DSEX jumps 371 points
Country’s premier bourse, Dhaka Stock Exchange (DSE) bounced back today buoyed by emergency crisis response effort from capital market regulator, reports BSS.
The broad index, DSEX closed at 3974.96 points on Thursday, last working day of week, with a sharp jump of 371.01 points or 10.29 per cent in a 30 minutes trading session due to circuit breaker system.
Besides, two selective indices, Blue Chip index, DSE30 and Shariah index, DSES also went up by 122.37 points and 84.65 points to settle at 1325.81 points and 919.43 points respectively.
At DSE, trading started at 2:00pm, a three hours delay, and continued until 2:30pm due to setting emergency circuit breaks on stocks by Bangladesh Securities and Exchange Commission (BSEC).
According to new circuit breaker, opening price of any listed security will be set at the average of the closing price of immediately preceding five trading days of 19 March, 2020.
This average price calculated for each security would be considered as the floor price and the lowest limit of the circuit breaker.
Upper limit of the circuit breaker and other conditions will remain unchanged. This order effected from today and will remain in force until further order, according to a BSEC circular.
Market turnover, another crucial indicator, stood at Taka 4.91 billion, which was higher over previous day’s mark of Taka 4.29 billion.
On the DSE trading floor, a total number of 6,372 trades were executed in today’s trading session with a trading volume of 125.49 million securities.
Gainers took a strong lead over losers as out of 352 issues traded, 141 securities gained price while 49 declined and 152 remained unchanged.
The market-cap of the DSE also rose to Taka 3,107 billion, from Taka 2,873 billion in the previous session.
The top ten gainers were Hakkani Pulp, GQ Ball Pen, Global Heavy Chemical, Metro Spinning, SS Steel, Progressive Life Insurance, Central Pharma, Rupali Life Insurance and Samata Leather.
Monno Ceramic topped the turnover chart followed by Uttara Bank, Square Pharma, National Bank, Mercantile Bank, Aziz Pipes, Paramount Insurance, Continental Insurance, Linde BD and International Leasing.
The top 10 losers were BIFC, Exim Bank First Mutual Fund, Delta Spinners, International Leasing, PHP First Mutual Fund and FAS Finance.
On the other hand, port city bourse, Chittagong Stock Exchange (CSE) also closed at red extending the bearish streak of previous day.
CSCX and CASPI declined by 105.10 points and 170.28 points to stand at 6641.32 points and 10963.40 points respectively.
At CSE, a total of 900,464 shares and mutual fund of 85 companies were traded of which 15 issues advanced while 59 declined and 11 issues remained unchanged.