Stock mkt’s volume exceeds Tk1,850cr
Staff Reporter :
The country’s stock market is experiencing a remarkable surge in trading activity, reaching significant heights on Thursday. The Dhaka Stock Exchange (DSE), the nation’s primary stock exchange, recorded a trading volume exceeding Tk 1,850 crore, marking the highest level since September 2022.
This surge in trading has had a substantial impact on the overall stock market, with the prices of shares from various companies listed on the DSE witnessing a significant increase. Simultaneously, the main price indices have shown a notable upward trend.
The Chittagong Stock Exchange (CSE) has mirrored this positive momentum, as its price indices have also seen a boost, rising consistently over the past five trading days.
The trading day on Thursday, February 8, began with a substantial uptick in the prices of shares and units across most companies. Consequently, the main index of the DSE saw an immediate increase of 8 points at the opening bell. The upward trajectory continued throughout the trading day, resulting in a remarkable 42-point surge in the main index of the DSE.
At the end of the Thursday’s trading, shares and units of 210 companies have found a place on the list of price increases on the Dhaka Stock Exchange (DSE).
In contrast, the prices of 140 companies have decreased, while 44 companies’ prices remain unchanged.
Among these companies in the list of price increases, 30 have seen their prices rise by more than 5 percent.
As a result, the DSE’s main price index, DSEX, has increased by 20 points, reaching 6,373 points at the close of the day’s trading.
This positions the index at its highest level since November 8, 2022, surpassing the previous record of 6,384 points on that date. On the same day in 2022, the DSEX stood at 6,384 points.
Among the two other indices, the DSE-30 index, comprising a selection of 30 well-performing companies, has risen by 2 points compared to the previous day, standing at 2,138 points.
Meanwhile, the DSE Shariah Index has decreased by 0.18 points, reaching 1,387 points compared to the previous day.
By the close of the trading day, the DSE recorded a total trading value of Tk 1857 crore and 75 Lakh.
In comparison, the previous day’s trading amounted to Tk 1730 crore and 43 lakh, indicating an impressive increase of Tk 127.32 crore in trading volume.
Among the companies contributing significantly to this trading surge, Central Pharmaceuticals Ltd. emerged as a frontrunner with the highest share trading value. The company’s shares were traded at Tk 65.4 crore. Following closely is IFIC Bank, securing the second-highest share trading value with shares traded at Tk 62.48 crore. Orion Infusion claimed the third position with shares traded at Tk 59.77 crore.
In addition to the heightened trading activity, the list of the top ten companies on the DSE, in terms of share trading values, includes Malek Spinning, Forchun Ceramics, Fu-Wang Ceramic, Fu-Wang Food, Olympic Accessories, Advent Pharma, and BD Thai Aluminum.
