Market capitalisation on DSE reaches new high at Tk 44,891cr
Star Business Report
Market capitalisation on the Dhaka Stock Exchange (DSE) yesterday reached an all time high at Tk 44,891 crore as the Dhaka bourse has been witnessing a bullish trend for one month.Earlier on Sunday, the DSE market capitalisation stood at highest of Tk 44,119 crore. On May 3, the market capitalisation crossed Tk 40,000 crore mark for the first time in the history of country's stock market. Market operators said the capitalisation is on the rise as the price of shares is soaring due to huge demand for shares from the investors. But, they said the market capitalisation declines with the fall in share prices. So, the increasing trend in market capitalisation will be based on availability of new securities, they added. The existing numbers of shares are multiplied by the closing prices of the shares in order to calculate the market capitalisation. The premier bourse's benchmark index DSE General Index also reached a new high as it closed at 2017.44 points yesterday, up by 10.39 points or 0.51 percent from the previous day's closing. The DSE All Share Price Index also rose by 6 points, or 0.36 percent, to finish at 1665.8 points. The total turnover, however, came down to Tk 184.65 crore. On Sunday, the turnover hit the all time high at Tk 206.79 crore. Of the issues traded, 72 advanced, 111 declined and 21 remained unchanged. A total of 9,065,652 shares were traded on the DSE. At the end of the day, Power Grid Company of Bangladesh (PGCB) topped the turnover leaders followed by Brac Bank, Square Pharma, Prime Bank, Southeast Bank, Summit Power, Dhaka Electric Supply Company, Pubali Bank, Heidelberg Cement and National Bank. PGCB, the state-run power company, topped the turnover leaders with 343,300 shares worth Tk 21.7 crore. UNB adds: Trading at Chittagong Stock Exchange (CSE) closed higher yesterday, although the losers dominated the gainers. CSE All Share Price Index (CASPI) rose by 0.88 percent to close at 4889.25 points against 4846.44 points on Sunday, the previous trading day. The CSE-30 Index also increased by 0.72 percent to close at 4438.25 points against 4416.94 points on Sunday. A total of 95 issues were traded yesterday. Of them, 38 gained, 50 declined and seven remained unchanged. Some 2,672,333 shares and debentures worth Tk 28.73 crore changed hands yesterday against 3,353,965 shares valued at Tk 30.29 on Sunday.
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