Dhaka, Bangladesh (BBN) – Dhaka stocks witnessed steep rise on Tuesday and the key index soared almost four per cent with improving turnover value as investors went for buying shares at lower prices.
Market analysts said that the last few days, traders were in observing mood centering country’s political scenario, but they might be optimistic as the situation normal.
The market shot up more than 100 points within first one hour upon resumption of day’s trading and the upbeat note continued till the market closure and finally ended 173 points higher.
The benchmark general index of the Dhaka Stock Exchange (DGEN), the yardstick of the market went up by 173.24 points or 3.98 percent to close at 4,523.71.
The broader All Shares Price Index (DSI) climbed 141.40 points or 3.87 percent to close at 3,792.89. The DSE-20 Index comprising blue-chip shares also advanced 85.02 points or 2.40 percent to close at 3618.59.
The gainers took a strong lead over the losers as out of 259 issues traded, 249 advanced, only eight declined and two remained unchanged.
Market turnover, trade volume and total number of trade increased significantly.
Turnover value increased substantially and stood at BDT 3.16 billion which was 121 per cent higher than Monday’s BDT 1.43 billion.
A total of 69.21 million shares changed hands on the day against 29.39 million in the previous session. The trade deals also increased to 102,332 against Monday’s 47,372.
The total market capitalization of the DSE stood at BDT 2,361.80 billion against BDT 2,299.26 billion in the previous session.
All sectors ended higher as the market witnessed buy pressure all across the board.
Sumit Power topped turnover chart with shares worth BDT 207.35 million changing hands.
The other turnover leaders were Beximco Limited, GP, United Airways, Titas Gas, Beximco Pharma, MI Cement, Keya Cosmetics, Jamuna Oil and RN Spinning.
Sonali Ansh was the day’s highest gainer posting a rise of 9.90 per cent while RN Spinning was the worst loser.
BBN/SSR/AD-14Mar12-8:00 am (BST)