Dhaka stocks advanced for the fifth trading session on Sunday with the turnover hitting eight-and-half months high as fresh fund injection from different section of investors continued for the last couple of sessions. The turnover of Dhaka Stock Exchange increased by 29.91 per cent to Tk 763.90 crore on the day, compared with Tk 588.01 crore in the previous trading session.
Sunday’s turnover was highest after the turnover of Tk 889 crore on November 20 last year.
The key index of the bourse, DSE, advanced by 0.99 per cent, or 44.64 points, to close at 4,530.83 points which was the highest after 4,555.11 points on May 8 this year.
As the positive trend in the market continued for last three weeks which made all section of investors active on the trading floor in an expectation that the upward trend might sustain for more trading sessions, market operators said.
Besides, improved half yearly statements by most of the listed entities also acted as another appreciation for the investors to increase their participation on the trading floor, they said.
Institutional investors’ increased participation before the Eid-Ul-Fitr vacations encouraged retailers and big investors to raise their participation after the vacation.
Overseas investors might have attended the rally to make some added profit, they said.
DS30, the blue-chip index of DSE, finished at 1,678.71 points, increasing 1.57 per cent or 26 points.
The Shariah index of DSE, DSES, rose by 2.03 per cent, or 20.92 points, to close at 1,047.20 points.
Of the 299 shares and mutual funds that were traded on the day, 165 advanced, 100 declined and 34 remained unchanged.
‘Upbeat vibe was upheld throughout today’s session. Besides, stable macro-economic indicators like FX reserves crossing US$ 22 bn and thus Taka appreciation continued its ongoing trend, putting a positive psychological impact on investors,’ IDLC Investments said in its daily market commentary.
‘Alongside, investors’ confidence remained high, evidenced by sustainable increase in participation in terms of turnover in last few sessions,’ it said.
‘Mostly, large capital centric trading pattern assisted accumulating this bulk amount of turnover, with top ten capturing 38.77 per cent of Sunday’s trade,’ said IDLC.
MJL Bangladesh led the turnover chart as its shares worth Tk 67.81 crore changed hands.
Square Pharmaceuticals, Grameenphone, Active Fine Chemicals, BEXIMCO, Hwa Well Textile Industries, Lafarge Surma Cement, ACI Limited, Padma Oil and Summit Power were among other turnover leaders.
Shahjibazar Power Company gained the most on the day as its share prices increased by 9.98 per cent, while ICB AMCL First NRB Mutual Fund lost the most shedding 8.27 per cent.
-With New Age input
