BSS, Dhaka :
After hanging in the negative territory for five consecutive trading sessions, Dhaka stocks returned to green zone on Thursday to finish the week positive with all the indices finishing in green.
The stock market experienced an extended downward trend following introduction of a new trading system on December 11.
The new automated trading system was expected to drive turnover upward as it offers online trading of shares at investors’ convenience besides ensuring secure and transparent share transactions.
The market, however, passed sluggish trading sessions until Thursday as investors were cautious and taking time to be accustomed with the new trading system.
The last trading session of the week turned out as a comparatively live trading session when many investors were taking position in large-cap scrips, turning the market barometers from red to green.
The general DSEX index of Dhaka Stock Exchange (DSE) finished the day 18.49 points higher at 4856.41 when the blue-chip DS30 gained 4.14 points to 1792.86 and the Shariah DSES rose by 6.95 points to 1144.83.
Among the day’s traded 310 issues, 157 gained, 112 incurred loss and 41 remained unchanged.
Most of the gaining issues were from A-category scrips as investors were looking for comfortable positioning in most active shares.
Resultantly, Quasem Drycell, Fu Wang Food, RAK Ceramic, Square Pharma and Agni System became the most liquid issues.
The major advancing issues were Eastern Insurance, Sonali Ansh, BEDL, EBLNRBMF and Monno Staff when the major losers included Shyampur Sugar, Gemini Sea, MBL1stMF, Western Marine Shipyard and 7th ICB.
The daily turnover remained at low level despite the positive trend because of cap-group concentrated transaction.
Some 5.98 crore shares worth Taka 231.32 crore changed hands at the last trading session of the week, but, indices rose on higher trading of large-cap group.
Market analysts said the market showed little strength at the week’s concluding session because many investors became accustomed with the new trading system.
Besides, the changes in the charges of stock trading also acted positively.
DSE authorities on Wednesday revised its charges on stock trading by abolishing ‘hawla’ charges, which refers to the fees on the completion of a trade.
But, share traders would have to pay ‘laga charges’, which is a fee on the turnover generated from an investor’s share transaction.
The changes became necessary to help efficiently run the new trading system, introduced last week.
After hanging in the negative territory for five consecutive trading sessions, Dhaka stocks returned to green zone on Thursday to finish the week positive with all the indices finishing in green.
The stock market experienced an extended downward trend following introduction of a new trading system on December 11.
The new automated trading system was expected to drive turnover upward as it offers online trading of shares at investors’ convenience besides ensuring secure and transparent share transactions.
The market, however, passed sluggish trading sessions until Thursday as investors were cautious and taking time to be accustomed with the new trading system.
The last trading session of the week turned out as a comparatively live trading session when many investors were taking position in large-cap scrips, turning the market barometers from red to green.
The general DSEX index of Dhaka Stock Exchange (DSE) finished the day 18.49 points higher at 4856.41 when the blue-chip DS30 gained 4.14 points to 1792.86 and the Shariah DSES rose by 6.95 points to 1144.83.
Among the day’s traded 310 issues, 157 gained, 112 incurred loss and 41 remained unchanged.
Most of the gaining issues were from A-category scrips as investors were looking for comfortable positioning in most active shares.
Resultantly, Quasem Drycell, Fu Wang Food, RAK Ceramic, Square Pharma and Agni System became the most liquid issues.
The major advancing issues were Eastern Insurance, Sonali Ansh, BEDL, EBLNRBMF and Monno Staff when the major losers included Shyampur Sugar, Gemini Sea, MBL1stMF, Western Marine Shipyard and 7th ICB.
The daily turnover remained at low level despite the positive trend because of cap-group concentrated transaction.
Some 5.98 crore shares worth Taka 231.32 crore changed hands at the last trading session of the week, but, indices rose on higher trading of large-cap group.
Market analysts said the market showed little strength at the week’s concluding session because many investors became accustomed with the new trading system.
Besides, the changes in the charges of stock trading also acted positively.
DSE authorities on Wednesday revised its charges on stock trading by abolishing ‘hawla’ charges, which refers to the fees on the completion of a trade.
But, share traders would have to pay ‘laga charges’, which is a fee on the turnover generated from an investor’s share transaction.
The changes became necessary to help efficiently run the new trading system, introduced last week.
