Buoyant investors drive up DSE turnover to 16-month high

Turnover of the Dhaka bourse on Sunday hit a 16-month high, riding on investors' increased participation in stocks of the major sectors.
On the day, investors' buying appetite was observed across the trading floor.
The major sectors such as engineering, general insurance and pharmaceuticals & chemicals played a pivotal role in share transactions worth Tk 15.8 billion, 41 per cent up from the previous session.
Investors' participation in general insurance rose 85 per cent on Sunday, compared to the previous session, while the turnover in the engineering sector increased 17 per cent.
EBL Securities in a market review said buyers remained predominant throughout the session as they opted to take fresh positions in equities considering the persistently upbeat vibe in the market.
Higher participation also helped a majority of the listed securities to experience appreciation, leading to a sharp rise in the DSE broad index DSEX.
The market opened the day's session with a positive note and the DSEX almost continued a steady movement until the closure.
At the end of the session, the DSEX settled at 6280 points with a rise of 10.07 per cent or 66.74 points.
The blue chip companies having a significant share in the broad index pulled up the DSEX.
Of the 30 blue chips, 19 experienced appreciation. The companies included Square Pharmaceuticals, Heidelberg Cement, Marico Bangladesh and LafargeHolcim Bangladesh.
Most of the top 10 index pullers were banks. They included IFIC Bank, BRAC Bank, The City Bank, Eastern Bank, and Mercantile Bank.
Following the appreciation of the majority of blue chip companies, DS30 index advanced 0.37 per cent or 7.92 points to 2124.69 points.
Out of the total issues traded, 321 scrips closed in the green zone, 44 in the red and 30 remained unchanged.
Kattali Textile was the number one gainer with a rise of 10 per cent, followed by Bangladesh Finance, Aman Cotton Fibrous, and Titas Gas Transmission & Distribution Company.
Jute Spinners was the number loser, having declined 5.83 per cent.
Fu Wang Food was the most traded stock, with a transaction volume of Tk 692 million, followed by Khulna Printing & Packaging, and Fortune Shoes.
CASPI, benchmark index of the Chittagong Stock Exchange (CSE), on Sunday advanced 1.24 per cent or 218 points to close at 17844 points.
Of the 294 issues traded, 226 advanced, 48 declined and 20 were unchanged and the port city bourse posted a turnover of Tk 186.19 million.

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