Staff Correspondent
Dhaka stocks saw a bullish trend for the second consecutive week that ended Thursday, thanks to an increased participation of investors, market operators said.
The general index of Dhaka Stock Exchange gained 177.47 points, or 6.75 per cent, to close at 2,807.61, while its blue chips index, DSE20, advanced by 120.39 points, or 5.48 per cent, to finish at 2,316.54. In the previous week (from December 21 to 24), the DSE general index gained 112.12 points, or 4.45 per cent.
An investment firm official said the market shook off losses as investors increased their participation in the last couple of weeks after a two-and-a-half-month lull. Availing lower prices of securities, investors put funds on stocks, expecting good returns in the days to come, he said.
The institutional investors, who completed their year-end loan adjustment, also started injecting funds into the market, signalling a recoup.
The daily average turnover at the DSE posted a 55.58-per cent rise to Tk 383.93 crore from the previous week’s Tk 246.77 crore. The DSE’s total turnover last week was Tk 1,152 crore.
The country’s prime bourse shortened last week to three trading days from five as it remained closed on Monday due to the national polls and on Wednesday for a bank holiday.
Analysts said the institutional and big individual investors started returning to the market a few days before the December 29 national elections. Holding of the polls lifted the investors’ confidence, they said.
Out of 295 issues, 196 advanced, 39 declined, 82 remained unchanged and 52 were not traded in last week.
The DSE market capitalisation increased to Tk 1,04,678 crore, its highest-ever mark, on Thursday due to the debut of National Housing Finance and Investment Limited and Maksons Spinning Mills Limited on the first day of the new year. The market indicator’s previous peak was at Tk 1,04,380 crore on December 30, the last trading day of 2008. In last week, the DSE market capitalisation rose by 4.93 per cent from the previous week’s closing at Tk 99,763 crore.
Beximco Pharmaceuticals topped the turnover leaders with a total transaction of Tk 102.84 crore, which accounted for 8.93 per cent of the week’s total market turnover at the bourse.
Summit Power, Titas Gas, Grameen Two Mutual Fund, Beximco, ACI Formulations, Shinepukur Ceramics, ACI, National Bank, and Uttara Bank were the rest of the week’s top 10 turnover leaders.
Samata Leather was the biggest gainer with a 27.39-per cent rise in its share price, while Shayampur Sugar Mills was the worst loser with an 11.61-per cent fall.
Of the total turnover of the week, ‘A’ category issues accounted for 73.49 per cent, ‘B’ category 0.98 per cent, ‘N’ category 22.10 per cent, and ‘Z’ category 3.43 per cent.
Courtesy: newagebd.com
