BSS, Dhaka :
Dhaka Stock Exchange (DSE) showed strong rally on Tuesday on higher transaction, with continuing the gaining streak for the 6th session in a row.
The daily transaction in value surged by 11.72 percent to Tk 299.42 crore when the volume increased by 15.96 percent to 7.29 crore shares from Monday’s 6.29 crore shares of Taka 268 crore. The trading saw the leap in the value and volume after witnessing significant rise on the previous trading session.
The continuous rise in transaction resulted in a 74.12 points or 1.57 percent surge in the DSEX, the prime index of DSE, which closed at 4786.69. The blue-chip DS30 also advanced substantially by 38.53 points or 2.20 percent to 1788.21 when the Shariah DSES jumped by 20.24 points or 1.80 percent to 1140.71.
Market analysts attributed the gain primarily to the news of falling non-performing loan in banking sector.
A latest Bangladesh Bank report said banks’ default loans dropped 12.45 percent in the last quarter of 2014 after rising in the three previous quarters, much to the relief of the central bank.
The higher market activities pushed prices of 244 issues up at close when 37 incurred losses and 26 remained static.
The top five major gainers were Beximco, SA Port, Legacy Foot, Quasem Drycell and Beximco Pharma when the major losers included PF1stMF, Gemini Sea Food, Progressive Life, Modern Dye and IFILSLMF1.
Among the major sectoral moves, cement, fuel and power, telecom, textile and banking stocks gained 2.63 percent, 2.15 percent, 1.84 percent, 1.47 percent and 0.55 percent respectively.
MJLBD topped the turnover list followed by Ifad Autos, Lafarge Surma, Squire Pharma and GP.
Dhaka Stock Exchange (DSE) showed strong rally on Tuesday on higher transaction, with continuing the gaining streak for the 6th session in a row.
The daily transaction in value surged by 11.72 percent to Tk 299.42 crore when the volume increased by 15.96 percent to 7.29 crore shares from Monday’s 6.29 crore shares of Taka 268 crore. The trading saw the leap in the value and volume after witnessing significant rise on the previous trading session.
The continuous rise in transaction resulted in a 74.12 points or 1.57 percent surge in the DSEX, the prime index of DSE, which closed at 4786.69. The blue-chip DS30 also advanced substantially by 38.53 points or 2.20 percent to 1788.21 when the Shariah DSES jumped by 20.24 points or 1.80 percent to 1140.71.
Market analysts attributed the gain primarily to the news of falling non-performing loan in banking sector.
A latest Bangladesh Bank report said banks’ default loans dropped 12.45 percent in the last quarter of 2014 after rising in the three previous quarters, much to the relief of the central bank.
The higher market activities pushed prices of 244 issues up at close when 37 incurred losses and 26 remained static.
The top five major gainers were Beximco, SA Port, Legacy Foot, Quasem Drycell and Beximco Pharma when the major losers included PF1stMF, Gemini Sea Food, Progressive Life, Modern Dye and IFILSLMF1.
Among the major sectoral moves, cement, fuel and power, telecom, textile and banking stocks gained 2.63 percent, 2.15 percent, 1.84 percent, 1.47 percent and 0.55 percent respectively.
MJLBD topped the turnover list followed by Ifad Autos, Lafarge Surma, Squire Pharma and GP.
