Dhaka stocks returned to positive zone on Tuesday after decline in the previous trading session with increase in turnover due to a media report that the central bank might declare relaxed monetary policy for January-June period which made investors optimistic.
The benchmark general index of Dhaka Stock Exchange, increased to 4,330.63 points, adding 0.79 per cent or 34.28 points.
DS30, the blue-chip index of the bourse, advanced by 0.69 per cent, or 10.41 points, to close at 1,516.44 points.
The turnover of the bourse increased to Tk 456.12 crore from Tk 315.62 crore in the previous trading session.
Of the 286 shares and mutual funds changing hands, 212 advanced, 46 declined and 28 remained changed.
Despite uncertain political prospect and post-polls violence across the country investors became optimistic following a media report that Bangladesh Bank might declare relaxed monetary policy for the next six-month that might impact positively on the capital market.
The central bank will declare its January-June monetary policy by the end of this month.
Some other media reports which said that the government might declare a set of incentives for the country’s apparel industries by this week also played an important role in the increase of share prices under textile sector in the DSE, operators said.
Textile sector gained 1.22 per cent on the day.
‘After single day’s break, market reverted to green zone causing 34 points advancement in DSEX,’ IDLC Investments said in its daily market commentary.
‘Though, national political outlook remained uncertain, investors might have been expecting a slow down in clashes for the time being which would provide a short breathing space.
Therefore, investors returned from the sideline, pushing turnover above Tk 450-crore level after two weeks,’ it said.
Summit Purbanchol Power Company led the turnover chart as its shares worth Tk 25.95 crore changed hands on the day.
Golden Son, LankaBangla Finance, Summit Power, Generation Next, Apex Adelchi Footwear, Orion Pharma, Appollo Ispat, Barakatullah Electro Dynamics and Grameenphone were among other turnover leaders.
National Tubes gained the most on the day as its share prices increased by 9.76 per cent, while Bay Leasing and Investments lost the most, 4.52 per cent.
-With New Age input
