The prime index of the Dhaka bourse advanced to very nearly reach 6,000 points yesterday thanks to higher participation of buoyant investors.
The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), surged 101 points, or 1.71 per cent, to 5,985.
For all latest news, follow The Daily Star’s Google News channel.
Analysts say that most general investors were pondering whether the market was going to increase soon, for which they were increasing their investments.
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.
Beximco stocks were traded the most, worth Tk 96 crore, followed by Prime Bank, IFIC Bank, LankaBangla Finance and Northern General Insurance Company.
Shyampur Sugar Mills shed the most, dropping 7 per cent, followed by Crystal Insurance Company, Continental Insurance, National Feed Mills and Lub-rref Bangladesh.
Chittagong Stock Exchange (CSE) also fell yesterday. The CASPI, the general index of the port city bourse, rose 277 points, or 1.62 per cent, to 17,347.
Among 297 stocks to witness trade, 140 advanced, 125 dropped and 32 remained the same.
