Strong buying support boosts shares

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FE Report
The Dhaka Stock Exchange (DSE) witnessed a bullish trend in the week that ended Thursday boosted by strong participation of the investors, with the turnover registering 30.30 per cent up.
The pulse of the premier bourse remained rigorous in the week because of strong buying support both from institutional and retail investors, before taking a break of long nine days starting from Friday.
The DSE will resume the trade on October 5 after Eid-ul-Fitr vacation.
All the market barometers - the benchmark DSE General Index (DGEN), All Shares Price Index (DSI) and the DSE-20 comprising blue chips- climbed 128.28 points, 101.64 points and 82.43 points to close at 2966.81, 2498.45 and 2466.11 respectively.
The DSE market capitalisation set record hitting Tk 1.03 trillion in the week on the back of the First Security Bank Limited debut at the DSE on last Monday.
The bank added Tk 2.3 billion with the present market capitalization of the bourse.
The previous week's market capitalisation was Tk 991.00 billion.
Out of 289 issues, 153 advanced, 80 declined, 13 remained unchanged and 43 were not traded in the week.
The daily average turnover climbed to Tk 4.19 billion against the previous week's Tk 3.22 billion.
The investors ran after the stocks assuming good returns after the long vacations, according to the market operators. This year it is different as substantial funds have been invested just before the Eid festival while usually it is the other way round, they noted.
However, a market expert said the investors have defied the usual festival-time behaviuor, showing a mentality of high-stake gambling to recoup their losses.
Trading of the state-owned Titas Gas dominated for the eighth straight week. It topped the turnover leader position with shares worth Tk 1.46 billion traded and accounted for about 6.96 per cent of the week's total market turnover at the prime bourse.
Beximco Pharma was the second top turnover leader, accounting for 6.38 per cent of the total turnover, with shares worth Tk 1.33 billion changing hands.
ACI Ltd, Beximco Limited, GrameenS2 Mutual Fund, AIMS First Mutual Fund, ICB AMCL Second NRB Mutual Fund, Summit Power, Lankabangla Finance Company Limited and Square Pharma were the other turnover leaders.
In the week, Glaxo SmithKline was the top gainer posting a 60.02 per cent rise, followed by Beximco Fisheries 39.66 per cent, Saleh Carpet 38.24 per cent, Golden Son 37.93 per cent, Shinepukur Holdings 33.60 per cent, Beximco Ltd 30.50 per cent, BSC 26.73 per cent, Summit Power 24.85 per cent, Bd Wielding 22.22 per cent and BD Thai Aluminum 21.78 per cent.
The Agni System Limited posted the biggest fall of 16.93 per cent on the news that it failed to win a licence to operate the WiMax or Broadband Wireless Access service.
Safko Spinnings, BLTC, Perfume Chemicals, Maq Paper, Padma Printers, BCIL, Desh Garments, BD Computer Online Ltd and United Insurance were the other week's top losers.
The A-category issues accounted for 81.31 per cent of the total turnover in value during the week, while B-category issues shared 0.47 per cent, N-category 15.27 per cent and Z-category 2.95 per cent.