Home ›› 10 May 2022 ›› Stock
The Dhaka Stock Exchange (DSE) witnessed a brisk trading activity on Monday with the turnover crossing Tk 1,200 crore for the first time in nearly three months.
The trading kicked off positively in the morning and got pace as days passed. Institutional investors poured funds on stocks, leading to the higher volume of trade, dealers said.
The benchmark DSEX index gained over 28 points or 0.4 per cent to close at 6,698, extending its winning streak for the second straight session.
Two other indices—the Shariah-based DSES moved slightly up 6 points or 0.46 per cent to 1,454. The blue-chip comprising the DS30 index saw a fractional rise of 0.14 points to 2,449. The turnover stood at Tk 1,208 crore—the highest level not seen before February 16, 2022 when it was Tk 1,213 crore and an increase of more than 24 per cent to stand at Tk 1,208 crore from Sunday’s Tk 970 crore.
Gainers outpaced losers as out of the 385 issues traded, 242 advanced, 77 declined, and 61 remained unchanged.
“Equity indices of the capital market maintained a firm position in green territory as increased participation of the investor added strength to the upward momentum of the market,” said EBL Securities in a note.
The market opened with the continuation of the previous session since spontaneous participation has triggered market confidence and optimistic investors exhibited fresh buying appetite on sector-specific issues based on the latest earning disclosures, it said.
On the sectoral front, pharma (13.9 per cent) issues exerted the highest turnover followed by engineering (10.8 per cent) and miscellaneous (9.3 per cent) stocks.
Most of the sectors displayed satisfactory performance, out of which ceramic (5.8 per cent), financial institute (3.1 per cent) and services (2.7 per cent) observed the most positive returns while jute (-0.3 per cent) and cement (-0.1 per cent) exerted most corrections on the bourse.
The port city bourse, CSE, also settled in green terrain. The selected indices (CSCX) and All Share Price Index (CASPI) have advanced by 26.8 points and 44.3 points respectively.
