Dhaka, Bangladesh (BBN) - The Dhaka Stock Exchange (DSE) ended the first week of this year with a positive note. It was also the fourth consecutive gaining week for the bourse with significantly increasing turnover, as investors’ confidence boosted up.
The investors’ confidence boosted up, as the market has been showing some stability in the last few sessions and they are expecting the positive momentum to continue in future, said a stock broker.
The participation of institutional investors has also increased after their year closing which is also a good sign for the market, he added.
The week witnessed five trading sessions, as usual. Among them three sessions advanced strongly while two sessions lost marginally.
In the week, the DSE General Index (DGEN) surged by 209.39 points or 3.98 percent to close at 5,467.00.
The broader All Shares Price Index (DSI) advanced 177.39 points or 4.09 percent to close at 4,561.33. The DSE-20 Index comprising blue-chip shares also gained 108.49 points or 2.77 percent to close at 4,018.81.
Turnover value was almost doubled this week compared to last week. Total turnover value stood at BDT 34.6 billion compared to BDT 18.7 billion in the last week.
The daily average turnover value rose by 48.94 percent to stand at BDT 7.0 billion, compared to the previous week’s BDT 4.7 billion.
All the major sectors advanced in the week with non-banking financial institutions (NBFIs) sector were the week’s highest gaining sector and gained 10.80 percent.
Meanwhile, during the week, 10 more sponsor-directors expressed their willingness to buy shares of their companies at prevailing market prices within the next 30 working days.
So far, as many as 46 sponsor-directors expressed their willingness to buy shares of their companies to comply with the regulator’s directive to hold minimum 2.0 per cent stakes in their own firms.
Grameenphone Limited (GP) was the week’s top turnover chart with shares worth Tk 1.10 billion changing hands.
Kay & Que was the week’s highest gainer posting a rise of 35.20 per cent while Third ICB was the worst losers.
BBN/SSR/AD-07Jan12-11:09 am (BST)