Economic Reporter :
Stocks extended the gaining streak for the second straight sessions on Monday riding on Bangladesh Bank’s move to ease liquidity crunch in the capital market.
The central bank has announced a fresh policy for providing temporary liquidity support to the scheduled banks for boosting their investment in the country’s ailing capital market.
Under the new policy, the banks will be eligible to invest such liquidity only in their own portfolios or the portfolios of their subsidiaries as loan, according to a notification, issued by the central bank on Sunday.
The government and top mobile phone operator have reached a consensus over settling the long disputed audit claims amicably which made investors optimistic, said a leading broker.
Turnover, a crucial indicator of the market, rose to Tk 5.17 billion on Monday, which was 70 per cent higher than the previous day’s Tk 3.05 billion.
It was also the highest turnover more than one-month since August 21, when turnover recorded Tk 5.42 billion.
The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors.
At the end of the session, DSEX, the prime index of the DSE, went up by 79.26 points or 1.61 per cent to settle at 5000.23.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 23.44 points to finish at 1,789 and the DSE Shariah Index rose 7.97 points to close at 1,158.
Gainers took a strong lead over the losers as out of 353 issues traded, 282 closed higher, 53 ended lower and 18 remained unchanged on the DSE trading floor.
A total number of 121,841 trades were executed in the day’s trading session with trading volume of 142.97 million shares and mutual fund units.
The market-cap of the DSE also rose to Tk 3,792 billion on Monday, from Tk 3,749 billion in the previous session.
The Gramemenphone topped the turnover chart for the second straight session with shares worth nearly Tk 202 million changing hands, followed by National Tubes, Summit Power, VFS Thread Dyeing and Fortune Shoes.
International Leasing Financial Services was the day’s best performer, posting a gain of 9.61 per cent while National Polymer was the day’s worst loser, plunging by 9.93 per cent.
The port city’s bourse, the Chittagong Stock Exchange, also ended higher with its All Shares Price Index (CAPSI) — CASPI-soaring 272 points to close at 15,218 and the Selective Categories Index – CSCX -advancing 165 points to finish at 9,241.
Stocks extended the gaining streak for the second straight sessions on Monday riding on Bangladesh Bank’s move to ease liquidity crunch in the capital market.
The central bank has announced a fresh policy for providing temporary liquidity support to the scheduled banks for boosting their investment in the country’s ailing capital market.
Under the new policy, the banks will be eligible to invest such liquidity only in their own portfolios or the portfolios of their subsidiaries as loan, according to a notification, issued by the central bank on Sunday.
The government and top mobile phone operator have reached a consensus over settling the long disputed audit claims amicably which made investors optimistic, said a leading broker.
Turnover, a crucial indicator of the market, rose to Tk 5.17 billion on Monday, which was 70 per cent higher than the previous day’s Tk 3.05 billion.
It was also the highest turnover more than one-month since August 21, when turnover recorded Tk 5.42 billion.
The market started on a flying note and remained vibrant throughout the session amid strong buying pressure from the investors.
At the end of the session, DSEX, the prime index of the DSE, went up by 79.26 points or 1.61 per cent to settle at 5000.23.
Two other indices also ended higher. The DS30 index, comprising blue chips, advanced 23.44 points to finish at 1,789 and the DSE Shariah Index rose 7.97 points to close at 1,158.
Gainers took a strong lead over the losers as out of 353 issues traded, 282 closed higher, 53 ended lower and 18 remained unchanged on the DSE trading floor.
A total number of 121,841 trades were executed in the day’s trading session with trading volume of 142.97 million shares and mutual fund units.
The market-cap of the DSE also rose to Tk 3,792 billion on Monday, from Tk 3,749 billion in the previous session.
The Gramemenphone topped the turnover chart for the second straight session with shares worth nearly Tk 202 million changing hands, followed by National Tubes, Summit Power, VFS Thread Dyeing and Fortune Shoes.
International Leasing Financial Services was the day’s best performer, posting a gain of 9.61 per cent while National Polymer was the day’s worst loser, plunging by 9.93 per cent.
The port city’s bourse, the Chittagong Stock Exchange, also ended higher with its All Shares Price Index (CAPSI) — CASPI-soaring 272 points to close at 15,218 and the Selective Categories Index – CSCX -advancing 165 points to finish at 9,241.
