Dhaka stocks advanced on Wednesday after decline in the previous two trading sessions with increased turnover due to investors’ increased participation as they found nothing negative in the monetary policy for the capital market. The benchmark general index of Dhaka Stock Exchange, DSEX, increased at 4,748.51 points, adding 0.89 per cent or 41.97 points.The DSE on the day started with a positive note, but lost some points after first 45 minutes of trading due to some profit-taking move.
The market, however, returned to positive at the end of trading.
DS30, the blue-chip index of the bourse, closed at 1,662.95 points, advancing 0.92 per cent or 15.27 points.
The shariah index of the bourse, DSES, increased by 0.37 per cent, or 3.66 points, to finish at 975.21 points on the day.
Turnover of the bourse increased to Tk 627.84 crore on Wednesday after declining to Tk 593.28 crore in the previous trading session.
Of the 288 shares and mutual funds changed hands, 208 advanced, 62 declined and 18 remained unchanged.
Market operators said that investors increased their participation on the trading floor on the day after profit-taking move in the previous two trading sessions as they found nothing negative in the monetary policy for the capital market.
After the recent rally investors on the day moved to invest on the potential sector as they were anticipating further bullish trend in the capital market, they said.
‘Having two sessions’ break, market turned positive again, recovering 42 points, Wednesday,’ IDLC Investments said in its daily market commentary.
‘Initially confused prime index made strong movement by mid-day, supported by healthy level of activities of over Tk 600 crore,’ it said.
‘Food and allied sector closed as the top gaining sector, as sector heavyweight BATBC increased by 5.72 per cent,
‘Fuel & Power again led turnover, while backed by robust activities in Tallu Spinning, Textile captured the second biggest portion,’ said IDLC.
Meghna Petroleum led the turnover chart as its shares worth Tk 34.77 crore changed hands on the day.
LankaBangla Finance, Aamra Technologies, Padma Oil, Summit Power, Summit Purbanchol Power Company, Tallu Spinning, Square Pharmaceuticals, Jamuna Oil and UCBL were among other turnover leaders.
Progressive Life Insurance gained the most on the day as its share prices increased by 8.67 per cent, while Apex Tannery lost the most shedding 7.75 per cent.
-With New Age input
