DSE turnover hits 4-month high

February 15, 2013

Turnover of the Dhaka Stock Exchange hit a four-month high on Thursday as the bourse gained on the day amid injection of fresh funds from the institutional investors and retailers.
The turnover of the bourse increased to Tk 552.42 crore from the last trading session’s Tk 482.72 crore.
‘Some new beneficiary owner accounts were opened with our house in the week, which, along with fresh funds, increased the turnover of our brokerage house,’ a trader told New Age.
Inactive investors also started to participate on the trading floor following a rumour that the market would get more boosts in the coming days as it is the last year of the present government’s tenure, he added.
DSEX, the benchmark general index of the bourse, gained 1.21 per cent, or 51.51 points, to close at 4,304.97 points while
the old benchmark general index, DGEN, gained
1.07 per cent, or 46.87 points, to close at 4,396.84 points.
Meanwhile, the blue-chip index, DS30, finished at 1,551.97 points by increasing 1.08 per cent, or 16.70 points.
Investors said the Bangladesh Bank’s recent monetary policy and initiatives taken by the authorities boosted the investors’ confidence, which helped the market go up.
‘The uptrend in the capital market with an increasing turnover despite the political unrest is a good sign, which is also an important reason behind increased participation of investors,’ they added.
Among the 275 issues traded on the day, 229 advanced, 29 declined and 17 remained unchanged.
United Airways topped the turnover chart as its shares worth Tk 45.58
crore changed hands
while textile led the sectors’ table with shares worth Tk 116.37 crore changing hands.
Safko Spinnings gained the most as its share went up by 9.71 per cent followed by Daffodil Computers and Barakatullah Electro Dynamics.
Prime Finance First Mutual Fund lost the most on the day, 4.40 per cent.

Courtesy of New Age

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