Dhaka, Bangladesh (BBN) – Turnover value at the Dhaka Stock Exchange (DSE) crossed BDT 10 billion level after three months on Monday as investors continued to inject fresh funds in stocks.
Daily turnover value soared to BDT 10.46 billion, registering an increase of 22 percent over the previous session’s value of BDT 8.55 billion.
It was also the highest single-day transaction in the last three months since April 5, this year, when the turnover total was also recorded BDT 11.15 billion.
Brokers said spontaneous participation backed by optimism coupled with persistent upward turnover in recent days tempted the sideline investors inject fresh fund on large-cap stocks, taking the market turnover above BDT10 billion-mark.
Along with turnover, the key index of the DSE also crossed the 5,700-mark and settled at 5,726.38, soaring 71.75 points or 1.27 percent over the previous day.
Following the previous day’s mild correction, the DSE and the Chittagong Stock Exchange (CSE) opened higher with increasing turnover value.
Within first 15 minutes of trading, the key index of the country’s prime bourse advanced nearly 16 points while the Selective Category Index of port city bourse rose 5.20 points at 10:45am.
After first 30 minutes of trading, the key index of the country’s prime bourse rose more than 20 points while the Selective Category Index of port city bourse rose 12 points at 11am.
After two hours of trading, DSEX, the prime index of the DSE advanced 42 points, while the Selective Category Index of port city bourse rose 73 points at 12:30pm and the rising trend continued till end of the session, finally ended more than 71 points higher.
The two other indices also closed higher. The DS30 index, comprising blue chips jumped 26.61 points or 1.28 percent to finish at 2,105.
The DSE Shariah Index (DSES) rose 12.86 points or 0.99 percent to close at 1,310.37.
Gainers took a strong lead over the losers, as prices of 209 securities advanced, 77 declined and 43 remained unchanged, out of the 329 issues that were traded on the DSE floor.
LankaBangla Finance topped the DSE turnover chart with about 5.69 million shares worth BDT 328 million changing hands, closely followed by Regent Textile, Beximco, Brac Bank and Doreen Power.
Rupali Bank was the day’s highest gainer, posting 9.84 percent gain, while BD Welding was the worst loser, losing 6.10 percent.
The port city bourse, the Chittagong Stock Exchange (CSE), also ended higher with its Selective Categories Index – CSCX – jumping 136 points to settle at 10,717.
Gainers beat losers as 171 issues closed higher, 46 closed lower and 32 remained unchanged on the CSE.
The port city bourse traded 20.35 million shares and mutual fund units’ worth BDT 580 million in turnover.