Business Desk :
Daily trade turnover on Dhaka Stock Exchange (DSE) hit a fresh seven months high on Monday as investors put fresh bets on stocks.
Turnover, a crucial indicator of the market, stood at Tk 14.78 billion on the country’s premier bourse, climbing further by 40 per cent over the previous day’s mark of Tk 10.58 billion.
It was the biggest single-day transaction since January 23 this year, when the turnover totalled a record Tk 14.82 billion.
Along with increasing turnover, DSEX, the prime index of the DSE, went up by 40.67 points or 0.65 per cent to finish at 6,300. DSEX added 151 points in the past five trading days.
Two other indices of the DSE also ended higher. The DS30 index, comprising blue chips, rose 21.18 points to finish at 2,247 and the DSE Shariah index soared 7.44 points to close at 1,380.
Market operators said the investors’ confidence was boosted to some extent amid a continuous declining trend of fuel prices in the global markets as well as the stability in the foreign exchange market due to the central bank’s steps.
The general investors increased their participation hoping that the market will not fall further due to regulatory assurance to keep the ‘floor price’ in place until further order, said a merchant banker.
Gainers took a modest lead over the losers as out of 380 issues traded, 164 closed higher, 117 lower and 99 issues remained unchanged on the DSE trading floor.
Beximco became the most-traded stock with shares worth Tk 1.26 billion changing hands, followed by Orion Pharma, Delta Life Insurance, LafargeHolcim and Bangladesh Spinning Corporation.
Fareast Life Insurance was the day’s top gainer, gaining 10 per cent while First Finance was the day’s worst loser, losing 5.0 per cent.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index (CASPI) at 122 points to settle at 18,512 and its Selective Categories Index (CSCX) rising 75 points to close at 11,092. Of the issues traded, 144 advanced, 81 declined and 83 issues remained unchanged. The port-city bourse traded 11.12 million shares and mutual fund units with a turnover value of Tk 327 million.
