Dhaka, Bangladesh (BBN) - Dhaka stocks continued to surge for the fifth consecutive week, ended Thursday with improving turnover value, as institutional and retail investors are pouring fresh funds into the market amid optimism.
The market analysts said the participation of investors has increased as their confidence boosted up centering the ongoing bullish trend of the market.
The week witnessed five trading sessions as usual. Among those, four sessions gained 249 points, while one session lost 7.0 points.
The DSE General Index (DGEN), the yardstick of the market, went up by 244.69 points or 4.80 percent to close at 5,343.60. The DGEN gained 22.20 per cent over the last five weeks.
The broader All Shares Price Index (DSI) surged 196.38 points or 4.59 percent to close at 4,475.19. The DSE-20 Index comprising blue-chip shares also rose 155.41 points or 4.12 percent to close at 3,924.93.
A new company - GSP Finance Bangladesh Limited - made debut at the DSE on Monday. Thursday's closing price of the company was BDT 51.50, a 106 per cent up from its offer price of BDT 25.
The total turnover value for the week stood at BDT 42.27 billion against BDT 36.38 billion in the previous week.
The daily average turnover value of the DSE was BDT 8.85 billion last week. It was 16.19 percent higher compared to BDT 7.27 billion in the previous week.
The highest turnover value was recorded BDT 10.78 billion on Thursday which was more that eight-month high since July 31, last year.
The lowest turnover value of BDT 6.8 billion was recorded Sunday.
Out of the 271 issues traded during the week, 166 advanced, 92 declined, and 13 remained unchanged.
The market capitalization of the DSE also advanced 4.60 percent in the week. The market capitalization of the DSE was BDT 2,614.47 billion on the opening day of the week and at the end of the week it stood at BDT 2,734.64 billion.
BBN/SSR/AD-14Apr12-8:10 am (BST)
