Home | Breaking News | Share transaction marks 52% rise in FY15

Share transaction marks 52% rise in FY15

WT24 Desk

Dhaka Stock Exchange (DSE) marked substantial rise in the outgoing 2014-15 financial year (FY15), with securing 52.50 percent rise in daily trade value and over 100 percent surge in the trade volume on year-on-year basis, agencies  report. The benchmark DSEX, however, gained 102.58 points or 2.28 percent at the close of the fiscal on Tuesday when the blue-chip DS30 posted 124.61 points or 7.57 percent and the Shariah DSES registered 102.66 or 10.07 percent rise.

The DSEX closed the last trading session of the FY15 up at 4583.10, with the DS30 and the DSES finishing higher at 1769.36 and 1122.02 respectively.  The broader index closed the previous 2013-14 financial year (FY14) at 4480.52 when the two selective indices ended at 1644.75 and 1019.34 accordingly. All the three market barometers, however, reached their peaks in October last year when market saw higher activities of both the individual and institutional investors. DSEX recorded its peak at 5334.03 on October 12. The highest record for DS30 was 2002.08 and that for DSES was 1248.77 on October 15, 2014.

The daily trade value rose to Taka 590.45 crore and the volume to 14.97 crore shares on Tuesday, which was Taka 387.20 crore and 7.06 crore shares respectively a year ago on June 30. DSE saw the highest trade value of Taka 1,288.55 crore and the volume of 25.55 crore shares on September 9 last year.  The fiscal incentives, offered in the new budget for 2015-16 financial year (FY16) helped investors regain confidence in share investment.

The market experienced a strong trading pattern at the concluding day of the FY15 on buying pressure fueled by tax incentive offered in the national budget for FY16.  Investors’ participation remained strong despite the cut in trading hours for Ramadan, taking the turnover value by 37.0 percent up to Taka 590.45 crore and the volume by 54.0 percent higher at 14.97 crore shares.

The higher activities made almost all the sectors green on Tuesday, lead by food and allied, textile, fuel and power, engineering, cement, telecom, bank and pharmaceuticals. Tosrifa Industries was at the top of the day’s 222 gaining issues followed by OAL, United Air, Standard Ceramic and UPGDL. The last session of FY15 saw only 66 securities on the losing side, with FBFIF, Salvo Chemical, Style Craft, Agrani Insurance and Legacy Foot among the top five lagging issues.

Heavyweight stocks were in the turnover leader’s list on Tuesday when BATBC, Lafarge Surma and GP, United Air and Squire Pharma were at the top. Like DSE, Chittagong Stock Exchange (DSE) also ended the FY15 up when majority of the traded securities closed higher. The general CSCX gained 180.41 points to 8584.11 on Tuesday.

Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) — gained on three consecutive sessions on Tuesday.  The DSE benchmark index, DSEX gained 51.12 points or 1.13 percent to close at 4583.12 on the day. Of the 309 issues traded, 217 gained, 69 declined and 33 remained unchanged.   Shares worth Tk 590.45 crore changed hands at the DSE on Tuesday as against Tk 428.31 crore on Monday.

The day’s top 10 gainers at the DSE were Tosrifa Industries, Olympic Accessories, United Airways, Standard Ceramic, United Power Generation & Distribution, National Polymer, Khan Brothers PP Woven Bag Industries, Global Heavy Chemicals, Malek Spinning Mills, and National Tubes.  Top five losers at the DSE were First Bangladesh Fixed Income Fund, Salvo Chemical Industry, Stylecraft Limited, Agrani Insurance, and Legacy Footwear.

The trade value was Taka 39.69 crore for 1.43 crore shares.  Stock market will remain closed tomorrow (Wednesday) for bank holiday.

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