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DSE key index crosses 5100-mark after one yr

The core index surges 27pc since reopening of the mkt on May 31


FE REPORT | September 16, 2020 00:00:00


The key index of the main bourse crossed the 5,100-mark after more than a year on Tuesday.

The stocks posted a marginal gain on the day after extreme volatility.

DSEX, the prime index of the DSE, went up by 8.40 points or 0.16 per cent to settle at 5,100.54 points. It was the highest level of the benchmark index in more than one year since August 28, 2019.

The DSE key index surged 1,092 points or 27 per cent since the market reopened on May 31, 2020 after closure of 66-day due to the virus pandemic.

The market capitalisation added Tk 740 billion during the period under review to reach at Tk 3,862 billion on Tuesday.

Market operators said the market passed another volatile session as investors oscillated between optimism and profit booking stance throughout the session.

However, the optimistic investors continued their buying binge on sector-wise issues, driven by regulatory moves and resumption of economic activities, they said.

According to EBL Securities, investors' perception remained positive on the market based on regulatory stances taken for the interest of investors while CDBL data showed that new investors are entering to pour fresh fund into the market to make profit out of the prolonged bullish vibe.

The cautious investors preferred to book quick-gain following the recent price upsurge while optimistic investors continued their buying binge riding on regulatory moves, said a leading broker.

Two other indices also edged higher. The DS30 index, comprising blue chips, gained 5.33 points to finish at 1,761 and the DSE Shariah Index advanced 0.14 point to close at 1,170.

Turnover, a crucial indicator of the market, came down below Tk 10 billion-mark and amounted to Tk 9.95 billion, which was 13 per cent lower than the previous day's turnover of Tk 11.48 billion.

Major sectors showed mixed performance. Telecom, non-bank financial institutions and banking sectors suffered losses, losing 0.90 per cent, 0.80 per cent and 0.30 per cent respectively.

On the other hand, food, engineering and power sectors witnessed price hikes, gaining 3.20 per cent, 0.80 per cent and 0.60 per cent respectively.

Losers outnumbered the gainers, as out of 355 issues traded, 174 closed lower, 128 ended higher while 53 issues remained unchanged on the DSE trading floor.

A total number of 206,287 trades were executed in the day's trading session with a trading volume of 365.12 million shares and mutual fund units.

The market-cap on the premier bourse rose to Tk 3,862 billion on Tuesday, from Tk 3,852 billion in the previous session.

The pharmaceuticals sector continued to dominate the turnover chart with Beximco Pharma topped the chart with shares worth Tk 323 million changing hands, followed by Beximco, Brac Bank, Orion Pharma and Orion Infusion.

Asia Insurance was the best performer, posting a gain of 9.94 per cent while Shympur Sugar Mills was the worst loser, losing 9.90 per cent.

The Chittagong Stock Exchange also nudged higher with its All Shares Price Index (CASPI) -- gaining 13 points to close at 14,527 and the Selective Categories Index -- CSCX advancing 16 points to close at 8,739.

Of the issues traded, 149 gained, 88 declined and 39 remained unchanged on the CSE.

The port city bourse traded 16.27 million shares and mutual fund units with turnover value of Tk 261 million.

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