FE Report
Dhaka stocks gained Tuesday after four consecutive days' fall as institutional buyers were active on available attractive price of shares.
Market insiders said many institutional investors cashed on low price of shares in almost every sector including bank, insurance and textiles.
The benchmark index of the Dhaka Stock Exchange (DSE)---DGEN gained 67.98 points or 1.26 per cent to close at 5444.28 on the day.
The broader All Shares Price Index (DSI) gained 56.98 points or 1.27 per cent to close at 4534.96. The DSE-20 index comprising blue-chip shares also gained 42.73 points or 1.20 per cent to close at 3595.85.
The market opened with a positive note Tuesday and heavy buying pressure continued until 1am. After that sell pressure gripped the market and at the end of session DGEN closed 67.98 points higher.
Akhter H Sannamat, a market analyst, said market got positive momentum following finance minister's statement at the Jatiya Sangsad on the present situation of the stock market.
But it is not sure that this positive trend will continue in near future as market is now facing liquidity crisis, he added.
"Bangladesh Bank (BB) can take the pivotal role by extending deadline of AD (Advance-Deposit) adjustment ratio of banks. Banks are now unable to extend loan facilities due to the BB obligation regarding AD ratio", he mentioned.
BB should also consider slashing the mandatory CRR and SLR of banks in order to give little breathe to the banks, he further added.
Meanwhile, the gainers took strong lead over the losers as out of 261 issues traded on the day, 216 advanced, 39 declined and six remained unchanged.
Turnover volume, in value term, remained almost same as the previous day and stood at Tk 3.49 billion against Monday's Tk 3.44 billion.
MI Cement topped the turnover list with shares worth Tk 115.01 million changed hands.
The other turnover leaders were Aftab Auto, Beximco, United Air, PLFSL, Titas Gas, Bextex, Meghna Life, BSRM and Golden Son.
Meghna Cement emerged as the top gainers of the day. The other top gainers were Aramit Cement, Imam Button, Janata Insurance, Republic Insurance, CMC Kamal, Rahima Food, Dacca Dyeing, Mithun Knitting and Desh Garments.
Southeast Bank MF topped the losers' list. The list included Northern Jute, ICB 1st NRB, Modern Dyeing, IFIC, Islami Insurance, BEDL, Green Delta MF, Al-Arafah Islamic Bank 1st M.F and Mercantile Insurance.
A total of 38.69 million shares changed hands on the day against 39.80 million in the previous session. The trade deals also decreased to 102,945 against Monday's 103,063.
Total market capitalisation came down to Tk 2570.37 billion against Tk 2544.54 billion in the previous session.
Dhaka stocks gained Tuesday after four consecutive days' fall as institutional buyers were active on available attractive price of shares.
Market insiders said many institutional investors cashed on low price of shares in almost every sector including bank, insurance and textiles.
The benchmark index of the Dhaka Stock Exchange (DSE)---DGEN gained 67.98 points or 1.26 per cent to close at 5444.28 on the day.
The broader All Shares Price Index (DSI) gained 56.98 points or 1.27 per cent to close at 4534.96. The DSE-20 index comprising blue-chip shares also gained 42.73 points or 1.20 per cent to close at 3595.85.
The market opened with a positive note Tuesday and heavy buying pressure continued until 1am. After that sell pressure gripped the market and at the end of session DGEN closed 67.98 points higher.
Akhter H Sannamat, a market analyst, said market got positive momentum following finance minister's statement at the Jatiya Sangsad on the present situation of the stock market.
But it is not sure that this positive trend will continue in near future as market is now facing liquidity crisis, he added.
"Bangladesh Bank (BB) can take the pivotal role by extending deadline of AD (Advance-Deposit) adjustment ratio of banks. Banks are now unable to extend loan facilities due to the BB obligation regarding AD ratio", he mentioned.
BB should also consider slashing the mandatory CRR and SLR of banks in order to give little breathe to the banks, he further added.
Meanwhile, the gainers took strong lead over the losers as out of 261 issues traded on the day, 216 advanced, 39 declined and six remained unchanged.
Turnover volume, in value term, remained almost same as the previous day and stood at Tk 3.49 billion against Monday's Tk 3.44 billion.
MI Cement topped the turnover list with shares worth Tk 115.01 million changed hands.
The other turnover leaders were Aftab Auto, Beximco, United Air, PLFSL, Titas Gas, Bextex, Meghna Life, BSRM and Golden Son.
Meghna Cement emerged as the top gainers of the day. The other top gainers were Aramit Cement, Imam Button, Janata Insurance, Republic Insurance, CMC Kamal, Rahima Food, Dacca Dyeing, Mithun Knitting and Desh Garments.
Southeast Bank MF topped the losers' list. The list included Northern Jute, ICB 1st NRB, Modern Dyeing, IFIC, Islami Insurance, BEDL, Green Delta MF, Al-Arafah Islamic Bank 1st M.F and Mercantile Insurance.
A total of 38.69 million shares changed hands on the day against 39.80 million in the previous session. The trade deals also decreased to 102,945 against Monday's 103,063.
Total market capitalisation came down to Tk 2570.37 billion against Tk 2544.54 billion in the previous session.
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