DSEX crosses 4,700-point threshold in 4.5 months

FE Report | Published: September 15, 2014 00:00:00 | Updated: November 30, 2026 06:01:00

Stocks ended higher Sunday extending the rally for four consecutive sessions with key index of the major bourse crossing 4,700-mark as investors were on the buying binge.
The benchmark index of the Dhaka Stock Exchange (DSE) crossed the so-called 'psychological' threshold of 4,700-point after four and a half months. The DSEX went up by 37.66 points or 0.80 per cent to close at 4,713.58 points, peaking six-and-a half months since February 27 this year.
Two other indices also saw sharp gain. The DS30, comprising blue chips, climbed 28.28 points or 1.58 per cent to close at 1,814.86 points. The DSE Shariah Index soared 11.30 points or 1.02 per cent to close at 1,112.62 points.
The total turnover on DSE stood at Tk 8.38 billion, registering an increase of 22.25 per cent over the previous session's value. It was the seven and a half month high turnover since Tk 8.56 billion recorded on January 30, this year.
"Investors' confidence as well as injection of fresh funds continued the market momentum for the fourth consecutive session," commented IDLC Investments, an investments bank in its daily market analysis.
Riding on strong participation, the benchmark DSEX broke through 4,700-mark after four and half months, said the merchant bank.
Large cap stocks continued to charm the investors as MJL BD, BSRM Steels and Lafarge Surma Cement dominated the turnover chart, the merchant bank added.
The market recorded one of the very high single-day gains over 37 points closing above 4700 level, as investors reassessed value of some stocks higher, said LankaBangla Securities.
"Investors seemed to be active on both selling and buying side making the putting breadth on strong point," said the stock broker.
For the first time in the last seven months, market turnover value crossed the Tk 8.0 billion-mark as some large-cap oil, pharma and cement stocks saw vast buying interest among the investors, the stock broker added.
International Leasing Securities said: "The country's major bourse reached a seven month high along the prime index, reaching a record level amidst the investors' relentless optimism in the manufacturing sector".
Most of the sectors performed well. Among the major sectors, life insurance posted the highest gain with 7.3 per cent increase, followed by IT 4.5 per cent, cement 3.9 per cent, engineering 2.4 per cent and tannery 1.6 per cent.
Fuel and power moved up by 1.37 per cent riding on the back of significant gains posted by MJL BD and Linde BD. Food and allied, telecommunication and pharmaceuticals also closed higher with gaining 0.65 per cent, 0.25 per cent and 0.15 per cent respectively.
The financial sectors, especially banks and non-banks, performed poorly, going down by 0.37 per cent and 0.67 per cent losses respectively.
Losers, however, outpaced gainers as out of 301 issues traded, 147 declined, 125 advanced and 29 remained unchanged on the DSE trading floor.
Activities increased in the major bourse (DSE) where trade and volume were up by 16.32 per cent and 1.68 per cent respectively. A total of 0.157 million trades were executed in the day's trading session with 154.12 million securities of trading volume.
The total market capitalisation of the DSE stood at Tk 3,187.69 billion against Tk 3,169.16 billion in the previous session.
MJL BD was the day's most traded stocks with shares worth Tk 763.70 million changing hands, followed BSRM Steels, Lafarge Surma Cement, ACI and Beximco.
Delta Life Insurance was the day's highest gainer for the third day, posting a rise of 9.96 per cent while FAR Chemical was the day's worst loser, slumping by 19.88 per cent.
The port city bourse, Chittagong Stock Exchange (CSE) also closed higher with its Selective Categories Index - CSCX - gained 51.18 points to close at 8,809.04 points.