The country's stock market continued to rise for the last three consecutive days, thanks to the buying spree among the investors. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 11 points, or 0.19 per cent, to 6,066.64. Investors are buying stocks when some are taking profits as they have confidence to the market, said market analysts. Turnover, an
Turnover at DSE hits new high in a decade Star Business Report Star Business Report
Turnover at the Dhaka Stock Exchange (DSE) hit a decade-high today thanks mainly to the higher participation of buoyant investors.
The important indicator of the market soared 30 per cent to Tk 2,700 crore, crossing the previous decade-high of Tk 2,669 crore recorded on June 6.
Investors have confidence on the market, so they are participating in the market with the belief that the upward trend would sustain this year, according to market analysts.
The DSEX, the benchmark index of the DSE, surged 31 points, or 0.52 per cent, to 6,055.
At the DSE, 208 stocks advanced, 124 fell and 37 remained unchanged.
As the market has maintained a rising trend, investor confidence grew, said a stock broker.
Now many are investing into banking stocks, fuelling the index, he said, adding that paid-up capital of banking stocks was higher, for which the sector had a big impact on the index.
If investors invest into stocks which do not have good performance records, they will incur losses and so should be careful, the broker added.
The DSE s turnover, an important indicator of the market, surged 13.49 per cent to Tk 2,365 crore.
At the bourse, 163 companies stocks rose, 143 fell and 58 remained the same.
Northern Insurance topped the gainers list rising 9.98 per cent followed by Pragati Life Insurance, Green Delta Life Insurance Company, Pioneer Insurance and Progressive Life Insurance Company.
Stocks break 8-day gaining streak Star Business Report Star Business Report
Stocks dropped yesterday after rising for eight consecutive days thanks to a profit booking tendency among investors.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), fell 10 points, or 0.18 per cent, to stand at 5,829.
As the market was on a rising trend the last couple of days, most stocks were up by at least 8 per cent to 15 per cent, so investors are taking in their profits now, said a stock broker.
This is a positive thing because when investors make profit, they get the confidence to invest more, he said, adding that the market s turnover was rising, which meant that investors participation was still strong.