DSE turnover crosses Tk1,400cr mark after a year
Market operators noted that investor confidence has strengthened in recent weeks amid easing yields on government fixed-income securities, which encouraged funds to flow back into equities.
Dhaka Stock Exchange (DSE) recorded a turnover of Tk1,442 crore yesterday, crossing the Tk1,400-crore mark for the first time in a year.
The last time the bourse saw higher activity was on 11 August 2024, when turnover stood at Tk2,010 crore. Yesterday's figure reflects an 8% jump from the previous session, largely driven by a surge in investor participation.
Alongside the robust trading, the benchmark index DSEX rose by 21 points, or 0.38%, to settle at 5,636. The blue-chip DS30 also gained 5 points, or 0.24%, closing at 2,188. Market breadth leaned positive, with 248 issues advancing, 127 declining, and 25 remaining unchanged.
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Market operators noted that investor confidence has strengthened in recent weeks amid easing yields on government fixed-income securities, which encouraged funds to flow back into equities.
In its daily market commentary, EBL Securities said the DSEX regained bullish momentum with broad-based participation, following a brief pause in the previous session.
The report observed that the market traded sideways during the morning session but picked up momentum in mid-day trading as buying interest returned to selective momentum-driven scrips. Although profit-taking pressure emerged in the late hours, trimming some gains, the index managed to maintain its upward trajectory.
Engineering stocks contributed the highest turnover at 10.9%, followed closely by life insurance with 10.3% and pharmaceuticals with 10.1%.
Among individual companies, Robi led the turnover chart with Tk37 crore, followed by Trust Islami Life Insurance at Tk34.33 crore, Khan Brothers PP Woven Bag at Tk34.23 crore, Orion Infusion at Tk22.63 crore, and Lovello Ice Cream at Tk22.27 crore.
Sectoral performance remained mixed. Mutual funds advanced the most with a 5.2% gain, trailed by financial institutions at 4.9% and general insurance at 3.8%. On the other hand, paper companies corrected by 1.2%, services shed 1%, and banks slipped by 0.5%.
Among the day's top gainers, GBB Power and Generation Next each surged by 10%, Rupali Life Insurance gained by 9.94%, KDS Accessories rose by 9.93%, and eGeneration advanced by 9.92%.
The biggest loser was Trust Islami Life Insurance, which dropped by 8.96%. It was followed by Peoples Leasing (7.69%), Shyampur Sugar (6.80%), Intech (5.51%) and Global Islami Bank (4.34%).
The Chittagong Stock Exchange (CSE) also closed on a positive note yesterday. Its Selective Categories Index (CSCX) advanced by 10.4 points, while the All-Share Price Index (CASPI) gained by 22.8 points, reflecting a broadly upbeat sentiment across both bourses.
