Stocks extended the winning streak for the fourth straight session on Sunday as the buoyant investors continued to put fresh bets on lucrative issues amid optimism.
The market opened higher and the upbeat note sustained until the end of the session with no sign of reversal as recent regulatory intervention kept the investors afloat on the trading floor.
DSEX, the core index of the Dhaka Stock Exchange (DSE), went up by 97.58 points or 1.46 per cent to settle at nearly 6,766.
The DSEX recovered 309 points in the past four consecutive sessions after the stock market regulator imposed the lowered circuit breaker limit to 2.0 per cent from 10 per cent.
Two other indices also closed higher with the DSE 30 Index, comprising blue chips, rose 38.08 points to finish at 2,463 and the DSE Shariah Index (DSES) gained 17.77 points to close at 1,453.
Turnover, a crucial indicator of the market, however, dropped below Tk 10 billion-mark again and amounted to Tk 9.98 billion, which was 6.0 per cent lower than the previous day’s tally of Tk 10.61 billion.
Market analysts said the recent regulatory steps boosted the investors’ confidence in the market.
Price surge of some large-cap stocks such as Grameenphone, Beximco, British American Tobacco, LafargeHolcim, Robi, and Square Pharma jointly added over 36 points to the DSEX, according to amarstock.com, market data analyst.
Gainers took a modest lead over the losers, as out of 380 issues traded, 273 advanced, 87 declined and 20 issues remained unchanged on the DSE trading floor.
Beximco topped the turnover chart with shares worth Tk 725 million changing hands, followed by Bangladesh Building Systems (Tk 290 million), BDCOM Online (Tk 267 million), Dragon Sweater (Tk 266 million), and Orion Pharma (Tk 230 million).
S Alam Cold Rolled Steels was the day’s top gainer, posting a 9.92 per cent gain while Union Insurance was the worst loser, losing 5.19 per cent, following its corporate declaration.
The Chittagong Stock Exchange (CSE) also ended higher with the CSE All Share Price Index – CASPI –rising 238 points to settle at 19,799 and the Selective Categories Index – CSCX gaining 142 points to close at 11,879.
Of the issues traded, 211 advanced, 65 declined and 17 issues remained unchanged on the CSE.
The port city’s bourse traded 13.99 million shares and mutual fund units with a turnover value worth Tk 414 million.
