BSS, Dhaka :
Dhaka Stock Exchange (DSE) on Thursday began the first trading session of the New Year with strong bullish trend to usher in 2015. The market also closed the last trading session of 2014 higher in a recovery mode.
At the year’s opening session, the broader index DSEX gained by 76.55 points or a phenomenal 1.57 percent to cross 4900-point mark after December 11, 2014. The broader index closed the year’s debut session three-week high at 4951.51 on Thursday.
Similarly, the blue-chip DS30 surged by 40.12 points or 2.22 percent to close at 1843.18 and the Shariah DSES increased by 23.79 points or 2.06 percent to 1174.01.
The daily trade value and volume, however, decreased on the day as 5.63 crore shares worth Taka 227.54 crore were changed hands against 6.56 crore shares of Taka 265.40 crore of the last trading session on 2014.
At the last trading session of 2014, the DSEX finished at 4864.96 when the DS30 closed positive at 1803.05 and the Shariah DSES at 1150.22.
Market analysts said the market got some breath in the past two trading sessions as investors went long to equities with increased participation.
The latest decision of Bangladesh Securities and Exchange Commission (BSEC) also brought positive mode among share investors, which would eventually drive the market further up.
BSEC on Wednesday decided to allow share netting facility for same security and extent the deadline for provisioning of unrealised loss of merchant banks and stock brokers.
Under the netting system, investors from now on will be allowed to buy shares of the same company after selling on the same day. However, the scope to net will be allowed for securities under A, B, G and N category. Netting would not be allowed for Z (junk) category shares.
Currently, investors are only allowed to purchase the shares of a company by selling out the shares of another company on the same trading session.
The decision was taken following a proposal of the authorities of Dhaka and Chittagong stock exchanges to help increase the turnover values in the stock markets.
The BSEC also decided that stock brokers and merchant banks would get time up to December 31, 2015 for the provisioning of unrealised losses counted in their own and clients’ portfolios as on December 31, 2014.
The policy support helped DSE to see some active buying that made the market for sellers with 226 issues advancing among 308 issues traded. The day’s major gainers included Al-haj Textile, Sonali Ansh, Pharma Aid, Beximco Pharma and Anlima Yarn.
The major losers among the day’s 58 lagging scrips were Progoti Life, FBFIF, Samata Leather, SPCL and Prime Life.
Lafarge Surma topped the turnover leader followed by MJLBD, Agnai System, Beximco Pharma and CVO Petrochemical.
Dhaka Stock Exchange (DSE) on Thursday began the first trading session of the New Year with strong bullish trend to usher in 2015. The market also closed the last trading session of 2014 higher in a recovery mode.
At the year’s opening session, the broader index DSEX gained by 76.55 points or a phenomenal 1.57 percent to cross 4900-point mark after December 11, 2014. The broader index closed the year’s debut session three-week high at 4951.51 on Thursday.
Similarly, the blue-chip DS30 surged by 40.12 points or 2.22 percent to close at 1843.18 and the Shariah DSES increased by 23.79 points or 2.06 percent to 1174.01.
The daily trade value and volume, however, decreased on the day as 5.63 crore shares worth Taka 227.54 crore were changed hands against 6.56 crore shares of Taka 265.40 crore of the last trading session on 2014.
At the last trading session of 2014, the DSEX finished at 4864.96 when the DS30 closed positive at 1803.05 and the Shariah DSES at 1150.22.
Market analysts said the market got some breath in the past two trading sessions as investors went long to equities with increased participation.
The latest decision of Bangladesh Securities and Exchange Commission (BSEC) also brought positive mode among share investors, which would eventually drive the market further up.
BSEC on Wednesday decided to allow share netting facility for same security and extent the deadline for provisioning of unrealised loss of merchant banks and stock brokers.
Under the netting system, investors from now on will be allowed to buy shares of the same company after selling on the same day. However, the scope to net will be allowed for securities under A, B, G and N category. Netting would not be allowed for Z (junk) category shares.
Currently, investors are only allowed to purchase the shares of a company by selling out the shares of another company on the same trading session.
The decision was taken following a proposal of the authorities of Dhaka and Chittagong stock exchanges to help increase the turnover values in the stock markets.
The BSEC also decided that stock brokers and merchant banks would get time up to December 31, 2015 for the provisioning of unrealised losses counted in their own and clients’ portfolios as on December 31, 2014.
The policy support helped DSE to see some active buying that made the market for sellers with 226 issues advancing among 308 issues traded. The day’s major gainers included Al-haj Textile, Sonali Ansh, Pharma Aid, Beximco Pharma and Anlima Yarn.
The major losers among the day’s 58 lagging scrips were Progoti Life, FBFIF, Samata Leather, SPCL and Prime Life.
Lafarge Surma topped the turnover leader followed by MJLBD, Agnai System, Beximco Pharma and CVO Petrochemical.
