Stocks rebounded on Wednesday, snapping a three-day losing streak, as optimistic investors showed their buying appetite on large-cap shares.
Market analysts said bargain hunters took position on lucrative issues, taking the market in the green territory.
The market witnessed volatility in the first three hours of the day’s session, while last hour saw strong buying pressure.
At the end of the session, DSEX, the prime index of the Dhaka Stock Exchange (DSE), settled at 5,748, advancing 16.36 points or 0.28 per cent over the previous day.
The two other indices also edged higher. The DS30 index, comprising blue chips, advanced 3.52 points to finish at 2,003 and the DSES (Shariah) index rose 1.74 points to settle at 1,311.
Turnover, another important indicator of the market, stood at Tk 7.12 billion, which was 21 per cent lower than the previous day’s turnover of Tk 9.01 billion.
A total number of 168,024 trades were executed in the day’s trading session with trading volume of 174.71 million shares and mutual fund units.
The market-cap of the DSE increased to Tk 4,159 billion which was Tk 4,149 billion in the previous day.
The gainers took a marginal lead over the losers as out of 347 issues traded, 169 closed higher, 136 ended lower and 42 issues remained unchanged on the DSE trading floor.
Fortune Shoes topped the turnover chart for the second straight day with 10.03 million shares worth Tk 385 million changing hands, followed by Monno Ceramic, United Power, Paramount Textile and Bangladesh Submarine Cable Company.
The port city bourse also backed to the green with the CSE All Share Price Index – CASPI – gaining 44 points to settle at 17,598 while the Selective Categories Index – CSCX –advancing 26 points to finish at 10,646.
Here too, the gainers beat the losers as 128 issues closed higher, 98 lower and 32 remained unchanged.
The port city bourse traded 8.77 million shares and mutual fund units worth Tk 272 million in turnover.
