The country’s premier bourse Tuesday saw a record turnover in value hitting a five-month high as the investors - both institutional and small investors – went on buying more shares expecting further rise in prices.

The day’s turnover at the Dhaka Stock exchange (DSE) stood at Tk 9.4 billion, 23.7 percent higher than last session’s value. It was the highest since 18 April 2012 when the value reached at Tk 9.91 billion.

“The recent stable scenario coupled with healthy turnover, attracted investors to make fresh investment in lucrative stocks,” said IDLC Investment in its regular market commentary. Activity flourished in the bourse as bullish sentiment continued, it added.

“The turnover at the DSE increased due to institutional investor’s participation,” said Akter Hossain Sannamat, Managing Director of Union Capital.

Besides, foreign investment expedited the rally in share values, he said adding, “Long-term investments of institutional investors will help market restore small investors’ confidence.

DGEN, the benchmark general index of the DSE went up by 57 points or 1.30 per cent to close at 4,414.

The DSE broader All Shares Price Index (DSI) jumped by 47 points or 1.27 per cent to 3,731 while the DSE-20 Index comprising blue chips went up by 7 points or 0.20 per cent to 3,375.

Out of 270 issues traded, 188 advanced, 66 declined and 16 remained unchanged.

Apart from shares in telecommunications sector, that lost 0.52 percent, all the major sectors gained on Tuesday.

Amid buoyant trading, the shares under the power sector soared by 2.77 percent followed by non-banking financial institutions 2.74 percent, pharmaceuticals by 0.74 percent and banks 0.51 percent.

A total of 194.10 million shares changed hands on the day against 145.77 million in the previous trading session. The number of deals also increased to 195,920 against Monday’s 167,134.

The Titas Gas, that gained 5.2 percent, was the highest traded stock of the day with a total turnover of Tk 924.4 million.

The other turnover leaders were United Airways, Bangladesh Submarine Cable Company, Saiham Cotton Mills, Unique Hotel and Resorts, Keya Cosmetics, Jamuna Oil, RN Spinning, MI Cement Factory and Aamra Technologies.

GBB Power was the day’s top gainer, posting a 9.97 percent rise followed by RD Food, Metro Spinning, Aamra Technologies, Delta Spinners, Deshbandhu Polymer, Tallu Spinning, Malek Spinning, Makson Spinning and Sonargaon Textile.

The day’s worst losers were MBL First Mutual Fund, Standard Insurance, Pragati Life Insurance, National Tea Company, Peoples Insurance, Midas Financing, Padma Life Insurance, Reckitt Benckiser, Shympur Sugar Mills and Eastern Lubricants.

News: The Daily Sun/Bangladesh/12-Sep-12