DSEX exceeds 7000-mark again on buying spree
Stocks extended rally for the fifth straight session on Tuesday
as investors continued to put fresh bets on major sector issues amid the
growing optimism.
The market started on an upbeat trend which continued till the
end of the session with no sign of reversal as investors were hopeful about a
positive outcome from the meeting between the central bank and the securities
regulator.
The DSEX, the prime index of the Dhaka Stock Exchange, crossed
the 7000 points mark after nine trading days to settle at 7048, after surging
70.45 points or 1.0 per cent.
The DSEX added 332 points in the past five consecutive sessions.
Two other indices also ended higher. The DSE 30 Index, comprising
blue chips, rose 25.67 points to finish at 2,660 and the DSE Shariah Index (DSES)
gained 15.39 points to close at 1,480.
Market analysts said investors are hopeful about a positive
outcome from the meeting between the Bangladesh Bank and the Bangladesh
Securities and Exchange Commission (BSEC) at the ministry of finance.
Turnover, a crucial indicator of the market, jumped to Tk 13.31
billion, which was 50 per cent higher than the previous day’s tally of
Tk 8.87 billion.
Gainers took a strong lead over the losers, as out of 375 issues
traded, 274 advanced, 69 declined and 32 remained unchanged on the DSE trading
floor.
Beximco was the most traded stock with shares worth Tk 1.30
billion changing hands, closely followed by ONE Bank (Tk 1.0 billion), GSP
Finance (Tk 431 million), Power Grid Company (Tk 313 million), and First Security
Islami Bank (Tk 280 million).
Khan Brother PP Woven Bag Industries was the day’s highest
gainer, soaring 10 per cent while Aman Feed was the day’s worst
loser, losing 3.57 per cent.
The Chittagong Stock Exchange (CSE) also ended sharply higher
with the CSE All Share Price Index – CASPI –rising 204
points to settle at 20,606 and the Selective Categories Index – CSCX,
soaring 120 points to close at 12,385.
Of the issues traded, 210 advanced, 61 declined and 20 remained
unchanged on the CSE.
The port city’s bourse traded 17.80 million shares
and mutual fund units with a turnover value of Tk447 million. Source: FE