively.

 

Turnover, the important indicator of the market, also rose to Tk 10.33 billion, which was 11 per cent higher than the previous day’s Tk 9.30 billion.

 

The gainers took a strong lead over the losers as out of 331 issues traded, 174 closed higher, 119 closed lower and 38 remained unchanged on the DSE trading floor.

 

Bangladesh Building Systems led the turnover chart for the five consecutive sessions with about 9.71 million shares of Tk 547 million changing hands, followed by BBS Cables, Fortune Shoes, Al-Arafa Islami Bank and Mercantile Bank.

 

Fu-Wang Ceramics was the day’s highest gainer, posting a 10 per cent rise, while Kay & Que was the worst loser, plunging 8.50 per cent.

 

The port city bourse, the Chittagong Stock Exchange (CSE), also closed higher with its Selective Categories Index - CSCX – advancing 55 points to settle at 11,144 points.

 

Gainers beat losers as 146 issues closed higher, 88 closed lower and 23 remained unchanged on the CSE.

 

The port city bourse traded 24 million shares and mutual fund units worth Tk 733 million.

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