Upbeat trading takes DSE turnover to 3-month high

block

BSS, Dhaka :
Share investors were prominently seen upbeat in trading at the Dhaka Stock Exchange (DSE) on Monday, the second session after a long Eid holiday, taking the daily turnover to a three-month high.
The daily trade volume surged to 11.59 crore shares, the highest daily volume after 12.46 crore on April 24 this year. The value of daily trade also followed the suit with a substantial increase to Taka 560.49 crore, also three-month high after Taka 673.60 crore on April 24.
Unlike on Sunday, all the three major price indices ended the day positive with significant recovery. DSEX, the prime index, rose to 4467.00 with over 1.0 percent or 46.38 points rise. The blue-chip DS30 advanced by 1.46 percent or 23.89 points to 1654.99 and the Shariah DSES by 1.41 percent or 14.22 points to 1022.47.
The market was predominantly for sellers as most of the traded issues were traded at higher prices than Sunday’s close. Among the traded 298 issues, 179 gained, 81 incurred loss and 38 remained static.
IT, textile, engineering and power and fuel were among the top five advancing sectors when non-banking financial issues suffered major losses.
Share prices of Far Chemical suffered over 5.0 percent fall on Monday after the Bangladesh Securities and Exchange Commission (BSEC) formed an enquiry committee to investigate into unusual price increase in shares of this company.
Like some of the previous trading sessions, investors remained focused on high performing companies on the basis of their disclosure of healthy half-yearly earning. Market analysts observed that the high-cap concentration of investors drove the transaction to three-month high.

block