Stocks returned to the black yesterday, as optimistic investors took fresh positions in the market.
DGEN, the market tracking index of Dhaka Stock Exchange, finished the day at 4,774.65 points, after gaining 37.67 points or 0.79 percent.
“Continuous healthy turnover boosted investors’ confidence, as evidenced in their spontaneous participation,” said IDLC Investments, a leading merchant bank.
The recent stable macroeconomic scenario, coupled with the World Bank’s positive movement on Padma Bridge, boosted the recent rally, IDLC said.
It added that profit-taking, however, is holding the index back from crossing the 4,800 point-mark.
Small investors took profit from the short-term rally, he added.
Turnover on the DSE floor rose by 17.86 percent from the previous day, to 1,154 crore.
A total of 2.38 lakh trades were executed, with 29.03 crore shares and mutual fund unit changing hands on the Dhaka bourse.
“Most of the issues closed positive as the selling pressure was not considerable enough to pull the index down,” said Green Delta LR Holdings, a leading stockbroker.
Of the 272 issues that traded on the premier bourse, 175 advanced, 84 declined and 13 remained unchanged.
Among the major sector in the DSE, information technology rose 7.49 percent, bank 3.97 percent and general insurance 3.55 percent.
United Airways featured in the top traded stocks chart, thanks to its transaction of 3.12 crore shares worth Tk 90 crore.
Titas Gas and RN Spinning Mills were the next popular stocks of the day.
BRAC Bank was the biggest gainer of the day, posting a 10 percent rise, while the Second ICB Mutual Fund, slumping by 7.04 percent, lost the most.
-With The Daily Star input
