DSE turnover hits two-month high

Turnover on Dhaka Stock Exchange hit a two-month high of Tk 859 crore yesterday and advanced 3.5 percent from the previous day.
Investors went on a buying spree amid hopes for a stockmarket-friendly monetary policy to be announced by Bangladesh Bank today for the second half of this fiscal year.
DSEX, the benchmark general index of the DSE, closed the day at 4,758.38 points, after gaining 55.71 points or 1.18 percent.
DSES, the shariah index of the Dhaka bourse, gained 10.69 points or 1.09 percent to close the day at 987.03 points.
“On the day before the announcement of monetary stance, though specialists are eyeing near-term slowdown in economic growth indicators, investors remained buoyant over simulative measures for the private sector for escalating economic activities,” LankaBangla Securities said in its daily market analysis.
“Stocks with high dividend yield attracted investors on the day,” IDLC Investments said in its regular market analysis.
A total of 1.68 lakh trades were executed with 21.39 crore shares and mutual fund units changing hands on the Dhaka bourse.
Of the 294 issues that traded on the DSE floor, 161 advanced, 116 declined and 19 remained unchanged.
Banks showed the highest return, which rose 3.1 percent while cement, insurance and telecoms advanced 1.7 percent, 2 percent and 1.4 percent.
Square Pharma saw the highest liquidity with 15.54 lakh shares worth Tk 36 crore changing hands.
Rupali Bank was the biggest gainer of the day, as it rose 9.73 percent, while Reckitt Benckiser was the worst loser, plunging by 6.10 percent.
The Chittagong Stock Exchange also gained yesterday with its selective categories index, CSCX, gaining 125 points to close the day at 9,359.82 points.
Gainers beat the losers 124 to 106 with six issues remaining unchanged on the port city bourse that traded 2.29 crore shares and mutual fund units with Tk 75 crore in turnover.