National, Front Page

Stock market cap up by Tk 14,000cr

Published : 07 Nov 2020 09:27 PM | Updated : 08 Nov 2020 07:30 AM

Stock markets-capitalisation (Investors’ investment on stocks) increased by almost Tk 14,000 crore in the last week amid growing general investors’ growing confidence in selective large-cap issues based on the latest corporate declarations.

In the last week, the market capitalisation of the Dhaka Stock Exchange (DSE) rose to Tk 3,98041.22 crore on Thursday, up Tk  6,789.72 crore or 1.74 percent from Tk 3,91251.50 crore in the previous week.

On the other hand, the market capitalization of the Chittagong Stock Exchange (CSE)  increased by Tk 7190.60 crore to stand at Tk 329,983.64 crore on Thursday from the previous week.

 Market analysts said most of the investors displayed their buying spree on sector specific issues based on the latest corporate declarations, taking the market-cap up and indexes in higher territory.

Besides, the investors also showed buying appetite riding on some of the positive macro-economic indicators despite Covid-19 pandemic, they mentioned.

Distinguished economist and market expert Prof Abu Ahmed told Bangladesh Post “The market has gone down a lot and has risen a bit from there.” 

Investors are seeing some hope, he said adding, the government should bring some good companies to build strong capital market. 

DSEX, the key index of the Dhaka Stock Exchange (DSE), went up by 96.02 points or 1.98 percent to settle at 4,942.12 points on Thursday over the previous week.

The DS30 index, comprising blue chips, increased by 45.51 points to finish at 1,725.64 and the DSE Shariah Index rose 21.67 points to close at 1,120.47 during the time.

Out of 361 issues traded at DSE, 171 ended higher, 121 closed lower and 69 remained unchanged in the last week.

The port city bourse, Chittagong Stock Exchange (CSE), also saw positive trend during the past week with its selective category index (CSCX) gaining 2.60 percent to close at 8536.46 points.

On the other hand, the all-share price index of CSE (CASPI) was higher by almost 2.63 percent during the week to close at 14,188.30 points.

Of 313 issues traded at CSE, 153 increased, 98 declined and 62 remained unchanged.