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DSE market cap climbs to Tk 22,800cr

Published : 15 Jan 2022 10:49 PM

The market-cap (capitalization) of the Dhaka Stock Exchange increased to over Tk 22,800 crore in the first two weeks of the ‘New Year 2022’.

Market analysts said stocks witnessed a good start in the new calendar year as investors continued pouring their funds in large-cap stocks.

Market capitalisation of the DSE jumped 4.21 percent to Tk 5,650 billion on Thursday, up from Tk 5422 billion in the two weeks before.

Experts said the capital market saw sustained growth last year in terms of scale and value, coasting on the robust economic recovery.

Now, more progress can be expected in the capital market with the overall modern financial ecosystem, they said.

Favourable macroeconomic data also encouraged investors to put fresh funds on major sector stocks like financial institutions, banking, telecom, power and food sector stocks, pushing the index higher, they mentioned.

The stocks witnessed a rapid growth as many institutional investors injected fresh funds into selective large-cap stocks, they added.

However, DSEX, the prime index of Dhaka Stock Exchange (DSE) went up by 29.78 points or 0.43 percent to close at 7,017. The DSEX added 315 points in the past three consecutive weeks.

The DS30 index, comprising blue chips, increased by 13.22 points to settle at 2,616 and the DSE Shariah Index (DSES) rose 29.56 points to finish at 1,501.

The total turnover increased to Tk 78.32 billion on the prime bourse in the week as against Tk 64.88 billion the previous week.

The daily average turnover went up by 21 percent to stand at Tk 15.66 billion from the previous week's average of Tk 12.97 billion.

Of the traded issues, 219 issues declined, 146 advanced and 19 remained unchanged on the DSE trading floor.

Beximco topped the turnover list with shares worth Tk 4.73 billion changing hands.

It was followed by Power Grid Company, Bangladesh Shipping Corporation, Fortune Shoes and Titas Gas.

The scam-hit Fareast Life Insurance was the week's top gainer, soaring 43.92 percent while the Delta Life Insurance was the worst loser, shedding 12.29 percent.

On the other hand, the port city bourse, the Chattogram Stock Exchange (CSE) also saw a rapid growth with its selective category index (CSCX) gaining 32 points in the last week to close at 12,342 points.

The All-Share Price Index (CASPI) of the CSE was higher by 50.69 points to close at 20,545 points.

Of the 343 issues traded, 124 advanced, 203 declined and 16 remained unchanged on the CSE floor.

The port city's bourse traded 6.95 crore shares and mutual fund units with turnover value of Tk 262 crore during the last week.

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