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DHAKA: Turnover at the Dhaka Stock Exchange (DSE) crossed the Tk 800 crore mark on Wednesday after 36 days, with shares worth Tk 844 crore changing hands, the highest daily turnover so far this month.
The bourse last saw turnover above Tk 800 crore on August 18, when it stood at Tk 998 crore. Turnover then fell steadily, dropping to the Tk 400 crore range by August 27 in a sharp slide from around Tk 1,000 crore just days earlier.
September opened with daily turnover hovering around Tk 500 crore. It touched the Tk 700 crore range on several occasions but failed to breach Tk 800 crore until this week, rising to Tk 788 crore on Monday and Tk 791 crore on Tuesday before Wednesday’s jump.
All DSE indices advanced alongside the turnover rebound. The benchmark DSEX rose 55 points, the Shariah index gained 10 points and the blue-chip DS30 index added 16 points.
Prices rose for most listed companies, with 246 advancing against 102 decliners, while 37 remained unchanged.
Unique Hotel & Resort PLC topped the gainers’ list, with its share price climbing nearly 10 percent, up Tk 4 in a single day from Tk 40.20 on Tuesday to Tk 44.20 on Wednesday.
Mutual funds, however, largely bucked the market’s upward trend. Most mutual fund units traded near their lowest levels, with AB Bank 1st Mutual Fund, Reliance One, the first scheme of Reliance Insurance Mutual Fund, and ICB AMCL CMSF Golden Jubilee Mutual Fund each losing more than 5 percent to lead the fallers.
The Chittagong Stock Exchange (CSE) also posted gains, with its overall index CASPI rising 54 points. A total of 100 companies saw price increases against 71 decliners, while 20 remained unchanged.
CSE turnover rose by Tk 5 crore from the previous session, with shares and units worth Tk 24 crore traded on the day, up from Tk 19 crore a day earlier.
ICB AMCL Second Mutual Fund, Rupali Insurance Company Ltd and Index Agro Industries Ltd led the gainers on the CSE, each rising around 10 percent.
On the losing side, Chartered Life Insurance PLC, Continental Insurance PLC and Agni Systems PLC each shed nearly 10 percent.