Economic Reporter :
Non-bank financial institutions, textile and telecommunication helped the market move up during the week. However, modest profit booking also took place in the week.
During the week that ended Thursday, the benchmark index of Dhaka Stock Exchange DSEX rose 20 points or 0.7 percent to end the week at 4,595, which is the highest level since January 19.
The DS30 index, comprising blue chips, advanced over 7 points or 0.5% to 1,778. The DSE Shariah Index rose 5 points or 0.5 percent to 1,125.
The Chittagong Stock Exchange Selective Category Index CSCX moved up 21 points or 0.3 percent to 8,785.
The week’s daily average turnover stood at Tk560 crore, registering an increase of more than 9 percent over the previous week’s average of Tk512 crore. Block trade contributed 5.9 percent to the week’s total turnover value.
Lanka Bangla Securities said, “Economic data and earnings declaration continued to jack market sentiment up, resulting in DSEX with increasing turnover value.”
It said the market participation remained active as investors’ confidence grew driven by positive economic outlook for the country.
The investor attention was mostly focused on engineering, fuel and power sectors during the week, together making up over 40 percent of the week’s total turnover value.
Gainers took a strong lead over the losers as out of 327 issues traded, 212 closed higher, 102 lower and 13 remained unchanged on the DSE trading.
The newly-listed Yeakin Polymer dominated the week’s turnover chart with Tk97.8 crore changing hands, followed by Lanka Bangla Finance, Bangladesh Submarine Cable Company, MJL Bangladesh and Bangladesh Shipping Corporation.
Non-bank financial institutions, textile and telecommunication helped the market move up during the week. However, modest profit booking also took place in the week.
During the week that ended Thursday, the benchmark index of Dhaka Stock Exchange DSEX rose 20 points or 0.7 percent to end the week at 4,595, which is the highest level since January 19.
The DS30 index, comprising blue chips, advanced over 7 points or 0.5% to 1,778. The DSE Shariah Index rose 5 points or 0.5 percent to 1,125.
The Chittagong Stock Exchange Selective Category Index CSCX moved up 21 points or 0.3 percent to 8,785.
The week’s daily average turnover stood at Tk560 crore, registering an increase of more than 9 percent over the previous week’s average of Tk512 crore. Block trade contributed 5.9 percent to the week’s total turnover value.
Lanka Bangla Securities said, “Economic data and earnings declaration continued to jack market sentiment up, resulting in DSEX with increasing turnover value.”
It said the market participation remained active as investors’ confidence grew driven by positive economic outlook for the country.
The investor attention was mostly focused on engineering, fuel and power sectors during the week, together making up over 40 percent of the week’s total turnover value.
Gainers took a strong lead over the losers as out of 327 issues traded, 212 closed higher, 102 lower and 13 remained unchanged on the DSE trading.
The newly-listed Yeakin Polymer dominated the week’s turnover chart with Tk97.8 crore changing hands, followed by Lanka Bangla Finance, Bangladesh Submarine Cable Company, MJL Bangladesh and Bangladesh Shipping Corporation.
