Highest DSE turnover in 5 years
16 January 2017, Nirapad News: Owing to active participation of retail and institutional investors, the daily turnover value at Dhaka Stock Exchange (DSE) on Monday crossed Taka 18 billion. This is the highest turn over in over five years. The trade value at the close of Monday’s trade stood at Taka 18565.2 million, which was the highest after 25 July 2011 when the transaction value was Taka 18823.5 million.
The year witnessed a crash in the market for the second time after the 1996 share market scam.
The DSE trade volume also surged to a new high when it closed at 672.9 million shares on Monday. The record transaction supported the price indices of the bourse to reach a new high.
DSEX, the major index of DSE, added 55.07 points at close to finish the day at 5477.86. The DSES for Shariah based securities and the DS30 for blue-chip shares also followed the same trend though with marginal rise to end at 1260.85 and 1944.48 respectively. The upward movement of the indices was also supported by high turnover and bullish trend in trading of large-cap securities including banking issues.
“Since bank sector has the highest market cap with high proportion of free-float, the gain of this sector along has majorly contributed to the upward movement of the index regardless of 170 stock being declined,” said Lanka Bangla Securities Limited (LBSL). Besides bank, fuel and power and telecom were the major advancing sectors when the major lagging sectors included life insurance, services and real-estate and travel and leisure.
The market was heavily in favour of sellers when out of 328 traded issues, 139 gained and 170 incurred losses.
The day’s major gainers were BD Auto Cars, Baraka Power, Exim Bank, Islami Bank and Central Pharma. The day’s major losers were CAPM BDBL Mutual Fund, Modern Dying, National Tubes, K&Q and National Tea Company. Beximco Limited topped the turnover leaders followed by Baraka Power, Lanka Bangla Finance, National Bank, Ifad Autos and Islami Bank.
Chittagong Stock Exchange (CSE) also followed the same trend with its CASPI index gaining 173.64 points to end at 16871.93.
The daily trade value rose to Taka 1054.0 million and the volume was 45.0 million shares.