Staff Reporter :
The Dhaka Stock Exchange (DSE), the country’s primary stock market, witnessed a remarkable upswing in share and unit prices across a multitude of companies, accompanied by a surge in all key indicators on Thursday.
Simultaneously, the Chittagong Stock Exchange (CSE) also experienced a positive trend, with a majority of companies witnessing a surge in their stock prices.
The stock market rally led to significant gains for investors, as two dozen companies reached their highest price limits.
The turnover on Thursday amounted to Taka 122.9 billion, showcasing a notable increase from the previous day’s Tk. 97.71 billion.
Prior to this surge, the market had faced challenges, including extra sales pressure and heightened trading activities, resulting in a substantial loss for the DSE market capital within five working days.
The market capital witnessed a reduction of nearly Tk. 33 thousand crore, and share prices of many companies plummeted by 30-40 percent.
However, the latest observations reveal a reversal of this trend, with share prices rebounding for a majority of companies. Although the rate of increase is slower compared to the earlier decline, investors are still enjoying significant gains.
Thursday’s market analysis highlighted an active trading day, with almost all companies experiencing increased trading activities and a subsequent rise in share prices. The DSE’s main index surged by 30 points as soon as trading commenced, maintaining an upward trajectory throughout the day.
By the close of trading, out of 271 companies listed on DSE’s price hike list, 200 registered gains in share and unit prices, while 71 experienced a decline, and 52 remained unchanged.
Notably, share prices of 24 companies listed in the price hike list witnessed substantial single-day increases.
Large purchase orders for these companies led to an empty sell order book, emphasizing the heightened demand. Additionally, share and unit prices of 55 more companies rose by over 5 percent.
The DSE’s main index, DSEX, rose by 60 points, reaching 6,213 points, reflecting the positive sentiment.
DSE Shariah increased by 10 points to stand at 1,362 points, and the DSE 30 index, representing the top 30 companies, gained 12 points, reaching 2,116 points.
The surge in key indicators also translated into a significant increase in turnover at DSE, surpassing a hundred crore taka.
The turnover leaders included BD Thai Aluminum, with shares worth 58.26 billion Taka traded, followed by Orion Infusion and Fu-Wang Foods at 57.46 billion Taka and 33.09 billion Taka, respectively.
The top ten companies contributing to turnover included Envoy Textile, IFIC Bank, Olympic Accessories, Malek Spinning, Karnaphuli Insurance, Aftab Automobile, and Pacific Denims.
In contrast, the Chattogram Stock Exchange (CSE) reported a rise in the overall market index, CASPI, by 198 points.
Out of 273 participating companies, 177 witnessed an increase in share prices, while 66 faced declines, and 30 remained unchanged. The total turnover at CSE amounted to Tk. 17.99 billion.
