Clicky
National, Front Page

DSE turnover jumps 48pc


Published : 30 Apr 2022 09:40 PM

The total turnover jumped to Tk 4,058 crore on the Dhaka Stock Exchange (DSE) in last week as against Tk 2,744 crore in the week before as the institutional investors became active.

Market analysts said the regulatory measures to increase institutional funds flow into the market led to the higher market turnover.

They said some optimistic investors took their position on stocks by investing fresh funds as the securities regulator is trying to boost market liquidity through collaboration with market operators.

Many listed companies posted their quarterly earnings and year-end dividend declarations in the last week, they mentioned.

Most of the investors booked profit on sector-wise securities which failed to meet investors' expectations in terms of latest corporate declarations, they added.

Some investors also re-balanced their portfolios during the week, based on latest corporate declarations, they added.

However, the daily turnover average stood at Tk 811 crore, up 48 percent from the previous week's average of Tk 548 crore.

The Bangladesh Securities and Exchange Commission (BSEC), the securities regulator, also raised the lower circuit-breaker to 5 percent from 2 percent, keeping investors’ interest in the market, he said.

The participation of the investors has increased and restructured their portfolio as most companies declared their earnings during the week, they further said.

The key DSEX index of the Dhaka Stock Exchange (DSE) went down by 6.70 points or 0.10 percent to close at 6,655 after gaining over 77 points in the week earlier.

The DS30 index, comprising blue chips, declined by 17.31 points to settle at 2,460 and the DSE Shariah Index (DSES) fell by 17.64 points to finish at 1,446.

On the other hand, market capitalisation of the DSE increased slightly by 0.25 percent to Tk 5,369 billion on Thursday, up from Tk 5,356 billion in the week before.

Of the 387 issued traded, 198 declined, 155 advanced and 34 remained unchanged on the DSE trading floor.

Beximco was the most-traded stock with shares worth Tk 2.49 billion changing hands.

It was followed by JMI Hospital Requisite Manufacturing, IPDC Finance, Orion Pharma and Bangladesh Spinning Corporation.

Unique Hotel and Resorts was the week's top gainer, posting a 19.49 percent gain, while Gemini Sea Food was the worst loser, shedding 12.14 percent.

On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) saw a slight lower with its selective category index (CSCX) losing 72 points in the last week to close at 11,684 points.

The All-Share Price Index (CASPI) of the CSE was also lower by 119 points to close at 19,474 points.

The port city's bourse traded 4.41 crore shares and mutual fund units with turnover value of Tk 131 crore during the last week.