Turnover value on the Dhaka Stock Exchange (DSE) surpassed Tk 7.0 billion-mark for the first time in 2015, hitting six months high due to strong buying pressure.
Daily turnover value soared to Tk 7.10 billion, registering an increase of 6.16 per cent over the previous session's Tk 6.69 billion. It was also the highest turnover since Tk 7.53 billion recorded on November 16, last year.
The market opened mixed and swung between positive and negative territory throughout the session with investors played both sides of the fence.
The benchmark index of the Dhaka Stock Exchange - DSEX - finished at 4,315.99 points, gaining 1.10 points or 0.02 per cent, after previous day's marginal correction.
The two other indices -- DS30 index, comprising blue chips, and DSES index also moved up by 6.48 points and 4.95 points respectively. DS30 closed at 1,630.19 and DSES ended at 1,051.43 points.
Interest rate cut on savings instruments coupled with budgetary expectations and further fall on bank deposit interest rate attracted more sideliners, according to brokers.
"Investors were active on the both fence of the trading pushing the market turnover value to a new high level of above Tk 7.0 billion-mark, which is the highest in last six months," said LankaBangla Securities, a stock broker, in an analysis.
The stock broker said, "Market is greeting the falling interest rate in banking sector following to the decision of interest rate cut on savings certificate".
Interest rates are already on the downturn and will fall further, said Bangladesh Bank Governor. The gap between lending and deposit rates ought to be brought down to 3.0 per cent from the existing level of 5.0 per cent, said the stock broker, quoting newspapers.
IDLC Investments, a merchant bank, said, "Market entered in sideways move, as investors were cautiously weighing investment alternatives".
"While deep discount in multiple issues attracted opportunistic investors from the sideline, mostly negative growth earnings declarations kept valuation timid, making investors to tread discreetly," said the merchant bank.
However, activity growth didn't slow down; rather surge to a six months high of Tk 7.10 riding on volatility.
"Several investors preferred to book quick profit due to the unfavorable quarterly declarations while most others went for position taking on fundamental issues," said International Leasing Securities, a stock broker.
Banks, textile and NBFIs witnessed notable price correction, but large buy pressure in power, ceramics and engineering stocks helped the bourse to close positive, said the International Leasing.
The port city bourse Chittagong Stock Exchange (CSE) also ended marginally higher with its Selective Categories Index - CSCX - gained 21.20 points to close at 8,154.30 points.
Losers beat gainers 140 to 75, with 16 issues remaining unchanged at the port city bourse that traded 20.11 million shares and mutual fund units, turnover value of Tk 1.03 billion.
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DSE turnover crosses Tk 7b-mark
FE Report | Published: May 18, 2015 00:00:00 | Updated: November 30, 2026 06:01:00
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