DSE turnover crosses Tk 10b-mark
Friday, 13 April 2012
FE Report
The turnover value at the Dhaka Stock Exchange (DSE) Thursday crossed Tk 10 billion-mark, for the first time in 2012, amid growing confidence and participation of the investors.
The turnover value of the country's premier bourse stood at Tk 10.78 billion at the end of the day's trading session. It was the highest since July 31, 2011, when it was recorded Tk 13.41 billion.
The benchmark DSE General Index (DGEN) ended at 5,343.59, rising 116.98 points or 2.23 per cent. The DGEN has crossed 5,300-level for the first time since January 8, 2012.
Of the 263 issues traded, 182 advanced, 69 declined and 12 remained unchanged.
Market insiders said participation of the investors is gradually increasing, following the ongoing positive market trend, as reflected in higher turnover value.
Md Moniruzzaman, managing director of IDLC Investments Limited, said participation of the investors is increasing in recent days, as they are becoming confident, which contributed to higher turnover value.
"Participation of both retail and institutional investors has increased, and they are showing interest in fundamentally strong stocks," said Mr Moniruzzaman.
The investors have become matured and are behaving rationally that is also a good sign for the market, he added.
A B Mirza Azizul Islam, former finance adviser to caretaker government, said the market is moving on the right track, as the investors' confidence has boosted up, following the ongoing positive market trend.
However, he emphasised offloading shares of more companies through IPO (initial public offering) to increase the market depth.
A stock broker said the market uptrend continued for the last few days, and it surged further following the Securities and Exchange Commission's (SEC) ruling out the rumour of extending the deadline regarding sponsor-directors' share purchase.
Investors are actively injecting fresh funds, expecting better return, as the market is showing stability for the last few weeks, he said.
The sponsors-directors' share purchase for complying with the SEC's directive also contributed to higher turnover value, he added.
The turnover value at the Dhaka Stock Exchange (DSE) Thursday crossed Tk 10 billion-mark, for the first time in 2012, amid growing confidence and participation of the investors.
The turnover value of the country's premier bourse stood at Tk 10.78 billion at the end of the day's trading session. It was the highest since July 31, 2011, when it was recorded Tk 13.41 billion.
The benchmark DSE General Index (DGEN) ended at 5,343.59, rising 116.98 points or 2.23 per cent. The DGEN has crossed 5,300-level for the first time since January 8, 2012.
Of the 263 issues traded, 182 advanced, 69 declined and 12 remained unchanged.
Market insiders said participation of the investors is gradually increasing, following the ongoing positive market trend, as reflected in higher turnover value.
Md Moniruzzaman, managing director of IDLC Investments Limited, said participation of the investors is increasing in recent days, as they are becoming confident, which contributed to higher turnover value.
"Participation of both retail and institutional investors has increased, and they are showing interest in fundamentally strong stocks," said Mr Moniruzzaman.
The investors have become matured and are behaving rationally that is also a good sign for the market, he added.
A B Mirza Azizul Islam, former finance adviser to caretaker government, said the market is moving on the right track, as the investors' confidence has boosted up, following the ongoing positive market trend.
However, he emphasised offloading shares of more companies through IPO (initial public offering) to increase the market depth.
A stock broker said the market uptrend continued for the last few days, and it surged further following the Securities and Exchange Commission's (SEC) ruling out the rumour of extending the deadline regarding sponsor-directors' share purchase.
Investors are actively injecting fresh funds, expecting better return, as the market is showing stability for the last few weeks, he said.
The sponsors-directors' share purchase for complying with the SEC's directive also contributed to higher turnover value, he added.