Stocks continue gaining Star Business Report Star Business Report
The stockmarket continued its gaining streak today and insurance shares once again topped the gainers list.
The DSEX, benchmark index of the Dhaka Stock Exchange (DSE), rose 11.80 points, or 9.21 per cent, to stand at 5,435.03.
At the DSE, 143 companies rose, 135 declined and 76 remained unchanged.
The insurance sector moved slowly for some weeks, but overall it continued rising for the last few months.
United Insurance topped the gainers list with a 9.91 per cent increase followed by Dhaka Insurance, National Feed Mills, Shinepukur Ceramics and Takaful Islami Insurance.
Turnover, an important indicator of the stock market, hit Tk 876 crore, up from Tk 776 crore a day earlier.
Stocks plunge 2.5pc on panic sales Star Business Report Star Business Report
The key index of the Dhaka Stock Exchange (DSE) nosedived more than 2.53 per cent yesterday due to pressure stemming from panic sales by general investors.
The DSEX fell 142 points to 5,504.78, the lowest in one and a half months. Maybe people have lost confidence although there is no reason for losing faith in the market, said Sharif Anwar Hossain, president of the DSE Brokers Association. The market is falling as some investors sold off shares and others are following suit, he said, adding that such copycat tendencies intensify market falls.
DSE turnover plunges from record high Star Business Report Star Business Report
Turnover at the Dhaka Stock Exchange plunged by 38 per cent or Tk 969 crore to Tk 1,577 crore yesterday thanks to the wait-and-see approach adopted by institutional investors, according to market players.
The development comes just a day after turnover registered a decade high at Tk 2,546 crore.
However, DSEX, the benchmark index of the Dhaka bourse, rose 30 points, or 0.54 per cent, to 5,640 at the same time.
Some of the institutional investors have taken profits considering some corrections but the others are waiting for a further rise, according to a merchant banker.