Trade turnover on Dhaka Stock Exchange (DSE) exceeded Tk 12 billion-mark again on Wednesday as the enthusiastic investors put fresh stakes on stocks riding on new hopes.
The turnover stood at Tk 12.01 billion on the country's premier bourse, climbing by 55 per cent over previous day's mark of Tk 7.77 billion.
It was the biggest single-day transactions in two weeks since August 17, when the turnover totalled a record Tk 14.08 billion.
Of the total turnover on Wednesday, Tk 2.85 billion came from block trade board and Beximco Pharmaceuticals alone accounted for Tk 2.56 billion in block trade.
Meanwhile, the Bangladesh Securities and Exchange Commission (BSEC) has directed all concerned to refrain from spreading any prediction or price forecasting or undisclosed information in any forms including social media, otherwise the BSEC will take legal actions as per securities laws as well as digital security act-2018.
The securities regulator also issued a directive on Wednesday to all persons/entities concerned that are directly or indirectly related to or associate with the securities market, refrained from using name of BSEC, DSE or CSE and their logo with the profile or page of individual or group of any forms including social media.
Along with rising turnover, DSEX, the core index of DSE, rebounded in positive territory after a single-day break as buoyant investors went on buying shares riding on the regulatory steps to ensure accountability of the market stakeholders.
DSEX, the prime index of the DSE, went up by 29.30 points or 0.60 per cent to settle at 4,891, which is the highest level of DSEX in 11 months since October 7, 2019.
Market analysts said active presence of the bargain hunters, lower returns on the money market, lucrative price level of listed securities and strong regulatory actions against wrongdoers helped buoy the market.
The optimistic investors showed their buying appetite on large-cap stocks amid growing confidence in the market following the regulator's recent steps to bring discipline in the capital market, said a merchant banker.
He noted that the high net worth individuals, different companies and their subsidiaries having liquid money are injecting fresh funds into the market targeting capital gains as returns from the money market and others instruments have declined.
The share prices of 'Z'-category companies are on the rise, riding on the stock market regulator's latest directive that was revealed on Tuesday. Out of 42 'Z' category companies, prices of 30 companies soared on Wednesday.
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