DSE reaches psychological threshold of 5,000 points

Country’s capital bourse, the Dhaka Stock Exchange (DSE), registered a boosting session today geared up by the announcement of Bangladesh Bank (BB) allowing afresh liquidity support for the banks to boost their respective portfolios in the market.

The BB’s latest move that gives the investors a badly required confidence, resulting in market participation from investors, has seen a significant upsurge which pushed the DSE’s main index to a sharp upsurge, said market analysts.

Market turnover has increased by 70 percent from last day’s session and stood at Taka 5.17 billion.

The broad index, the DSEX continued its inclined pace and reached to the “Psychological Threshold” of 5,000 points. The core index, DSEX closed at 5000.24 points with a gain of 79.26 points or 1.61 percent from the previous day.

Besides, the two selective indices, the DSE30 increased by 23.45 points while DSES increased by 7.97 points to stand at 1789.97 points and 1158.15 points respectively.

On the DSE trading floor, a total number of 121,841 trades were executed in today’s trading session with a trading volume of 142.97 million securities. Gainers took a strong lead over the losers as out of 353 issues traded, 282 securities gained price while 53 declined and 18 remained unchanged.

Investors exerted buying pressure on bank, food and allied and financial institution sectors. Sector wise performance exposed that financial institution (3.6%), general insurance (3.5%) and bank (3.2%) experienced the highest price appreciation while tannery (-0.9%), life insurance (-0.2%) and jute (-0.1%) sector experienced the highest price correction in today’s session.

Investors’ focus was mostly concentrated on fuel and power (22.1%), bank (13.1%) and pharmaceutical (11.8%) sectors, according to market operator, EBL Securities.

The top ten gainers were International Leasing, Provati Insurance, Union Capital, IFIC Bank, Sonarbangla Insurance, Shurwid Industries, VSF Thread, Midas Finance, ML Dying and Takaful Insurance.

Grameenphone led the turnover chart followed by National Tubes, Summit Power, VSF Thread, Fortune Shoes, Premier Bank, Brac Bank, Reneta Limited, Square Pharma and United Power.
The top ten losers were National Polymar, United Air, JMI Syringe, Yeakin Polymar, Fortune Shoes, Monno Stafflers, Al-haj Tex, BD Auto Cars and Khan Brothers PP.

On the other hand, the port city bourse, the Chittagong Stock Exchange (CSE) ended session in green. CSCX and CASPI increased by 164.95 and 272.33 points to stand at 9241.72 points and 15218.35 points respectively.

At CSE, a total of 8,766,649 shares and mutual fund of 253 companies were traded, of which 199 issues advanced while 36 declined and 18 issues remained unchanged.