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Capital market reaches new height


Published : 02 Oct 2021 10:19 PM | Updated : 03 Oct 2021 01:06 PM

Stocks expanded a gaining streak in the last week to hit a record high as investors inject fresh funds on sector-wise securities with higher confidence.

Market experts said stocks mainly extended the rally for a second straight week as investors are putting funds on stocks including in the cement, power and financial-institution sectors.

The stock market witnessed an upward tread as institutional investors' funds continued to flow into the stock market, they added.

They also said the investors mainly were active in the market for improving pandemic situation, gradual economic recovery and lower interest rates on bank deposits.

DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 78.44 points or 1.08 percent to close at 7,329, it is the highest since its inception on 27 January 2013. 

On the other hand, the blue-chip index (DS30) increased by 36.97 points to settle at its historical high at 2,710, while the DSE Shariah Index (DSES) rose by 11.04 points to close at 1,592.

The week's total turnover increased to Tk 111.45 billion on the prime bourse against Tk 97.09 billion in the previous week.

Besides, the daily average turnover stood at Tk 22.29 billion, which was 15 percent higher than the previous week's average of Tk 19.42 billion.

The market capitalisation of the DSE also hit a fresh all-time high at Tk 581,543 crore in the last week.

Of the 378 issues traded, 146 advanced, 221 declined and 11 remained unchanged on the DSE floor.

Despite a fall in the share prices of most companies, the market closed positive as a number of large-cap stocks such as Investment Corporation of Bangladesh, LafargeHoilcim, Orion Pharma, Beximco and Shahjibazar Power Company gained substantially.

Among the major sectors, cement generated the highest return of 11.90 percent riding on sector heavyweight LafargeHolcim, which increased 17.71 percent alone, followed by financial institutions (8.70 percent) and power (2.50 percent).

On the other hand, engineering, banking and telecoms sectors lost 1.0 percent, 0.70 percent and 0.50 percent respectively.

LafargeHolcim was the most-traded stock with shares worth Tk 7.48 billion changing hands.

It was followed by Orion Pharma, Beximco, Beximco Pharma and Shahjibazar Power.

Orion Pharma was the week's top gainer, posting a 21.13 percent gain while Desh Garments was the worst loser, shedding 14.99 percent.

On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) also saw a rapid growth with its selective category index (CSCX) gaining 148 points in the last week to close at 12,835 points.

The All-Share Price Index (CASPI) of the CSE was higher by 231 points to close at 21,377 points.

Of the 345 issues traded, 147 advanced, 186 declined and 12 remained unchanged on the CSE floor.

The port city's bourse traded 11.48 crore shares and mutual fund units with turnover value of Tk 456 crore during the time.

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