DSE turnover reaches 14-month high

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BSS, Dhaka :The daily trade value reached at 14-month high at the prime bourse on bull run for the second consecutive day, taking broader price index to a new peak in the past seven months.Buoyant trading, which got further momentum on Wednesday, took the daily trade value at Dhaka Stock Exchange (DSE) near Taka 1000 crore at the session’s close with volume of around 20 crore shares. The trade value on Wednesday was the highest single day turnover after July 10, 2013 when the transaction value was Taka 1040 crore.DSEX, the benchmark DSE price index, rose to 4798.39, a new peak in the past seven months after February. The blue-chip DS30 and the Shariah DSES also surged to rewrite their records at 1879.29 and 1136.68 respectively.Like on Tuesday, the investors’ movements remained focused on various sectors, resulting in price fluctuation across the board. The market was vibrant as both sellers and buyers were taking the advantage of active trading. The apparently equal strength on demand and supply sides brought the number of gaining and losing issues close by 131 to 133 with 33 unchanged.Like the previous trading sessions, large-cap shares captured the major portion of the day’s gaining scrips, indicating that the investors were largely positioning in the fundamentally sound stocks. Out the day’s 131 advancing scrips, 100 belonged to the large-cap category.Mutual fund also performed better on the day when 16, out of 36 scrips of this category gained. New issues continued to decline with only one advancing out of 11 issues traded.Among the sectors, telecommunication maintained the top position when the non-life insurance was on the low demand side.Among companies, Grameen Phone was the most liquid followed by MJLBD, Beximco Pharma and ACI Formulation.The day’s gaining companies were ACI Formulation, Anlima Yarn, Summit Allaince, 2nd ICBMD and GPH Isphat.

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