DSEX exceeds 4,900-mark again

DSE daily turnover jumps 14pc

November 02, 2020 16:05:10

Stocks posted a marginal gain on Monday, extending the gaining streak for the third straight sessions, as bargain hunters continued their buying binge on sector-wise issues based on corporate declarations.

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 21.69 points or 0.44 per cent to settle at 4,918.

The DSE core index added more than 80 points in the past three straight sessions.

The DSE Shariah Index also advanced 1.31 points to close at 1,112. However, the DS30 index, comprising blue chips, lost 1.03 points to finish at 1,698.

Market operators said bargain hunters continued their buying appetite on sector specific issues based on latest corporate declarations.

Investors were active on stocks which declared expected dividend and quarterly earnings, taking the market in the higher note, said a merchant banker.

Turnover, a crucial indicator of the market, stood at Tk 8.92 billion, which was nearly 14 per cent higher than the previous day’s turnover of Tk 7.85 billion.

Gainers took a modest lead over the losers as out of 357 issues traded, 159 ended higher, 144 closed lower while 54 issues remained unchanged on the DSE trading floor.

A total number of 180,146 trades were executed in the day’s trading session with a trading volume of 337.32 million shares and mutual fund units.

The market capitalisation of DSE rose to Tk 3,956 billion on Monday, from Tk 3,950 billion in the previous day.

Beximco Pharma topped the turnover list with shares worth Tk 574 million changing hands, closely followed by Asia Pacific Insurance, Global Insurance, Bangladesh National Insurance and Beximco.

Fu-Wang Ceramic was the day’s best performer, posting a gain of 15.23 per cent while Express Insurance was the worst loser, losing 12.73 per cent despite the company declaring a 5.0 per cent interim cash dividend.

The Chittagong Stock Exchange also edged higher with its All Shares Price Index (CASPI)—gaining 85 points to close at 14,067 while the Selective Categories Index – CSCX advancing 50 points to close at 8,460.

Of the issues traded, 132 advanced, 89 declined and 39 remained unchanged on the CSE.

The port city bourse traded 14.79 million shares and mutual fund units with turnover value of Tk 505 million.




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