Stocks extend winning streak amid rising turnover

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Business Desk :
Stocks extended the winning streak for the fifth straight day on Tuesday as investors remained active on major sectors issues. DSEX, the prime index of Dhaka Stock Exchange (DSE), went up by 14.24 points or 0.26 per cent to settle at 5,358. It has been the highest since July 4, 2019, when DSEX was 5,380.
DSEX added more than 260 points in the past five consecutive sessions. Total market-cap of DSE surged to Tk 4,442 billion on Tuesday, hitting a fresh all-time high, driven by the biggest-ever issue — Robi. The previous day’s market-cap was also a record high of Tk 4,418 billion. Robi’s market capitalisation reached more than Tk 142 billion according to Tuesday’s closing price.
Shares of Robi Axiata soared further by 9.72 per cent to close at Tk 27.10 on Tuesday, after a flying debut last week. Its share price jumped 171 per cent in four trading days. Turnover, a crucial indicator of the market, stood at Tk 13.83 billion on the country’s premier bourse, rising by 2.75 per cent over the previous day’s turnover of Tk 13.47 billion, reports FE.
Two other indices also edged higher. The DS30 index, comprising blue chips, gained 12.31 points to finish at 1,936 and the DSE Shariah Index rose 1.81 points to close at 1,233.

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