Tuesday 25 February 2020 ,
Tuesday 25 February 2020 ,
Latest News
  • Mushfiq gets his third 'Double Century'
  • Salman Shah committed suicide: PBI
  • Malaysian PM Mahathir submits resignation
  • Trump receives warm welcome in India
  • Coronavirus: Family of infected Bangladeshi in Singapore to receive $10,000
  • GP ordered to pay another Tk 1,000cr within 3 months
  • Dhaka vehicles now move at walking pace
  • Britain starts hearing US case for extraditing Assange
  • 400 bureaucrats set to get promotion despite lack of posts
20 January, 2020 00:00 00 AM / LAST MODIFIED: 19 January, 2020 09:28:42 PM
Print

Stocks notch solid gain

Highest single-day gain of 232.2 points since DSEX inception in 2013
STAFF REPORTER, Dhaka
Stocks notch solid gain

The Dhaka Stock Exchange (DSE) witnessed a marvelous session yesterday, registering the highest 5.6 per cent upsurge in the prime index DSEX since its inception in 2013.

Amid the growing optimism from the investors, the prime index posted the highest single-day gain of 232.2 points where the second highest gain was 155 points in May 10, 2015.

Optimistic investors showed their buying appetite in all the sectors stocks.  

The bourse witnessed massive buying pressure from the opening of the session and continued till the closure riding on the news that the Prime Minister has given instructions to take some favorable regulatory measures to revive the country's ailing capital market, said International Leasing Securities Limited in its daily stock market review.

The investors’ activities have increased by 53.8 per cent over last session as the bargain hunters took position on the lucrative price level. At the day’s end, the DSEX, DSES and DS30 added 232.2 points, 57.3 points and 80.7 points respectively to their previous day’s level.

Talking to The Independent, AB Mirza Azizul Islam, former adviser to a caretaker government and former chairman of Bangladesh Securities and Exchange Commission (BSEC) said, “The Dhaka Stock Exchange was buoyed by Prime Minister Sheikh Hasina’s instructions to prop up the markets.”

She instructed to enhance the participation of banks and financial institutions in the stock market, and boosting investment capacity of the state-owned Investment Corporation of Bangladesh (ICB).

Hasina met capital market policymakers on Thursday to discuss ways to pull the stocks out of a slump, a

day after an MP called

in parliament for her

intervention.

 “Directives were also made to provide relaxed loan terms to merchant bankers and institutional investors, to increase the capacity of the Investment Corporation of Bangladesh (ICB), and to lure more foreign investments through lucrative offers,” Islam added.

“Investors get confidence again due to these directives and the market gained” he added.

 “I don’t hold out much hope of continuation of

the upward trend in the market as the fundamental problems are not solved,” he said.

Fundamental problems need to be solved first for the sustainable solutions to the stock markets.

A healthy banking sector is typically the most important to revitalise the

stock market” he further said.  

The top 10 gainers were Beximco Pharma, ICB, Stylecraft, Heidelberg Cement, Desh Garments, Sonar Bangla Insurance, Aziz Pipes, Gemini Sea Food and Bongas yesterday.

Square Pharma topped the turnover chart followed by Singer BD, LafargeHolcim Bangladesh, KPCL, SS Steel, Grameenphone, ADN Telecom, NCC Bank, Ring Shine and Bank Asia.

The top 10 losers were SS Steel, EBL NRB Mutual Fund, Standard Ceramics, Jute Spinners, LR Global Mutual Fund-1, Progressive Life Insurance, ABB First Mutual Fund, Altex Industries, BD Services and Dhaka Dying.

On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed at green witnessing a superb session and continuing the winning trend of previous day.

CSCX and CASPI increased sharply by 413.27 points and 677.01 points to stand at 8048.03 points

and 13277.87 points respectively.

At CSE, a total of 13,259,457 shares and mutual fund of 257 companies were

traded, of which 231 issues advanced while 15 declined and 11 issues remained unchanged.

 

 

Comments

Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
01
02030405060708
09101112131415
16171819202122
23242526272829

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting