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crore level yesterday, setting a new milestone in Bangladesh capital
market history. Benchmark index of the Dhaka Stock Exchange also hit
a new high at 3 , 296.03 points. The previous high was 3 ,280
points on Tuesday. Experts say the liquidity glut caused by
increasing investor participation pulled up the turnover, which
touched Tk 1 , 149.71 crore on July 2 this year, the previous
highest. "Huge number of new investors, including individuals and
institutions are entering into the market that resulted in a
liquidity glut in the market," Sheikh Mortuza Ahmed, head of
merchant banking division at Prime Bank. He said some scrips are
getting overvalued with injection of new funds, and the market will
see a correction in share prices in the coming days. The market
regulator, Securities and Exchange Commission, said the current
market trends are under its close lens. "The new investors should
follow the fundamental base investment. They should avoid any rumour-
based investment," said Anwarul Kabir Bhuiyan, executive director of
SEC. The broader DSE All Share Price Index rose by 12. 26 points, or
0.44 percent to 2762.53. Losers however beat advancers 119 to 117
with five securities remained unchanged. A total of 7 , 18 ,60 ,022
shares and mutual fund units worth Tk 1 , 201.05 crore were traded on
the prime bourse. Bextex topped the turnover leaders, with 1 ,07 , 84
,000 shares worth Tk 82.07 crore being traded on the prime bourse.
BD Welding was the largest gainer that increased 14.75 percent, while
BLTC was the top loser that declined 7.85 percent. Chittagong stocks
however closed almost flat yesterday. The CSE Selective Categories
Index rose 2.79 points, or 0.03 percent to 7 , 156.49. The CSE All
Share Price Index increased 10.72 points, or 0.09 percent to 11 ,
391.91. A total of 98 ,29 ,459 shares worth Tk 116.03 crore changed
hands on the Chittagong Stock Exchange. Of the traded securities, 81
advanced, 85 declined and seven remained unchanged. Bextex topped
the turnover leaders on the port city bourse with 18 ,92 ,800 shares
worth Tk 14.31 crore being traded. BD Welding, which advanced 17.49
percent, was the largest gainer on the CSE. Saiham Textile Mills,
which declined 10.73 percent, was the biggest loser.
