The Financial Express

DSEX leaps over 5,000-mark after two months

| Updated: December 08, 2020 10:45:26

DSEX  leaps over 5,000-mark after two months

The prime index of the Dhaka Stock Exchange (DSE) crossed the ‘psychological’ threshold of 5,000-mark after two months as optimistic investors continued their buying spree on large-cap issues.

DSEX, the key index of the Dhaka Stock Exchange (DSE), jumped 49.54 points or 0.99 per cent to settle at 5,024. DSEX added more than 158 points in the past four straight sessions.

Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 21.51 points to finish at 1,748 and the DSE Shariah Index rose 15.27 points to close at 1,150.

Market analysts said investors showed their buying appetite on sector-wise stocks amid growing confidence in the market riding on regulatory moves to restore discipline in the market.

The stock market regulator’s moves to restructure the boards of the listed companies which sponsor-directors fail to hold minimum 30 per cent shares, also attracted the investors, said a leading broker.

Turnover, a crucial indicator of the market, rose to Tk 8.43 billion, which was 2.55 per cent higher than the previous day’s turnover of Tk 8.22 billion.

Gainers took a strong lead over the losers as out of 354 issues traded, 154 ended higher, 120 closed lower while 80 issues remained unchanged on the DSE trading floor.

A total number of 178,327 trades were executed in the day’s trading session with a trading volume of 333.32 million shares and mutual fund units.

The market capitalisation of DSE rose to Tk 4,030 billion on Sunday, from Tk 3,992 billion in the previous day.

Beximco topped the turnover list with 19.18 million shares worth Tk 523 million changing hands, closely followed by Republic Insurance, LankaBangla Finance, Fortune Shoes and Beximco Pharma.

The newly listed Dominage Steel Building Systems was the day’s best performer, posting a gain of 9.78 per cent while Nitol Insurance was the worst loser, losing 8.16 per cent.

The Chittagong Stock Exchange also ended higher with its All Shares Price Index (CASPI)—soaring 161 points to close at 14,424 while the Selective Categories Index – CSCX rising 94 points to close at 8,681.

Of the issues traded, 135 advanced, 76 declined and 45 remained unchanged on the CSE.

The port city bourse traded 12.60 million shares and mutual fund units with turnover value of more than Tk 246 million.

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