Bullish trend of the Dhaka Stock Exchange continued for the eighth trading session on Thursday with the key index of the bourse crossing 5,000 points mark for the first time ever after its inception as investors continued optimistic share purchasing. The DSEX increased to 5,026.92 points on Thursday, the last trading session of the week, after its launch with 4,055.90 points on January 28 last year.
The DSEX rose by 0.94 per cent or 47.20 points on the day.
The turnover of the bourse increased above Tk 1,000 crore in just one day gap to Tk 1,103.64 crore on Thursday compared with that of Tk 932.88 crore in the previous trading session.
Investors’ confidence over the market increased and their participation on the trading floor helped the market to continue its bullish vibe for the eight trading session on Thursday, market operators said.
Investors were also expecting that the positive vibe of the market might sustain for more days as they did not find anything that could hamper investors’ confidence immediately, they said.
Sustaining a daily average turnover above Tk 900 crore for last couple of trading sessions was another reason for investors’ optimistic participation on the trading floor, they said.
Low bank interest rate on deposit and calm political situation were among other reasons for the bouncy vibe at the capital market, operators said.
DS30, the blue-chip index of the bourse, closed at 1,949.63 points, adding 1.32 per cent or 25.40 points.
The Shariah index of DSE, DSES, advanced by 1.64 per cent, or 19.09 per cent, to finish at 1,181.67 points.
Of the 301 shares and mutual funds traded on the day, 159 advanced, 120 declined and 22 remained unchanged.
‘The saga continued as broad market index broke through 5,000.0 mark amid buoyant turnover in the premier bourse,’ IDLC Investments said in its daily market commentary.
‘The market closed in green adding 47.2 points while the benchmark DSEX closed at 5,026.9,’ it said.
‘Continuing the momentum, investors chose to side with a few of large capitalised companies’ names where MJL Bangladesh was the most liquid scrip followed by BEXIMCO and Beximco Pharma,’ it said.
‘Same trend in turnover persisted as it crossed Tk 1,100 crore mark which was 18.3 per cent higher than the last session,’ it said.
MJL Bangladesh led the turnover chart as its shares worth Tk 65.68 crore changed hands.
BEXIMCO, Beximco Pharma, Ratanpur Steel Re-Rolling Mills, Grameenphone, Golden Son, IDLC Finance, United Airways, Delta Life Insurance and Active Fine Chemical Industries Limited were among other turnover leaders.
Eastern Cables gained the most on the day as its share prices rose by 9.98 per cent, while Standard Ceramic lost the most declining 9.24 per cent.
-With New Age input
