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Stocks fall for profit booking | The Daily Star
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Stocks maintain gaining streak | Bangladesh Sangbad Sangstha (BSS)
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Turnover at DSE hits new high in a decade Star Business Report Star Business Report
Turnover at the Dhaka Stock Exchange (DSE) hit a decade-high today thanks mainly to the higher participation of buoyant investors.
The important indicator of the market soared 30 per cent to Tk 2,700 crore, crossing the previous decade-high of Tk 2,669 crore recorded on June 6.
Investors have confidence on the market, so they are participating in the market with the belief that the upward trend would sustain this year, according to market analysts.
The DSEX, the benchmark index of the DSE, surged 31 points, or 0.52 per cent, to 6,055.
At the DSE, 208 stocks advanced, 124 fell and 37 remained unchanged.
But the alarming thing is that insurance stocks have once again come under the spotlight.
When almost all other stocks were falling, insurance stocks were on the rise as some people bought them to allure general investors. If general investors buy them, then the big players will sell off their shares, the broker said.
Among 50 listed insurance companies, 31 advanced, 15 fell, and four remained unchanged.
Insurance stocks have been rising for the last few months riding on the rumour that gamblers are buying them, said Abdul Jalil, an investor who has been active in the market since 2008. This could be a big blow for investors, who rush to these stocks since they move fast.
Stocks continue gaining Star Business Report Star Business Report
The stockmarket continued its gaining streak today and insurance shares once again topped the gainers list.
The DSEX, benchmark index of the Dhaka Stock Exchange (DSE), rose 11.80 points, or 9.21 per cent, to stand at 5,435.03.
At the DSE, 143 companies rose, 135 declined and 76 remained unchanged.
The insurance sector moved slowly for some weeks, but overall it continued rising for the last few months.
United Insurance topped the gainers list with a 9.91 per cent increase followed by Dhaka Insurance, National Feed Mills, Shinepukur Ceramics and Takaful Islami Insurance.
Turnover, an important indicator of the stock market, hit Tk 876 crore, up from Tk 776 crore a day earlier.
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