The daily trade volume at the country’s premier Dhaka Stock Exchange (DSE) surged by 12.34 percent to 17.76 crore shares on Saturday when the bourse saw rising volume of share trading after opening an extended week. There will be six sessions this week, BSS reports.
The volume of transaction was the highest in the past nine months after January 1 this year when the daily traded share volume was nearly 23 crore.
Market analysts said the volume rose significantly on DSE when some sectors including non-banking financial institutions, engineering, power, telecom and textile saw higher selling. Among these sectors, engineering securities were under huge pressure of profit-booking selling.
Financial sector saw higher trading after the regulator relaxed some rules and regulations for listed banks, financial institutions and insurance.
The daily trade value, however, was nearly 6.0 percent down to Taka 522.70 crore as share prices of some large-cap securities including engineering and food and allied closed the session lower.
Amid the mixed performance in market activities, the DSEX ended marginally up at 4680.31, with DS30 and DSES closing with similarly rise at 1771.90 and 1121.99 accordingly. Majority of the traded issues gained on the day. Out of the traded 264 securities, 157 ended higher and 83 lower.
Chittagong Stock Exchange (CSE) also opened the week up, with its major CASPI index gaining 63 points to finish at 14393.01.
The market on CSE was also in favour of the sellers, with 153 securities advancing and 72 decaling when over 13 lakh shares changed hands for Taka 33.35 crore. Among the major sectors, bank, fuel and power, telecom, textile and mutual funds increased while engineering and food and allied were down.
The major advancing issues were YPL, GSP Finance, 1st Prime MF and EBLNRB MF. The major losers included Apex Food, SEMLLECMF, National Tubes, Meghna Petroleum and KDS Accessories Limited.
Lanka Bangla was the day’s most traded security followed by UPGDCL, SPCL, GSP Finance and Jamuna Oil.