Dhaka, Bangladesh (BBN) - Dhaka stocks extended its gaining streak for the fourth running session on Wednesday with its key index breaking the 5,000 psychological barrier with turnover hitting highest in the year as the investors went on a buying spree.
Market analysts said that investors’ confidence boosted up and opted shares cheerfully as the market showing a sign of stability in the last few days.
The market shot up more than 70 points within first half an hour and the uptrend continued steadily till the market closure and finally ended almost 100 points higher.
The general index of Dhaka Stock Index (DGEN) ended at 5,038.79, rising 99.97 points or 2.02 per cent. Earlier, the DGEN was 5,000 point threshold on January 15, 2012.
Out of 265 issues traded, prices of 212 issues increased, 42 declined while 11 remained unchanged.
Turnover value continued on with the recent high trend - hitting almost four month high of BDT 8.21 billion against BDT 7.52 billion in the previous session. This was the highest turnover since November 23, last year, when it was recorded BDT 10.51 billion.
A total of 160.96 million shares changed hands on the day against 150.58 million in the previous session. The trade deals also increased to 187,919 against Tuesday’s 176,541.
The total market capitalization of the DSE stood at BDT 2,589.78 billion against BDT 2,541.83 billion in the previous session.
All the major sectors closed higher on the day, with telecommunications gaining the most of 4.94 percent, followed by fuel and power 3.95 percent, and non-banking financial institutions (NBFIs) 3.03 percent. Pharmaceuticals gained 2.85 percent while banks were marginally up by 0.26 percent.
Grameenphone (GP) also topped the turnover list with shares worth BDT 395.17 million changing hands.
Bangas was the day’s highest gainer posting a rise of 9.96 percent while Fifth ICB was the worst loser.
BBN/SSR/BB-28Mar12-8:40 pm (BST)
