Throughout the last week, Dhaka Stock Exchange followed a bullish market trend as stocks were traded at a high rate.
DSEX, prime bourse of DSE, rose to 6,981 points, the highest ever since its inception in 2013. Experts said that the index may cross the 7,000-mark next week. The index ended the week with 1.3 per cent or 90 points gain.
DSES and DS30 added 21.5 points and 43.4 points respectively to their previous week’s indices.
At the DSE, daily average turnover soared by 14.3 per cent as some of the investors decided to observe the market trend. The average turnover was Tk 2,234 crore at the DSE in the week, while the market capitalization increased by 1.1 per cent to Tk 5,63,720 crore.
The most invested sectors are general insurance (13.2 per cent), textile (12.1 per cent) and engineering (10.5 per cent) sector.
Last week, Beximco was the top average turnover and index puller at DSE. It’s index increased by more than 29 points.
The top gainer company last week was Tamij Textile in DSE. Its share price hiked almost 40 per cent and stood at Tk 125.6. The top loser was GrameenS2 mutual fund as its unit price declined 16 per cent to Tk 18.
The jute sector had the highest return as its return was 8.3 per cent.
Last week, the port city bourse CSE’s CSE30, CSCX and CASPI added 80.5 points, 231.9 points and 394.3 points respectively.
BSEC increased the general investor’s IPO quota to 70 per cent which prompted the investor’s interest. Specially the buoyant investors exerted their appetite for treading.
Source: Business Post