The daily trade turnover on Dhaka Stock Exchange (DSE) crossed Tk 8.0-billion mark on Monday after six weeks as investors put fresh stakes on stocks.
Turnover, a crucial indicator of the market, stood at Tk 8.03 billion on the country's premier bourse, climbing by 44 per cent over previous day's mark of Tk 5.56 billion.
It was the highest single-day transaction in the six weeks since October 07 last, when the turnover totaled a record Tk 8.44 billion.
Market operators said positive support from the institutional investors including state-run Investment Corporation of Bangladesh (ICB), taking the market turnover above Tk 8.0 billion-mark after six weeks.
Meanwhile, stocks ended almost flat on the day after volatile trading as investors were active both sides of trading fence.
"A section of investors showed their buying appetite on sectors specific issues while some were busy with rebalancing their portfolios based on quarterly earnings results, taking the market in the flat territory," said a leading broker.
The market opened on positive note and core index of the prime bourse rose about 25 points within first 12 minutes of trading. But the rest of the session wiped almost all the initial gains.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,257, advancing 1.04 points or 0.02 per cent over the previous day.
The DS30 index, comprising blue chips, saw a fractional gain of 0.03 point to close at 1853. The DSE Shariah Index also advanced 2.01 points to finish at 1,214.
According to International Leasing Securities, some of the investors were reshuffling their investment based on latest quarterly earnings disclosures, taking the market in the flat zone.
Turnover, another important indicator of the market, crossed Tk 8.0 billion-mark and amounted to Tk 8.03 billion, which was 44 per cent higher than the previous day's turnover of Tk 5.56 billion.
The textile sector dominated the turnover chart, grabbing 26 per cent of the day's total turnover, followed by pharmaceuticals with 16 per cent and power 12 per cent.
A total number of 163,186 trades were executed in the day's trading session with trading volume of 176.16 million securities.
The market capitalisation of the DSE stood at Tk 3,816 billion on the day which was Tk 3,820 billion in the previous day.
Among the majors sectors, telecommunication saw the highest loss of 1.42 per cent, followed by financial institutions with 0.93 per cent, banking 0.25 per cent and power 0.21 per cent.
The food and allied posted the highest gain of 0.60 per cent, followed by pharmaceuticals 0.50 per cent, and engineering 0.21 per cent.
The losers took a modest lead over the gainers as out of 335 issues traded, 157 advanced, 126 declined and 52 remained unchanged on the DSE trading floor.
Saiham Textile topped the DSE turnover chart with 9.31 million shares worth Tk 537 million changing hands.
The other turnover leaders were Intech, United Power, Kattali Textile and Saiham Cotton Mills.
IT Consultants was also the day's best performer, posting a gain of 9.97 per cent while BBS Cables was the worst loser, losing 10 per cent following its price adjustment after record date.
The port city bourse, the Chittagong Stock Exchange, also edged higher with its CSE All Share Price Index - CASPI -advancing 8.0 points to settle at 16,137 and the Selective Categories Index - CSCX -gaining 7.0 points to finish at 9,781.
The losers, however, beat gainers as 118 issues drifted lower, 96 nudged higher and 27 remained unchanged on the CSE.
The port city bourse traded 10.12 million shares and mutual fund units worth more than Tk 320 million in turnover.
© 2024 - All Rights with The Financial Express
