Dhaka stocks inched up on Sunday, the first trading session of the week, riding on investors’ optimism regarding the government fund for the affected small investors.
The benchmark general index of the Dhaka Stock Exchange, DSEX, finished at 4,140.30 points on the day, adding 0.31 per cent or 12.82 points.DS30, the blue chip index of the bourse, fell flat at 1,544.88 points, advancing 0.31 per cent, or 4.86 points.
Market operators said the investors were hoping that the government would soon release the first phase of the refinancing scheme for the investors affected by the stock market crash in 2010.
The volatile political situation also made some investors inactive on the trading floor as they observe the developments on the political front before making their next move, said the operators.
The turnover of the bourse slightly increased to Tk 541.23 crore from the previous session’s Tk 540.72 crore.
It was a sharp contrast to the previous week as big-investors refrained from trading following the Bangladesh Securities and Exchange Commission’s move last week to investigate unusual trading of four companies, which made them dejected.
Among the 294 shares and mutual funds traded on the day, 157 advanced, 113 declined and 24 remained unchanged.
‘Volatile market scenario and shade in future market directions insisted investors to realize short-term but higher return of Mini Cap and Micro Cap scrips, which were averaged to 1.25 per cent and 1.81 per cent, respectively for the last eight sessions,’ IDLC Investments said in its daily market commentary.
Grameenphone led the day’s turnover chart as its shares worth Tk 43.96 crore changed hands.
While Bangladesh Submarine Cable Company, Padma Oil, Active Fine Chemicals, Tallu Spinning, Heidelberg Cement, Olympic Industries, United Airways, RN Spinning and Meghna Petroleum were the other turnover leaders on the day.
Non-banking financial institutions gained the most by advancing 4.02 per cent, while the life insurance sector gained 3.44 per cent and telecommunications sector 3.17 per cent.
JMI Syringes and Medical Devices gained the most on the day as the price of its shares went up by 10 per cent, while ICB AMCL First Mutual Fund lost the most, 9.96 per cent.
-With New Age input
