DSE trading surges to 5-month high

BSS, Dhaka :
With transaction of over 14 crore shares, the daily trade volume at the Dhaka Stock Exchange (DSE) surged to a five-month high on Wednesday, taking the trade value to three-month and the major price index to one-month peak as well.
The prime bourse saw transaction of 14.12 crore shares on Wednesday after February 2 when the trade volume at close was 14.22 crore.
Since then, the volume was hanging below the 14-crore mark due to lackluster trading that remained unchanged until Wednesday. “The bourse got rhythm from the increased participation of investors. As a result, DSEX ended positive with a gain of 12.72 points to 22 sessions’ peak,” IDLC Finance commented in its daily market update.
The benchmark index of DSE finished the day at 4484.90, the highest point after 4487.07 on June 29. The blue-chip DS30 and the Shariah DSES, however, suffered further fall on the day with closing at 1649.67 and 1020.39 respectively.
The active participation amplified the total trade volume by 32.0 percent over the past trading session and took it to a three-month high of Taka 651.80.
The previous highest record was Taka 673.60 crore on April 14. Like on Tuesday, life insurance and banking issues maintained their strength.
The life insurance sector captured 4.56 percent of the total trade when secured the seven out of 10 top position of gainers’ table. Banking issues also performed well with 14 out of 30 banks closing higher.
With 11.68 percent of the total daily trade, MJL Bangladesh topped the turnover leader followed by some large-cap issues of fuel and power, pharmaceuticals and engineering sectors.
The sellers got further edge on the market due to the active demands for shares.
Eventually, the day’s trading ended with 154 advancing, 93 losing and 49 unchanged issues from different sectors.
Shares of service and real estate, food, textile, pharmaceuticals, travel and fuel and power faced major price correction on their profit-booking selling.