Dhaka, Bangladesh (BBN) – Dhaka stocks witnessed sharp rise on Tuesday, a day after closed lower with turnover crossing the five billion as participation of investors increased.
The market shot up more than 75 points within five minutes upon resumption of day’s trading and the uptrend continued till the market closure and finally ended more than 147 points higher.
The benchmark general index of Dhaka Stock Exchange (DGEN), the main gauge of the market, climbed 147.23 points or 3.25 percent to close at 4,668.56.
The broader All Shares Price Index (DSI) rose 117.93 points or 3.11 per cent to close at 3,906.65. The DSE-20 Index comprising blue-chip shares advanced 65.90 points or 1.82 percent to close at 3,687.39.
The gainers took a strong lead over the losers as out of 254 issues traded, 246 advanced, only nine declined and nine remained unchanged.
Turnover value increased substantially and stood at BDT 5.30 billion, which was 14.8 percent higher than last session’s turnover value of BDT 4.62 billion. This was the highest turnover value since January 9, when it was recorded BDT 5.38 billion.
A total of 119.30 million shares changed hands on the day against 104.86 million in the previous session. The trade deals also increased to 153,145 against Monday’s 144,634.
The total market capitalization of the DSE stood at BDT 2,409.87 billion against BDT 2,357.65 billion against in the previous session.
The non-banking financial institutions (NBFIs) gained 6.22 percent on the day which was the highest among the major sectors. Fuel and power, pharmaceuticals, banks and telecommunications went up by 4.49 per cent, 2.89 per cent, 1.79 per cent and 0.91 per cent respectively.
Beaximco Limited topped the turnover chart with shares worth BDT 200.78 million changing hands.
Peoples Leasing was the day’s highest gainers posting a rise of 10 percent while Meghna Pet was the worst loser and lost 2.67 percent.
BBN/SSR/AD-28Feb12-6:30 pm (BST)