BBN file photo

Dhaka, Bangladesh (BBN) – Daily trade turnover on Dhaka Stock Exchange (DSE) scaled BDT 12-billion mark on Tuesday after two weeks as investors put fresh stakes on stocks.
Turnover, a crucial indicator of the market, stood at BDT 12.37 billion on the country’s premier bourse, climbing further by 6.10 percent over previous day’s mark of BDT 11.66 billion.
It happens to be the biggest single-day transaction in the last two weeks since July 16, when the turnover totaled a record BDT 12.63 billion.
The market opened the session on a positive note and continued the same till closure, but during the mid-session it observed some profit booking sell-off.
DSEX, the prime index of the DSE, which replaced the DGEN in four-and-a-half-year back, continued to hold its gaining momentum, adding 15.61 points more to settle at a historical high of 5,876 points, since its inception on January 27, 2013.
Dealers said the investors continued their buying appetite on heavyweight bank issues following their healthy quarterly earnings declaration, taking market further hike.
“The rally of heavyweight banks encouraging for investors and alluring for additional funds,” said an analyst at a leading brokerage firm.
The DSE Shariah Index (DSES) also advanced 1.18 points or 0.09 percent to close at 1,316.
However, the DS30 index, comprising blue chips, fell 6.55 points or 0.30 per cent to finish at 2,137.
“The buying interest stimulated the sector specific issues, especially in tannery, textile and bank sectors amid optimism while the shaky investors booked profit on financial institution, engineering and food sectors,” commented International Leasing Securities, a stockbroker, in its regular market analysis.
The gainers took a modest lead over the losers as 329 issues traded, 171 closed higher, 128 closed lower and 30 remained unchanged on the DSE trading floor.
City Bank led the turnover chart with about 11.41 million shares of BDT 481 million changing hands, followed by C&A Textile, LankaBangla Finance, ONE Bank and Premier Bank.
Trust Bank was the day’s highest gainer, posting a 11.41 percent rise, while the newly listed BBS Cables was the worst loser, plunging 9.08 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also stayed higher with its Selective Categories Index – CSCX – gaining more than 44 points to settle at 11,004 points.
Gainers beat losers as 142 issues closed higher, 78 closed lower and 35 remained unchanged on the CSE.
The port city bourse traded 25.38 million shares and mutual fund units’ worth BDT 625 million in turnover.