FE Report
The Dhaka Stock Exchange (DSE) experienced the highest turnover, in value terms, in two months Tuesday as investors opted for fresh buying considering available attractive prices of shares before announcement of national budget.
Due to larger participation of the investors, turnover volume increased substantially to Tk 8.77 billion, up by 30.89 per cent, from Tk 6.70 billion in the previous session which was two months high since April 4. On April 4, the turnover volume was Tk 12.24 billion.
The investors' participation has been increasing gradually as the present market trend enhanced their confidence level and they pouring fresh fund expecting that there will be no negative news in the budget and the market would be more stable after budget, said a stock broker.
The news of a meeting between Bangladesh Bank (BB) and Bangladesh Association of Banks (BAB) regarding liquidity crisis in the money market also made investors positive as they were expecting positive outcome of the meeting, said a merchant banker.
The central bank and BAB officials held a meeting Tuesday evening at the central bank to find out ways to overcome ongoing liquidity crisis in the money market.
Meanwhile, the market opened with a positive note, gaining more than 140 points within 30 minutes of resumption of trading. The upbeat mood continued throughout the session amid moderate ups and downs and finally closed 97 points higher.
The benchmark DSE General Index (DGEN), main gauge of the market ended at 5,941.77, rising 97.04 points or 1.66 per cent.
In the last four consecutive sessions, the benchmark DGEN rose 283 points.
The broader All Shares Price Index (DSI) went up by 79.11 points or 1.62 per cent to close at 4,942.13. The DSE-20 index comprising blue-chip shares also rose 71.79 points or 1.86 per cent to close at 3,916.19.
Capital market analyst Akter H Sannamat said that participation of small and institutional investors is increasing in the market as their confidence is being boosted following central bank and government's efforts to restore normalcy in the market.
"The investors also pouring fresh fund expecting the market would be more stable after the budget announcement," Mr Sannamat said.
However, he said the central bank should take more initiatives to increase liquidity flow in the capital market.
Though the upbeat mood continued, a group of investors---under the banner of 'Bangladesh Sharebazar Oikkyo Parishad' observed sit-in programme in front of the DSE Building demanding capital market-friendly budget.
They also demanded to give opportunity to invest undisclosed money in the share market as the market suffered liquidity crisis.
A total of 102.74 million shares changed hands on the day against 74.72 million in the previous session. The trade deals also increased to 216,352 against Monday's 171,482.
Total market capitalisation of the DSE also increased to Tk 2,744.81 billion against Tk 2,712.38 billon in the previous session.
Out of 260 issues traded, 146 advanced, 107 declined and six remained unchanged.
Banking issues, which make up more than one-third of the market capitalisation, gained 4.18 per cent on the day.
Grameenphone, the most weighted shares in the DSE, gained 0.68 per cent on the day.
Among other sectors, IT gained 6.16 per cent, NBFIs 0.76 per cent, ceramics 1.59 per cent, textile 1.19 per cent and fuel and power 0.16 per cent.
Pharmaceuticals sector lost 0.14 per cent, while Cement 1.01 per cent, general insurance 0.67 per cent and life insurance 0.37 per cent.
Aftab Automobiles topped the turnover list with shares worth Tk 385.82 million changed hands.
Other turnover leaders were UCBL, United Airways, National Bank, MI Cement, LankaBangla Finance, Eastern Housing, BSRM Steels, Titas Gas and City Bank.
Pubali Bank was the day's highest gainer posting 9.56 per cent gain on the day.
It was followed by Agni Systems Ltd, Uttara Bank, Aftab Automobiles, UCBL, First Security Islami Bank, Eastern Bank, National Bank, Information Services Network and Dhaka Bank.
The day's top losers included Meghna Pet, Eastern Cables, Renwick Jajneswar, Standard Ceramics, Samata Leather, Eastern Housing, United Airways, GQ Ball Pen, Miracle Industries and Dulamia Cotton.
The Dhaka Stock Exchange (DSE) experienced the highest turnover, in value terms, in two months Tuesday as investors opted for fresh buying considering available attractive prices of shares before announcement of national budget.
Due to larger participation of the investors, turnover volume increased substantially to Tk 8.77 billion, up by 30.89 per cent, from Tk 6.70 billion in the previous session which was two months high since April 4. On April 4, the turnover volume was Tk 12.24 billion.
The investors' participation has been increasing gradually as the present market trend enhanced their confidence level and they pouring fresh fund expecting that there will be no negative news in the budget and the market would be more stable after budget, said a stock broker.
The news of a meeting between Bangladesh Bank (BB) and Bangladesh Association of Banks (BAB) regarding liquidity crisis in the money market also made investors positive as they were expecting positive outcome of the meeting, said a merchant banker.
The central bank and BAB officials held a meeting Tuesday evening at the central bank to find out ways to overcome ongoing liquidity crisis in the money market.
Meanwhile, the market opened with a positive note, gaining more than 140 points within 30 minutes of resumption of trading. The upbeat mood continued throughout the session amid moderate ups and downs and finally closed 97 points higher.
The benchmark DSE General Index (DGEN), main gauge of the market ended at 5,941.77, rising 97.04 points or 1.66 per cent.
In the last four consecutive sessions, the benchmark DGEN rose 283 points.
The broader All Shares Price Index (DSI) went up by 79.11 points or 1.62 per cent to close at 4,942.13. The DSE-20 index comprising blue-chip shares also rose 71.79 points or 1.86 per cent to close at 3,916.19.
Capital market analyst Akter H Sannamat said that participation of small and institutional investors is increasing in the market as their confidence is being boosted following central bank and government's efforts to restore normalcy in the market.
"The investors also pouring fresh fund expecting the market would be more stable after the budget announcement," Mr Sannamat said.
However, he said the central bank should take more initiatives to increase liquidity flow in the capital market.
Though the upbeat mood continued, a group of investors---under the banner of 'Bangladesh Sharebazar Oikkyo Parishad' observed sit-in programme in front of the DSE Building demanding capital market-friendly budget.
They also demanded to give opportunity to invest undisclosed money in the share market as the market suffered liquidity crisis.
A total of 102.74 million shares changed hands on the day against 74.72 million in the previous session. The trade deals also increased to 216,352 against Monday's 171,482.
Total market capitalisation of the DSE also increased to Tk 2,744.81 billion against Tk 2,712.38 billon in the previous session.
Out of 260 issues traded, 146 advanced, 107 declined and six remained unchanged.
Banking issues, which make up more than one-third of the market capitalisation, gained 4.18 per cent on the day.
Grameenphone, the most weighted shares in the DSE, gained 0.68 per cent on the day.
Among other sectors, IT gained 6.16 per cent, NBFIs 0.76 per cent, ceramics 1.59 per cent, textile 1.19 per cent and fuel and power 0.16 per cent.
Pharmaceuticals sector lost 0.14 per cent, while Cement 1.01 per cent, general insurance 0.67 per cent and life insurance 0.37 per cent.
Aftab Automobiles topped the turnover list with shares worth Tk 385.82 million changed hands.
Other turnover leaders were UCBL, United Airways, National Bank, MI Cement, LankaBangla Finance, Eastern Housing, BSRM Steels, Titas Gas and City Bank.
Pubali Bank was the day's highest gainer posting 9.56 per cent gain on the day.
It was followed by Agni Systems Ltd, Uttara Bank, Aftab Automobiles, UCBL, First Security Islami Bank, Eastern Bank, National Bank, Information Services Network and Dhaka Bank.
The day's top losers included Meghna Pet, Eastern Cables, Renwick Jajneswar, Standard Ceramics, Samata Leather, Eastern Housing, United Airways, GQ Ball Pen, Miracle Industries and Dulamia Cotton.
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