Share market sees highest turnover in over 6 years

DHAKA, Jan 17, 2017 (BSS) - Share market saw the highest turnover in

volume in over six years as the bullish momentum continued at the twin bourses on Tuesday, taking the prices indices to new high too.

A total of 70.12 crore shares changed hands at Dhaka Stock Exchange (DSE) on Tuesday, which was the highest in over six years. The trade value also surged to Taka 2064.97 crore, but the highest record was Taka 3249.57 on December 5, 2010.

The record transaction drove the market indicators to their new heights, with pushing share prices up across the board.

DSEX, the major index of DSE, surged by 97.61 points to close at

5575.47. The Shariah DSES and the blue-chip DS30 followed the suits to end at 1276.45 and 1984.07 respectively.

Market analysts attributed the continuing bullish trend to the upward movements of the large-cap securities including banks, NBFIs, fuel and power and mutual funds. Paper and printing, jute and life insurance sectors continued to witness slide on sluggish demands.

Like previous sessions, the market remained heavily in favour of sellers when out of 328 traded issues, 224 gained and 86 incurred losses.

The day's major gainers were Padma Oil, ICB, Prime1ICBA and Meghna Petroleum. The major losers were Imum Button, CAPM BDBL Mutual Fund 1, National Tubes, Zeal Bangla and BD Autocars.

Beximco Limited topped the turnover leaders followed by Baraka Power, Jamuna Oil, Lanka Bangla Finance and MJLBD.

Like DSE, Chittagong Stock Exchange (CSE) also advanced significantly, with its CASPI index gaining 286.77 points to end at 17158.70.

The daily trade value rose to Taka 114.80 crore, but the volume inched down to 4.48 crore shares. When 186 securities close up and 74 incurred loss among 276 traded issues.

Source: Bangladesh Sangbad Sangstha (BSS)