Stock turnover jumps 46pc ; The domestic stock market has started the week on a rising trend as investors were steadily increasing their participation. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 20 points, or 0.30 per cent, to reach 6,535 yesterday.
Stock turnover jumps 46pc
The DS30, an index that consists of blue-chip stocks, similarly edged up 0.73 per cent to hit 2,363 points while the DSES, the shariah-based index, climbed 0.42 per cent to settle at 1,435 points.
Meanwhile, turnover at the DSE soared by around 46 per cent to Tk 1,813 crore. At the Dhaka bourse, 109 stocks gained, 140 declined and 122 remained unchanged.
“The Dhaka stocks extended their gaining streak for the second consecutive session as investors put fresh bets on large-cap stocks ahead of the December-end declaration,” International Leasing Securities said in its daily market review.
Buying pressure from investors pulled up the prime index at the beginning of the trading session but after mid-session, the buyers’ activity slowed down and dragged the index downward but it still ended positive.
“The investors increased their participation in the market and that was reflected in the turnover,” it added.
Among the sectors, travel rose 5.3 per cent, IT advanced 3 per cent and general insurance increased 2.6 per cent while financial institution reduced 1 per cent, jute fell 1 per cent and miscellaneous slipped down 0.7 per cent. Investor activity was mostly centred on the pharmaceuticals (28.2 per cent), miscellaneous (14.8 per cent) and engineering (7.4 per cent) sectors.
Standard Ceramic Industries topped the gainers’ list, advancing 9.99 per cent. Eastern Cables, Sea Pearl Beach Resort & Spa, BDCOM Online, and Orion Pharmaceuticals were also among the stocks that saw significant gains. Union Capital suffered the highest correction, sliding 6.19 per cent, while JMI Syringes, Apex Foods, Sonali Paper & Board Mills, and IPDC Finance each declined by more than 4 per cent.
The Caspi, the all-share price index of the Chattogram Stock Exchange, gained 59 points, or 0.31 per cent to end the trading session at 19,200. Of the issues that were traded on the bourse yesterday, 75 advanced, 101 declined, and 90 did not show any price movement.