Dhaka stocks gain with improving turnover
Dhaka, Bangladesh (BBN) – Dhaka stocks surged on Sunday with improving turnover value as optimism grew among investors to the new leadership of the premier bourse.
The market opened with a flying note, gaining almost 121 points within five minutes upon resumption of the day’s trading. Then it declined some points for the rest of the session and finally ended more than 82 points higher.
The benchmark general index of the Dhaka Stock Exchange (DGEN), the yardstick of the market soared 82.54 points or 1.81 percent to close at 4,625.99.
The broader All Shares Price Index (DSI) went up by 66.84 points or 1.75 percent to close at 3,874.94. The DSE-20 Index comprising blue-chip shares also advanced 23.82 points or 0.66 percent to close at 3,608.45.
“Newly elected president of the DSE is expected to work for improving the investment atmosphere of the market which has encouraged the investors to buy shares,” commented LankaBangla Securities in its daily market analysis.
Prices of most traded issues gained on the day as out of 258 issues traded, 226 advanced, 26 declined and five remained unchanged.
Turnover value crossed the 4.0 billion mark after 11 trading session and stood at BDT 4.05 billion which was 9.16 percent higher compared to BDT 3.71 billion in the previous session.
A total of 85.09 million shares changed hands on the day against 76.74 million in the previous session. The trade deals also increased to 114,044 against Thursday’s 106,425.
The total market capitalization of the DSE stood at BDT 2,410.71 billion against BDT 2,374.67 billion in the previous session.
Beximco Limited continued to top the turnover chart with shares worth BDT 247.74 million changing hands.
MBL First Mutual Fund was the day’s highest gainer posting a rise of 8.43 percent while Central Insurance was the worst loser.
BBN/SSR/AD-19Mar12-7:30 am (BST)