DSE daily turnover scales Tk 12b-mark again

Stocks rebound on regularly moves  


FE ONLINE REPORT | Published: September 02, 2020 16:02:42 | Updated: September 04, 2020 10:03:55


DSE daily turnover scales Tk 12b-mark again

Daily trade turnover on Dhaka Stock Exchange (DSE) surpassed Tk 12 billion-mark Wednesday after two weeks as enthusiastic investors put fresh stakes on stocks.

Turnover, a crucial indicator of the market, stood at Tk 12.01 billion on the country’s premier bourse, climbing by 55 per cent over previous day’s mark of Tk 7.77 billion.

It was the biggest single-day transaction in two weeks since August 17, when the turnover totalled a record Tk 14.08 billion.

Along with rising turnover, DSEX, prime index of DSE, rebounded in positive territory after a single-day break as buoyant investors went on buying shares riding on the regulatory steps to ensure accountability of the market stakeholders.

DSEX, the prime index of the DSE, went up by 29.30 points or 0.60 per cent to settle at 4,891, which is the highest level of DSEX in 11 months since October 7, 2019.

Market analysts said factors like lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers helped buoy the market.

The enthusiastic investors continued their buying appetite on large-cap stocks amid growing confidence in the market following the regulator’s recent steps to bring discipline in the capital market, said a merchant banker.

Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 18.24 points to finish at 1,714 and the DSE Shariah Index rose 5.95 points to close at 1,137.

Gainers outnumbered the losers, as out of 357 issues traded, 162 closed higher, 153 ended lower while 42 issues remained unchanged on the DSE floor.

A total number of 181,432 trades were executed in the day’s trading session with a trading volume of 302.44 million shares and mutual fund units.

The market-cap on the premier bourse also rose to Tk 3,706 billion on Wednesday, from Tk 3,687 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Beximco Pharma topped the turnover chart with shares worth Tk 1.54 billion changing hands, followed by Beximco, Square Pharma, Orion Pharma and Grameenphone.

Low-profile companies continued to dominate the gainers chart with Fu-Wang Ceramic was the best performer, posting a gain of 10 per cent while Eaxim Bank First Mutual Fund was the worst loser, losing 8.62 per cent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—gaining 114 points to close at 13,973 and the Selective Categories Index - CSCX –rising 56 points to finish at 8,425.

Of the issues traded, 137 gained, 102 declined and 38 remained unchanged on the CSE.

The port city bourse traded 13.58 million shares and mutual fund units with turnover value of Tk 295 million.

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