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DSEX, the key index of the Dhaka Stock Exchange, witnessed mixed sessions last week and closed at 6,760.62 points with a gain of 61 points or 0.91 per cent.
The daily average turnover declined by 3.21 per cent to close at Tk 2,578 crore in the week’s final trading session.
The average turnover is still higher than that of the previous month as the key performance indicator was Tk 2,140 crore in July.
The market capitalisation of the Dhaka bourse stood at Tk 5,49,721 crore on Thursday, which was Tk 5,49,052 crore at the beginning of the week.
Market capitalisation, or market cap, is calculated by multiplying the total number of a company's outstanding shares with the current market price of shares.
Out of the 382 issues traded, 224 advanced, 143 declined, and 11 remained unchanged on the Dhaka bourse in the week.
EBL Securities, in its weekly market commentary, said that the ceiling to provide margin loan at 1:0.8 ratio was extended up to 8,000 points, which influenced the index to reach new highs.
Besides, several decisions in the money market sector, including the central bank’s directive to increase deposit rate and the issuance of 8,675 crore T-bills, might have influenced some funds to move from the capital market to the money market, said the brokerage house.
Also, the Bangladesh Bank’s directive to commercial banks to submit the reports of their stock market investment on a daily basis made the investors more cautious, it observed.
As a result, the last two sessions of the week have witnessed profit booking and more cautiousness from the investors, it added.
On the first three days of the week, the DSEX continued to hit record highs as the buoyant investors retained their buying spree.
International Leasing Securities, in its weekly market commentary, said that the cheery investors exerted their enthusiasm riding on the regulators’ move to boost up the supply of liquidity in the capital market.
Besides, the Bangladesh Securities and Exchange Commission (BSEC) allowed the investors to avail credit facilities as per the existing margin loan ratio until the benchmark index of the Dhaka bourse exists below 8000 points.
The investors were rushing towards the capital market because of lower returns on the money market, limited scope of investment in other instruments amid reopening of economic activities, International Leasing Securities said.
The buoyant investors kept their buying spree especially on bank sector stocks.
Besides, the investors were also taking positions on general insurance, cement, fuel & power, textile and financial institution sectors amid high expectation.
Some other investors have reshuffled their portfolio in line with the market direction, it said.
Point to point estimate revealed that the Sharia index DSES added 2.3 points last week, where the DS30 lost 4.0 points to their previous week’s indices.
