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DSE daily turnover crosses Tk 20b-mark again---

Stocks end sharply higher, led by banking, financial institutions


FE REPORT | June 22, 2021 00:00:00


The daily trade turnover on the Dhaka Stock Exchange (DSE) crossed Tk 20 billion-mark again on Monday, after remaining below in the past two consecutive sessions.

The turnover stood at Tk 20.43 billion on the country's premier bourse, up by 11.35 per cent over the previous day's tally of Tk 18.35 billion.

Along with rising turnover, stocks ended sharply higher as optimistic investors showed their buying spree on major sector stocks.

The market opened sharply higher and the upward trend continued until the end of the session led by banking, financial institutions and textile sector stocks.

DSEX, the prime index of the DSE, went up by 56 points or 0.92 per cent to settle at 6,125, which was the highest in nearly 41 months.

Major sectors posted gain with the textile sectorgenerated the highest return of 5.30 per cent, followed by heavyweight banking with 1.80 per cent, financial institutions 1.78 per cent, pharma 0.90 per cent, food 0.70 per cent, engineering 0.70 per cent and telecom 0.20 per cent.

On the other hand, general insurance, power and life insurance sectors suffered losses of 2.10 per cent, 0.80 per cent and 0.10 per cent respectively.

Gainers took a strong lead over the losers, as out of 372 issues traded, 224 advanced, 119 declined and 29 issues remained unchanged on the DSE trading floor.

Beximco - the flagship company of Beximco Group- topped the turnover chart with shares worth Tk 1.12 billion changing hands, followed by Malek Spinning (Tk 638 million), National Feed Mills (Tk 607 million), Makson Spinning (Tk 574 million) and Fortune Shoes (Tk 505 million).

Alif Industries was the day's top gainer, posting a 9.91 per cent gain while Sea Pearl Beach was the worst loser for the two consecutive days, losing further by 9.89 per cent.

A total number of 291,726 trades were executed in the day's trading session with a trading volume of 634.02 million shares and mutual fund units.

The Chittagong Stock Exchange (CSE) also ended sharply higher with the CSE All Share Price Index - CASPI -soaring 178 points to settle at 17,762 and the Selective Categories Index - CSCX-- rising 106 points to close at 10,689.

Of the issues traded, 195 advanced, 96 declined and 18 remained unchanged on the CSE.

The port city's bourse traded 29.54 million shares and mutual fund units with turnover value of Tk 794 million.

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