Share transaction marks 52pc rise in FY15

Dhaka Stock Exchange (DSE) marked substantial rise in the outgoing 2014-15 financial year (FY15), with securing 52.50 per cent rise in daily trade value and over 100 per cent surge in the trade volume on year-on-year basis, reports BSS.
The benchmark DSEX, however, gained 102.58 points or 2.28 per cent at the close of the fiscal yesterday when the blue-chip DS30 posted 124.61 points or 7.57 per cent and the Shariah DSES registered 102.66 or 10.07 per cent rise.
The DSEX closed the last trading session of the FY15 up at 4583.10, with the DS30 and the DSES finishing higher at 1769.36 and 1122.02 respectively.  The broader index closed the previous 2013-14 financial year (FY14) at 4480.52 when the two selective indices ended at 1644.75 and 1019.34 accordingly.
All the three market barometers, however, reached their peaks in October last year when market saw higher activities of both the individual and institutional investors. DSEX recorded its peak at 5334.03 on October 12. The highest record for DS30 was 2002.08 and that for DSES was 1248.77 on October 15, 2014.
The daily trade value rose to Tk 590.45 crore and the volume to 14.97 crore shares on Tuesday, which was Tk 387.20 crore and 7.06 crore shares respectively a year ago on June 30. DSE saw the highest trade value of Tk 1,288.55 crore and the volume of 25.55 crore shares on September 9 last year.
The fiscal incentives, offered in the new budget for 2015-16 financial year (FY16) helped investors regain confidence in share investment.
The market experienced a strong trading pattern at the concluding day of the FY15 on buying pressure fuelled by tax incentive offered in the national budget for FY16.
Investors’ participation remained strong despite the cut in trading hours for Ramadan, taking the turnover value by 37.0 per cent up to Tk 590.45 crore and the volume by 54.0 per cent higher at 14.97 crore shares.
The higher activities made almost all the sectors green yesterday, lead by food and allied, textile, fuel and power, engineering, cement, telecom, bank and pharmaceuticals. Tosrifa Industries was at the top of the day’s 222 gaining issues followed by OAL, United Air, Standard Ceramic and UPGDL.
The last session of FY15 saw only 66 securities on the losing side, with FBFIF, Salvo Chemical, Style Craft, Agrani Insurance and Legacy Foot among the top five lagging issues.
Heavyweight stocks were in the turnover leader’s list yesterday when BATBC, Lafarge Surma and GP, United Air and Squire Pharma were at the top.
Like DSE, Chittagong Stock Exchange (DSE) also ended the FY15 up when majority of the traded securities closed higher. The general CSCX gained 180.41 points to 8584.11 yesterday.
Out of 246 issues traded, 164 advanced across the board when only 51 incurred moderate loss and 31 remained static.
The trade value was Tk 39.69 crore for 1.43 crore shares.
Stock market will remain closed today for bank holiday.

Share transaction marks 52pc rise in FY15

Dhaka Stock Exchange (DSE) marked substantial rise in the outgoing 2014-15 financial year (FY15), with securing 52.50 per cent rise in daily trade value and over 100 per cent surge in the trade volume on year-on-year basis, reports BSS. The benchmark DSEX, however, gained 102.58 points or 2.28 per cent at the close of the fiscal yesterday when the blue-chip DS30 posted 124.61 points or 7.57 per cent and the Shariah DSES registered 102.66 or 10.07 per cent rise. The DSEX closed the last trading session of the FY15 up at 4583.10, with the DS30 and the DSES finishing higher at 1769.36 and 1122.02 respectively. The broader index closed the previous 2013-14 financial year (FY14) at 4480.52 when the two selective indices ended at 1644.75 and 1019.34 accordingly. All the three market barometers, however, reached their peaks in October last year when market saw higher activities of both the individual and institutional investors. DSEX recorded its peak at 5334.03 on October 12. The highest record for DS30 was 2002.08 and that for DSES was 1248.77 on October 15, 2014. The daily trade value rose to Tk 590.45 crore and the volume to 14.97 crore shares on Tuesday, which was Tk 387.20 crore and 7.06 crore shares respectively a year ago on June 30. DSE saw the highest trade value of Tk 1,288.55 crore and the volume of 25.55 crore shares on September 9 last year. The fiscal incentives, offered in the new budget for 2015-16 financial year (FY16) helped investors regain confidence in share investment. The market experienced a strong trading pattern at the concluding day of the FY15 on buying pressure fuelled by tax incentive offered in the national budget for FY16. Investors participation remained strong despite the cut in trading hours for Ramadan, taking the turnover value by 37.0 per cent up to Tk 590.45 crore and the volume by 54.0 per cent higher at 14.97 crore shares. The higher activities made almost all the sectors green yesterday, lead by food and allied, textile, fuel and power, engineering, cement, telecom, bank and pharmaceuticals. Tosrifa Industries was at the top of the days 222 gaining issues followed by OAL, United Air, Standard Ceramic and UPGDL. The last session of FY15 saw only 66 securities on the losing side, with FBFIF, Salvo Chemical, Style Craft, Agrani Insurance and Legacy Foot among the top five lagging issues. Heavyweight stocks were in the turnover leaders list yesterday when BATBC, Lafarge Surma and GP, United Air and Squire Pharma were at the top. Like DSE, Chittagong Stock Exchange (DSE) also ended the FY15 up when majority of the traded securities closed higher. The general CSCX gained 180.41 points to 8584.11 yesterday. Out of 246 issues traded, 164 advanced across the board when only 51 incurred moderate loss and 31 remained static. The trade value was Tk 39.69 crore for 1.43 crore shares. Stock market will remain closed today for bank holiday.