Daily trade turnover on Dhaka Stock Exchange (DSE) surpassed Tk 29 billion-mark on Monday, after more than 10 years since the country's stock market crashed in 2010.
Turnover, a crucial indicator of the market, stood at Tk 29.39 billion on the country's premier bourse, a 17 per cent rise over previous day's tally of Tk 25.12 billion.
It happens to be the second biggest single-day transaction on the Dhaka bourse's history. The all-time-high turnover was Tk 32.49 billion recorded on December 5, 2010, when the market saw a bull run before a crash.
Market experts said the market holds its firm position as buying spree added strength to the equity indices although move to mop-up excess liquidity and rise of interest rate on term deposits made investors anxious in the morning.
The buoyant investors are putting fresh funds on stocks anticipating positive momentum further after the Bangladesh Bank unveiled another expansionary monetary policy for this fiscal year, they said.
Investors are rushing towards the capital market amid lower returns on the money market and limited scope of investment in other instruments, said a merchant banker.
He noted that continuous growth in turnover pushed investors' confidence high and high volume suggested that institutional investors were largely active in the market.
DSEX, the prime index of the DSE, rose 32.06 points or 0.48 per cent to settle at 6,628, the highest since its inception more than eight years back on January 27, 2013. DSEX added 248 points in the past six straight sessions.
Two other indices --the DS30 index and the DSE Shariah Index (DSES) -- followed the suit to close at record high of 2,392 and 1,452, after gaining 6.73 points and 12.76 points respectively.
The market capitalisation of the DSE also hit a fresh all-time high at Tk 5,455 billion on Monday, surpassing the previous day's record high of Tk 5,443 billion.
The market nosedived at the opening as the risk-averse investors dumped their holdings to book profits on quick-gaining general insurance, life insurance, mutual fund, bank and financial institution sectors.
However, active presence of the bargain hunters in June ending stocks helped the benchmark index to close green.
Among the major sectors, power generated the highest return of 2.20 per cent, followed by pharmaceuticals with 1.30 per cent, textile 1.28 per cent and food 0.40 per cent.
On the other hand, general insurance saw the highest correction, losing 2.70 per cent, followed by banking with 0.90 per cent, financial institutions 0.80 per cent and telecommunication 0.20 per cent.
Gainers took a modest lead over the losers, as out of 374 issues traded, 181 advanced, 173 declined and 20 remained unchanged on the Dhaka bourse.
Beximco - the flagship company of Beximco Group-topped the turnover list with shares worth Tk 1.53 billion changing hands, followed by Orion Pharma (Tk 716 million), IFIC Bank (Tk 607 million), National Polymer (Tk 543 million) and GPH Ispat (Tk 526 million).
Low-cap companies continued to dominate the gainers' list with VFS Tread Dyeing was the best performer, posting a gain of 10 per cent while Northern Islami Insurance was the worst loser, losing 6.46 per cent.
The Chittagong Stock Exchange also kept rising with its All Shares Price Index (CASPI)-soaring 101 points to finish at 19,289 while the Selective Categories Index - CSCX rising 60 points to close at 11,574.
Of the issues traded, 157 advanced, 144 declined and 20 issues remained unchanged on the CSE.
The port city bourse traded 54.22 million shares and mutual fund units with turnover value of Tk 1.28 billion.
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