The benchmark price index of Dhaka Stock Exchange (DSE) neared 4600- point mark on Wednesday, reaching its peak in four months after April 28.
With ceaseless rise for the third consecutive day, the broad-based price index DSEX finished the day at 4599.46 with 8.81 points gain with the two selective indices going up at the similar pace. The DS30 for the blue-chip and the DSES for the Shariah-based companies closed at 1734.93 and 1073.54 respectively.
The indices rose on rally in the large-cap and blue-chip scrips, which shared nearly 2.0 percent of the day’s total turnover. The daily transaction, however, declined by over 27.0 percent with only 3.0 percent price change in 49 out of 297 issues traded. Some 14.55 crore shares of Taka 578.41 crore changed hands on the day.
Share transactions at the DSE hit 6-month high on Tuesday driven by large-cap accumulations of investors. But, the activities at the market slowed on Wednesday after a large number of investors took position on lower cap classes, sending Beximco to one notch down from its top position as turnover leaders. Eventually, United Air, Beximco Pharma, Golden Son and Maksons Spinning came to the upper side of the top turnovers’ ladder.
There was recurring, but short-lived bullish movement in the marker that made 131 issues advancing. But 134 issues lost due to selling spree and profit-booking. The investors’ activities also remained mostly cap and disclosure sensitive during the entire session. As a result, the gaining issues included sundry sectors like mutual fund, food, insurance, telecom and energy.
Ceramic, IT, engineering and NBFI were reeling under selling pressure for profit- booking.
