DSE turnover jumps 74%, indices move up
Indices closed in the green territory on the last trading day of the week with the daily turnover surging 74%, thanks to increased participation of the investors who took positions in stocks that were trading at lucrative price levels due to the recent corrections.
On Thursday, turnover at the Dhaka Stock Exchange (DSE) stood at Tk666.8 crore, which was Tk382.7 crore in the previous trading session.
DSEX, the broad-based index of DSE, advanced 0.16% to 6,207. Shariah index DSES moved up 0.12% and DS30 up by 0.11% to reach 1,349 and 2,209 respectively.
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On the day, 79 scrips advanced, 45 declined, and 195 remained unchanged.
Market insiders said following the previous session's significant participation, especially in low-cap scrips, stocks mostly remained upbeat throughout Thursday's session.
According to the daily market commentary of EBL Securities, investors reacted positively to the proposed amendment in the Bank Companies Act for excluding bonds and debentures from the banks' capital market exposure.
However, cautious investors continued the partial liquidation of their portfolio as they perceived it as a profit-booking opportunity in selective scrips, the commentary added.
On the sectoral front, food stocks were the most traded ones as they contributed the highest 19.5% to the DSE turnover.
Most sectors posted price appreciation with jute gaining the highest 2.6%, travel 2.2%, and services 1.7%.
On the other hand, paper was the most corrected sector with 0.2% loss.
Gemini Sea Food, Tosrifa Industries, Monospool, Navana CNG, Unique Hotel, BD Thai Aluminum, Miracle Industries, Islami Commercial Insurance, Sonali Aansh and Monno Agro were the top ten gainers with 3.85% to 8.75% gains.
On the other hand, Prime Islami Life, Hakkani Pulp, GQ Ballpen, Imam Button, Shyampur Sugar, Bangas, BD Welding, Samata Leather, Standard Ceramic and Sonali Paper were the day's top ten losers with 2.6% to 5.5% losses.
