Dhaka stocks rebounded on Sunday, the first trading session of the week, with a higher turnover as the investors were active on the trading floor to buy shares on the cheap.
The benchmark general index of the Dhaka Stock Exchange, DSEX, increased to 4,123.90 points, adding 1.12 per cent, or 45.95 points. DS30, the blue-chip index of the DSE, closed at 1,530.39 points, adding 1.38 per cent, or 20.95 points.
There had been a sluggish trend prevailing in the market over the last three weeks as the DSEX had lost 85.24 points during the period.
Market operators said that the market gained on the day as the investors found the shares available at lucrative prices after the recent fall.
The shares prices of large capitalised companies increased on the day, which was another reason behind the uptrend, they said.
The turnover of the bourse increased to Tk 590.52 crore from the previous trading session’s Tk 565.28 crore.
Among the 295 shares and mutual funds traded on the day, 198 advanced, 77 declined and 20 remained unchanged.
‘Today’s [Sunday] session observed a natural re-bounce with the surge of 45.96 points after thirteen down and flat sessions. Investors’ confidence continued to maintain its uptrend, pushing turnover up to Tk 590.52 crore,’ IDLC Investments said in its daily market commentary.
‘Alongside this, investors’ consistent item-by-item focus assisted 130 out of 295 traded scrips to be changed by 4 per cent of their respective prices,’ it also said.
Textile sector captured 13.28 per cent of the day’s total turnover, while pharmaceuticals sector occupied 12.53 per cent.
Bangladesh Submarine Cable Company led the turnover chart as its shares worth Tk 26.09 crore changed hands.
Active Fine Chemicals, RN Spinning Mills, Grameenphone, Heidelberg Cement, Meghna Petroleum, CVO Petrochemical Refinery, Olympic Industries, Padma Oil and Eastern Housing were the day’s other turnover leaders.
Bangladesh Industrial Finance Company and International Leasing and Financial Services gained the most on the day as their shares prices went up by 10 per cent while GPH Ispat lost the most, 10.09 per cent.
-With New Age input
