DSE turnover rises 44.76pc

Stocks returned to the green Tuesday, a day after normal correction with improving turnover as a section of investors took fresh position anticipating short-term rally in coming days.
However, the presence of investors on the trading floor was thin because of ongoing blockade along with countrywide hartal enforced by BNP-led opposition alliance. Many investors executed trade over phone. Meanwhile, the market started in a positive note in the morning and the upward trend continued to the market closure and the end of the session, the prime index of the Dhaka Stock Exchange (DSE) - DSEX ended at 4,330.63 points, gaining 34.28 points or 0.79 per cent from previous session. The DS30 index, including blue chips also advanced 10.41 points or 69 per cent to close the session at 1,516.44 points. Turnover value on the DSE stood at Tk 4.56 billion, registering 44.76 per cent rise over the previous session’s value of Tk 3.15 billion. Gainers beat losers 212 to 46, with 28 issues closed unchanged on the DSE floor. Activities increased in the prime bourse. A total of 0.111 million trades were executed with 100.21 million shares and mutual fund units were trading volume. The market capitalization of the DSE stood at Tk 2,683.99 billion against Tk 2,668.39 billion in the previous session. Summit Purbanchol Power Company dominated the top turnover chart with shares worth Tk 259.52 million changing hands followed by Golden Son, LankaBangla Finance, Summit Power and Generation Next Fashion. National Tubes was the day’s highest gainer, posting a rise of 9.76 per cent rise while Bay Leasing was the day’s worst losers, slumping by 4.52 per cent. The Chittagong Stock Exchange (CSE) also ended higher, with its Selective Categories Index – CSCX gained 71.36 points to close at 8,508.06 points. Gainers beat losers 133 to 53, with 25 issues remaining unchanged at the port city bourse that traded 11.20 million shares and mutual fund units, turnover value of Tk 452.24 million.