DSEX gains over 200 points for 4th day

The Dhaka Stock Exchange (DSE) remained upbeat for the fourth day in a row, with the benchmark DSEX index gaining more than 20 points or 0.31 per cent to close at 6,683 on Sunday.

In four days, it added more than 200 points backed by the institutional buying support and buoyed by the regulatory efforts to gain investor confidence, dealers say.

The benchmark index opened on a positive note in the morning but lost some points before close as it showed an intraday high of 6,720 and a low of 6,676.

However, its junior indices—the Shariah-based DSES index was marginally down 3 points or 0.21 per cent at 1,461 while the blue-chip DS30 index moved up 8 points or 0.32 per cent at 2,486.

Gainers outshined losers as out of 381 issues traded, 200 closed up, 142 closed down and 39 remained unchanged.

The overall market volumes increased by 3 per cent to 209 million shares, while the value traded increased by almost 19 per cent to about Tk 900 crore over the previous session.

“Indices on the Dhaka bourse buoyed on regulatory stances while the bourse observed bargain-hunting on selective issues after active participation of both institutional and retail investors helped the market to come out of prolonged bearishness,” said EBL Securities in a note.

Participation has observed a considerable rise as the bottom circuit breaker raised to 5 per cent, giving investors a breather to engage in fresh investment activities, it added.

The major sectors taking the index towards the north were general insurance, travel, financial institution and food.

The most points added to the index individually were by Grameenphone which contributed 4.65 points followed by BATBC with 4 points, Walton Hi-Tech Industries with 2.61 points and Beximco with 1.41 points.

The major sectors taking the index toward the south were paper, IT, cement and pharmaceuticals.

The most points taken off the index were by Beacon Pharmaceuticals which stripped the index of 2.58 points followed by Robi with 1.13 points, Jamuna Bank with 0.89 points, and Sonali Paper with 0.79 points.

Among scrips, Beximco topped the volumes with shares worth Tk 62.67 crore, followed by IPDC (Tk 58.89 crore), Orion Pharmaceuticals ( Tk 53.58 crore) and Bangladesh Shipping Corporation ( Tk 29.42 crore).

The port city bourse, CSE, also settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have advanced by 32.5 points and 52.6 points respectively.