DSEX hits 25-month high as trade volume nears 50 crore

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Economic Reporter :
The broader index at Dhaka Stock Exchange (DSE) reached 25-month high when transaction hit a record taking the daily share trade volume near 50 crore.
The DSEX added 23.22 points on the day’s bullish-driven market, breaking a major resistant level to close at 5016.75. This was the highest in the past 25 months after November 6, 2014 when it closed at 5,025.10.
The two other selective indices – the DS30 and the DSES – also finished the session in green, but with marginal rise as the day’s trading activities was mostly around mid-cap group. The two indices finished at 1807.46 and 1182.23 respectively.
The transaction in term of volume rose by 22.02 percent to 49.80 crore shares when the turnover value increased by 11.88 percent to Taka 1210.36 crore.
Share price also continued to move upward due to the higher demand. Out of the day’s 327 traded issues at DSE, 174 gained against 133 losing securities. The large-cap securities were on the top of the rising trend, with 136 securities of this cap category closing higher.
NBFI, bank, fuel and power, mutual funds and travel and leisure were the major advancing sectors when IT, tannery and real-estate sectors were down.
The day’s major gainers were IFIC First Mutual Fund, PHP Mutual Fund 1, Popular First Mutual Fund, ICB Employee Mutual Fund First Scheme and Prime Finance First Mutual Fund. The major losers included Rahima Food, Golden Harvest, BD Auto Cars, Bengal Wins door and HR Tex.

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