DSE bounces back following submission of report on share market scam
Dhaka, Apr 7 (UNB) - The Dhaka Stock Exchange (DSE) bounced back Thursday after hovering in negative territory for two consecutive trading days, putting smiles back on investors’ faces at the end of the week.
Market analysts think the submission of the probe report on share market scam that recommended a major overhaul of the Securities and Exchange Commission helped the capital market to turnaround.
Shares worth approximately Tk 12086.31 million changed hands today while the amount was Tk 8194.56 million on Wednesday.
Share prices of 25 banks among the listed 30 banks gained, with nominal margin showing better performances compared to the two previous trading days.
Financial institutions also bounced back today. A total of 15 financial institutions out of 21 showed positive growth with moderate margins.
Insurance companies showed positive growth for the third consecutive day today. Out of 44 listed insurance companies, only three companies suffered losses while 41 companies gained with moderate margins.
Share prices of a number of financial institutions, banks and mutual funds declined in the last two trading days, though insurance companies showed significant growth.
The DSE benchmark index (DGEN) gained 86.55 points or 1.34 percent to close at 86540.60 points. The key index shed 1.76 points or 0.027 percent on Wednesday. The index plunged by 80.06 points or 1.22 percent on Tuesday. It, however, gained 88.86 points or 1.37 percent on Monday and 94.90 points or 1.49 percent on Sunday, the first trading day of the week. It gained 102.74 points or 1.64 percent on Thursday. The All-Shares Price index and the DSE-20 index also followed the uptrend today.
The All-Shares Price index gained 71.38 points or 1.33 percent to close at 5424.38 points. The index skidded by 1.31 points or 0.024 percent on 5352.99 points on Wednesday. The index plunged by 63.33 points or 1.16 percent on Tuesday. The All-Shares Price index rose by 69.07 points or 1.29 percent to close at 5417.65 points on Monday. The index gained 73.45 points or 1.39 percent on Sunday. Meanwhile, the DSE-20 index gained 38.28 points or 0.95 percent to close at 4031.72 points. The index suffered 19.04 points or 0.47 percent on Wednesday. It witnessed a 59.44 point, or 1.45 percent, loss on Tuesday. The index gained 24.62 points or 0.60 percent to close at 4071.93 points on Monday while it gained 78.92 points or 1.98 percent on Sunday.
Of the total of 256 issues traded today, 214 advanced, 34 declined and eight remained unchanged. Shares worth approximately Tk 12086.31 million changed hands on the day while the amount was Tk 8194.56 million on Wednesday, Tk 11481.057 million on Tuesday, and Tk 10601.992 million on Monday, compared to Tk 10271 million on Sunday.
Market analysts think the submission of the probe report on share market scam that recommended a major overhaul of the Securities and Exchange Commission helped the capital market to turnaround.
Shares worth approximately Tk 12086.31 million changed hands today while the amount was Tk 8194.56 million on Wednesday.
Share prices of 25 banks among the listed 30 banks gained, with nominal margin showing better performances compared to the two previous trading days.
Financial institutions also bounced back today. A total of 15 financial institutions out of 21 showed positive growth with moderate margins.
Insurance companies showed positive growth for the third consecutive day today. Out of 44 listed insurance companies, only three companies suffered losses while 41 companies gained with moderate margins.
Share prices of a number of financial institutions, banks and mutual funds declined in the last two trading days, though insurance companies showed significant growth.
The DSE benchmark index (DGEN) gained 86.55 points or 1.34 percent to close at 86540.60 points. The key index shed 1.76 points or 0.027 percent on Wednesday. The index plunged by 80.06 points or 1.22 percent on Tuesday. It, however, gained 88.86 points or 1.37 percent on Monday and 94.90 points or 1.49 percent on Sunday, the first trading day of the week. It gained 102.74 points or 1.64 percent on Thursday. The All-Shares Price index and the DSE-20 index also followed the uptrend today.
The All-Shares Price index gained 71.38 points or 1.33 percent to close at 5424.38 points. The index skidded by 1.31 points or 0.024 percent on 5352.99 points on Wednesday. The index plunged by 63.33 points or 1.16 percent on Tuesday. The All-Shares Price index rose by 69.07 points or 1.29 percent to close at 5417.65 points on Monday. The index gained 73.45 points or 1.39 percent on Sunday. Meanwhile, the DSE-20 index gained 38.28 points or 0.95 percent to close at 4031.72 points. The index suffered 19.04 points or 0.47 percent on Wednesday. It witnessed a 59.44 point, or 1.45 percent, loss on Tuesday. The index gained 24.62 points or 0.60 percent to close at 4071.93 points on Monday while it gained 78.92 points or 1.98 percent on Sunday.
Of the total of 256 issues traded today, 214 advanced, 34 declined and eight remained unchanged. Shares worth approximately Tk 12086.31 million changed hands on the day while the amount was Tk 8194.56 million on Wednesday, Tk 11481.057 million on Tuesday, and Tk 10601.992 million on Monday, compared to Tk 10271 million on Sunday.
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